Forex Trading USA
As a forex broker, Forex Trading USA is committed to the education and training of our customers. That is why we have established a free forex training program for our clients. New traders with our firm can have the assurance and confidence that our experienced staff will provide the training they need to participate in the foreign exchange market. For more information about our training program, click here. Our trading team has also developed practical trading e-books that clients can receive by opening accounts with $250 or more. The Forex Trading USA team is made up of professionals with extensive experience in the fields of trading and investing. Traders will not only have at their disposal experts in online trading and training, but also in areas such as managed forex accounts, proprietary trading, and helping introducing brokers set up their forex business. Click on the links below for more information on these areas.
Forex Managed Accounts - An alternative for investors or traders that want to participate in the forex market, but don't have the time to do it. Managed forex accounts may be appropriate for aggressive portfolios or to diversify away from stocks, real estate or any other uncorrelated investment.
Proprietary Trading - For those that want to manage money in forex for other individuals and institutions, we can be of great assistance. We can help you get started trading for a hedge fund via our extensive contacts and relationships in the industry. We can also help you become a private forex money manager and help you raise trading capital from other people and companies.
Introducing Brokers - Firms or individuals that want to offer forex trading services to their clients can take advantage of our introducing broker service. As an introducing broker, a firm or individual can be compensated for introducing their clients to our services and their clients can have access to the same prices as the regular clients of Forex Trading USA. This is a great way for your clients to have access to top-of-the-line trading and managed account services and for you to participate in the biggest and fastest growing financial market in the world while you build your own brand.
You can start by registering for a free 30-day test drive of our online trading platform. Click below to go to our registration page.
Forex trading demo.
GAIN / Forex.com acts as the clearing agent and counterparty to Forex Trading USA's margined forex transactions. GAIN / Forex.com is a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA).
FOREX.com is a division of GAIN Capital Group, a dedicated partner to professional FX traders and fund managers worldwide. Institutional services include IB programs, white label solutions, and asset management. Individual forex traders can take advantage of the market expertise and financial strength of GAIN Capital Group and access an institutional FX trading platform, FOREXTrader, along with our powerful real-time forex charts, professional forex market research, and suite of advanced forex trading tools. For traders new to the currency trading, FOREX.com offers forex training programs, forex minis, and information about trading the foreign currency market.
Trade Currencies and Spot Metals
Trade currencies and spot metals at FOREX.com. Dealing spreads are as low as 1-2 pips on the most widely traded currency pairs. As always, you pay no commissions at FOREX.com, only the bid/offer spread. Our prices are quoted in more precise 0.1 pip increments to help you take advantage of smaller price movements. Learn more about our pricing.
whether you need ideas for a new strategy, to brush up on platform tools, or just to learn our platform for the first time, we have the resources you need at FOREX.com. Open a free forex practice account to test your knowledge with no risk or obligation, attend a webinar, or check our schedule for a forex workshop in your area.
Our mission is to provide you a fair, efficient trading environment, which means quoting competitive spreads and ensuring quality executions. Our customer base represents traders from over 140 countries, and the firm trades nearly $200 billion per month with its customers and trading partners.* Top 10 reasons currency traders choose FOREX.com
our experienced research team provides robust market analysis you won't find anywhere else, from real-time commentary to essential daily and weekly reports that summarize key market developments with an insightful perspective. More about our forex research offering.
Spot and seize potential market opportunities with our forex trading platform. We designed our tools to make it easy to put your trading strategy into action with advanced order management tools, a choice of robust charting packages, and auto execution tools.
System stability and reliability
Our technology infrastructure is designed to support a 24-hour trading environment with 100% uptime. We subject our systems to rigorous testing and maintain multiple connections through internet backbones to assure connectivity for our clients around the globe.
System stability and reliability
Our technology infrastructure is designed to support a 24-hour trading environment with 100% uptime. We subject our systems to rigorous testing and maintain multiple connections through internet backbones to assure connectivity for our clients around the globe.
Spot and seize potential market opportunities with our forex trading platform. We designed our tools to make it easy to put your trading strategy into action with advanced order management tools, a choice of robust charting packages, and auto execution tools.
Our experienced research team provides robust market analysis you won't find anywhere else, from real-time commentary to essential daily and weekly reports that summarize key market developments with an insightful perspective. More about our forex research offering.
Our mission is to provide you a fair, efficient trading environment, which means quoting competitive spreads and ensuring quality executions. Our customer base represents traders from over 140 countries, and the firm trades nearly $200 billion per month with its customers and trading partners.* Top 10 reasons currency traders choose FOREX.com
Whether you need ideas for a new strategy, to brush up on platform tools, or just to learn our platform for the first time, we have the resources you need at FOREX.com. Open a free forex practice account to test your knowledge with no risk or obligation, attend a webinar, or check our schedule for a forex workshop in your area.
, to brush up on platform tools, or just to learn our platform for the first time, we have the resources you need at FOREX.com. Open a free forex practice account to test your knowledge with no risk or obligation, attend a webinar, or check our schedule for a forex workshop in your area.
Trade Currencies and Spot Metals
Trade currencies and spot metals at FOREX.com. Dealing spreads are as low as 1-2 pips on the most widely traded currency pairs. As always, you pay no commissions at FOREX.com, only the bid/offer spread. Our prices are quoted in more precise 0.1 pip increments to help you take advantage of smaller price movements. Learn more about our pricing.
FOREX.com is a division of GAIN Capital Group, a dedicated partner to professional FX traders and fund managers worldwide. Institutional services include IB programs, white label solutions, and asset management. Individual forex traders can take advantage of the market expertise and financial strength of GAIN Capital Group and access an institutional FX trading platform, FOREXTrader, along with our powerful real-time forex charts, professional forex market research, and suite of advanced forex trading tools. For traders new to the currency trading, FOREX.com offers forex training programs, forex minis, and information about trading the foreign currency market.
Forex Trading USA
As a forex broker, Forex Trading USA is committed to the education and training of our customers. That is why we have established a free forex training program for our clients. New traders with our firm can have the assurance and confidence that our experienced staff will provide the training they need to participate in the foreign exchange market. For more information about our training program, click here. Our trading team has also developed practical trading e-books that clients can receive by opening accounts with $250 or more.
The Forex Trading USA team is made up of professionals with extensive experience in the fields of trading and investing. Traders will not only have at their disposal experts in online trading and training, but also in areas such as managed forex accounts, proprietary trading, and helping introducing brokers set up their forex business. Click on the links below for more information on these areas.
Forex Managed Accounts - An alternative for investors or traders that want to participate in the forex market, but don't have the time to do it. Managed forex accounts may be appropriate for aggressive portfolios or to diversify away from stocks, real estate or any other uncorrelated investment.
Proprietary Trading - For those that want to manage money in forex for other individuals and institutions, we can be of great assistance. We can help you get started trading for a hedge fund via our extensive contacts and relationships in the industry. We can also help you become a private forex money manager and help you raise trading capital from other people and companies.
Introducing Brokers - Firms or individuals that want to offer forex trading services to their clients can take advantage of our introducing broker service. As an introducing broker, a firm or individual can be compensated for introducing their clients to our services and their clients can have access to the same prices as the regular clients of Forex Trading USA. This is a great way for your clients to have access to top-of-the-line trading and managed account services and for you to participate in the biggest and fastest growing financial market in the world while you build your own brand.
You can start by registering for a free 30-day test drive of our online trading platform. Click below to go to our registration page.
Forex trading demo.
GAIN / Forex.com acts as the clearing agent and counterparty to Forex Trading USA's margined forex transactions. GAIN / Forex.com is a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA).
Forex Trading USA
As a forex broker, Forex Trading USA is committed to the education and training of our customers. That is why we have established a free forex training program for our clients. New traders with our firm can have the assurance and confidence that our experienced staff will provide the training they need to participate in the foreign exchange market. For more information about our training program, click here. Our trading team has also developed practical trading e-books that clients can receive by opening accounts with $250 or more.
The Forex Trading USA team is made up of professionals with extensive experience in the fields of trading and investing. Traders will not only have at their disposal experts in online trading and training, but also in areas such as managed forex accounts, proprietary trading, and helping introducing brokers set up their forex business. Click on the links below for more information on these areas.
Forex Managed Accounts - An alternative for investors or traders that want to participate in the forex market, but don't have the time to do it. Managed forex accounts may be appropriate for aggressive portfolios or to diversify away from stocks, real estate or any other uncorrelated investment.
Proprietary Trading - For those that want to manage money in forex for other individuals and institutions, we can be of great assistance. We can help you get started trading for a hedge fund via our extensive contacts and relationships in the industry. We can also help you become a private forex money manager and help you raise trading capital from other people and companies.
Introducing Brokers - Firms or individuals that want to offer forex trading services to their clients can take advantage of our introducing broker service. As an introducing broker, a firm or individual can be compensated for introducing their clients to our services and their clients can have access to the same prices as the regular clients of Forex Trading USA. This is a great way for your clients to have access to top-of-the-line trading and managed account services and for you to participate in the biggest and fastest growing financial market in the world while you build your own brand.
You can start by registering for a free 30-day test drive of our online trading platform. Click below to go to our registration page.
Forex trading demo.
GAIN / Forex.com acts as the clearing agent and counterparty to Forex Trading USA's margined forex transactions. GAIN / Forex.com is a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA).
What is Forex Trading?
Trading the foreign currency market, or the Forex Market, as it is commonly known, is the most developed financial market in the world. The Forex Market is not concentrated in any one exchange, rather the vast majority of forex trades are private deals between two parties in what is known as an 'Over the Counter' or OTC market. The currencies are traded and quoted in pairs such as Euro/U.S. Dollar or U.S. Dollar/Japanese Yen, where a deal is the combination of selling one currency while buying another currency at the same time.
What is a Spread?
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in.
What is Margin?
Margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than their actual account value. In the event that funds in the account fall below margin requirements, some or all open positions will close. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market.
How Do I Trade Currencies?
From the Finexo Platform, you can buy and sell currencies instantly according to your desire. Our platform allows you to leverage your funds 100:1. Currently, the ForexWebTrader platform allows you to trade more than 45 different Currency pairs.
What is Leverage?
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in.
Future Trades
Limit orders are commonly used to enter a market and to take profit at predefined levels. Limit orders to buy are placed below the current market price and are executed when the Ask price hits or breaches the price level specified. (If placed above the current market price, the order is filled instantly at the best available price below or at the limit price.) Limit orders to sell are placed above the current market price and are executed when the Bid price breaches the price level specified.
Welcome to Finexo.
Welcome to Finexo, the elite broker trading and investing platform for the Forex exchange.
The Forex market is the safest, most liquid and most traded exchange in the world. With over 3 trillion dollars flowing through it each day, it is easy to see why Forex trading has become popular among the average investor. Yet, without proper Forex training, education and guidance, success at trading the Forex market is difficult. The Finexo Forex platform is designed to educate our clients and make the Forex markets easy and understandable.
Finexo provides clients with 24 hour customer service, top-rated Forex market updates and award winning, cutting edge technology, that provides Forex traders with the fastest possible execution on all of their trades.
Finexo's commitment to the individual Forex investor is paramount to our mission. Through our professionalism, knowledge and advanced technology, Finexo has rapidly become distributor to one of the most decorated and premier Forex platforms in the world.
Through the use of real-time Forex news, Forex updates, charts, graphs and a 24 hour support network, Finexo’s dedication to providing the most accessible, practical and successful way to trade Forex online is unmatched.
Who We Are
Finexo was established in 2003 by veterans of the global financial industry with the intention of bringing average investors into the Forex market. A market once thought to be exclusively for the elite, professional investors.
Finexo's system of commerce is governed by strict regulations and our corporate philosophy is based on the highest of standards with regard to our business practices. For our customers, this ensures that stringent quality control standards are being met and, in fact, exceeded. The regulations require that broker trading firms maintain enough liquid reserve capital to cover their deposits and operate under a fair and equitable principle of trade. From the beginning, Finexo’s founders made a determined effort to maintain the highest standards, complying with the stringent regulations governing much of the financial world was the first step towards that goal.
Mission
Finexo’s primary belief is that the Forex market is not just for professional investors, traders and institutions, rather the Forex should be accessible to everybody. It has been the mission of Finexo to educate and guide individual investors while providing an unrivaled platform anyone can understand. By simplifying the process, educating investors and standing with them 24 hours a day, Finexo has become the premier Forex broker for every level of investor.
Education
By improving the knowledge base and trading skills of the individual, Finexo is helping to create a new generation of global investor, one that is more diverse, in-tune to economic indicators and familiar with the political structure of the world. A well rounded investor and trader is a goal Finexo has for each of its clients.
Technology
With a state-of-the-art trading platform, the ability to trade with ease from anywhere via PDA and on-the-spot SMS market updates, Finexo is leading Forex trading into the future. Finexo’s development team is always working to create new products designed to help customers make the most of their trading experiences. Through Innovation, Finexo is leading the way in currency trading.
What is the Forex market?
The online trading environment for foreign exchange encompasses the largest, most dynamic capital market in the world with more than USD 3 trillion traded daily. The Forex market is a continuous, 24/5 marketplace open from Sunday afternoon (4 PM EDT) through the close of the US markets on Friday (5 PM EDT). The Forex market is where investors can trade one currency against another currency.
What is a currency cross?
Currencies are always priced in pairs. All trades take place between two different currencies resulting in the concurrent purchase of one currency and sale of another. For example, when you trade EURUSD, the currency cross is Euros versus US dollars. One currency will be bought (long position) while the other currency is sold (short position).
What is the Bid-Ask Spread?
The bid-ask spread is the buying and selling spread between two currencies. The bid price is the price at which the currency is sold. The ask price is the price at which the currency is bought. The difference between the bid price and the ask price is known as the bid-ask spread. The bid-ask spread differs between currency crosses with more common crosses (majors) having tighter spreads.
Forex Order Types
Margin Order Types
The basic landscape in FX trading involves a number of order types that facilitate efficient transactions. Below, we have defined several of the most common terms.
1. Limit
A limit order is commonly used to enter or exit markets at a specified price or better than the market price. In addition, a limit order allows the trader to manage the length of time that the order is current or outstanding before it is canceled.
2. Stop if Bid
A Stop if Bid order is used to buy or sell a currency is the Bid price breaches the specific level in the price field. Typically, Stop if Bid orders are used to buy a FX position in order to make sure a certain level is broken.
3. Stop if Offer
A Stop if Offer order is used to buy or sell a currency is the Ask price breaches the specific level in the price field. Typically, Stop if Offer orders are used to sell a FX position in order to make sure a certain level is broken.
Linking orders offers traders a logical aggregation of order types that outline contingencies in market participation, making it much easier to trade in moving markets.
4. One Cancels Other (OCO)
This most common linked order, OCO, stipulates that if one part of the order is executed, then the other part is automatically canceled. In FX trading, OCO often refers to a buy order and sell order linked together so that when one of the orders is executed, the other is canceled. Consider the OCO as follows: the trader protects an existing position from loss (stop order) and ensures that profits are taken (limit order).
5. If Done (ID)
These contingent trade orders, also known as slave orders become active only if the primary order is executed first. An example would be a working order to buy EURUSD at 1.2500 and a contingent order to sell at 1.2400 Stop if Bid – if the first order is done.
6. Trailing Stop
A Trailing Stop Order is a stop order that has a trigger price that changes with the spot price. As the market rises (for long positions) the stop price rises according to the proportion set by the user, but if the market price falls, the stop price remains unchanged. This type of stop order helps an investor to set a limit on the maximum possible loss without limiting the possible gain on a position. It also reduces the need to constantly monitor the market prices of open positions.
7. Tom-Next
Spot Forex positions are traded with a standard Value Date of 2 business days – the theoretical delivery date for the currency exchange if we were going to take delivery of a currency. For example, positions opened on Monday would have a Value Date of Wednesday.
As we are speculating on Forex and not actually taking delivery (settlement), positions are never allowed to reach their Value Date and are 'Rolled Over' to a new Value Date instead. So if the position we opened on Monday is still open on Tuesday, it will be closed then reopened again immediately at almost the same market price with the new Value Date of Thursday.
8. Spot Trades
A spot FX trade is an immediate execution of one currency against another at an agreed rate, settlement of which traditionally takes place two business days later. Finexo offers spot trading on streaming real-time prices for over 150 different currency crosses, with deep liquidity on the most liquid currency pairs.
In the FX Trade module, if the Bid/Ask fields are highlighted green, then the platform is delivering a live-tradable price.
9. Forward Outright
A Forward Outright is a trade that will commence at an agreed upon date (in the future). There is no centralized exchange for Forwards and forward trading is often customized to meet the needs of the buyer and seller. Forward Outrights are expressed as a price above (premium) or below (discount) the spot rate. The forward FX price is the sum of the spot price and the margin. This price is a reflection of the FX rate at the forward date where if the trade were executed at that rate there would be no profit or loss.
What are PIPS?
Currencies are quoted using 5 significant digits. The last digit, called a "pip", represents the smallest potential move in an exchange rate, and is very similar to ticks or points in other financial products. In the example below, a 10 pip increase in the Ask price would result in a quote of 1.2287. Likewise, a 10 pip decrease in the Ask price would result in a quote of 1.2267. Half-pips are a more recent development offering traders even tighter spreads and more competitive and transparent accuracy in pricing. When trading foreign exchange, the value of a pip is dependent on two variables – the amount of currency and the currency pair.
USD Value of a Pip
Below, we have calculated the US Dollar value of a 1 pip movement for some of the more frequently traded currency pairs. Please note, all values are calculated using 100,000 units of the base currency (the left-hand currency in the pair).
EURUSD USD 10.00
USDCHF USD 8.00
USDJPY USD 9.06
GBPUSD USD 10.00
USDCAD USD 7.92
AUDUSD USD 10.00
EURCHF USD 8.00
EURJPY USD 9.06
EURGBP USD 17.98
EURUSD USD 10.00
USDCHF USD 8.00
USDJPY USD 9.06
GBPUSD USD 10.00
USDCAD USD 7.92
AUDUSD USD 10.00
EURCHF USD 8.00
EURJPY USD 9.06
EURGBP USD 17.98
Below, we have calculated the US Dollar value of a 1 pip movement for some of the more frequently traded currency pairs. Please note, all values are calculated using 100,000 units of the base currency (the left-hand currency in the pair).
What are PIPS?
Currencies are quoted using 5 significant digits. The last digit, called a "pip", represents the smallest potential move in an exchange rate, and is very similar to ticks or points in other financial products. In the example below, a 10 pip increase in the Ask price would result in a quote of 1.2287. Likewise, a 10 pip decrease in the Ask price would result in a quote of 1.2267. Half-pips are a more recent development offering traders even tighter spreads and more competitive and transparent accuracy in pricing. When trading foreign exchange, the value of a pip is dependent on two variables – the amount of currency and the currency pair.
USD Value of a Pip
9. Forward Outright
A Forward Outright is a trade that will commence at an agreed upon date (in the future). There is no centralized exchange for Forwards and forward trading is often customized to meet the needs of the buyer and seller. Forward Outrights are expressed as a price above (premium) or below (discount) the spot rate. The forward FX price is the sum of the spot price and the margin. This price is a reflection of the FX rate at the forward date where if the trade were executed at that rate there would be no profit or loss.
In the FX Trade module, if the Bid/Ask fields are highlighted green, then the platform is delivering a live-tradable price.
8. Spot Trades
A spot FX trade is an immediate execution of one currency against another at an agreed rate, settlement of which traditionally takes place two business days later. Finexo offers spot trading on streaming real-time prices for over 150 different currency crosses, with deep liquidity on the most liquid currency pairs.
As we are speculating on Forex and not actually taking delivery (settlement), positions are never allowed to reach their Value Date and are 'Rolled Over' to a new Value Date instead. So if the position we opened on Monday is still open on Tuesday, it will be closed then reopened again immediately at almost the same market price with the new Value Date of Thursday.
7. Tom-Next
Spot Forex positions are traded with a standard Value Date of 2 business days – the theoretical delivery date for the currency exchange if we were going to take delivery of a currency. For example, positions opened on Monday would have a Value Date of Wednesday.
A Trailing Stop Order is a stop order that has a trigger price that changes with the spot price. As the market rises (for long positions) the stop price rises according to the proportion set by the user, but if the market price falls, the stop price remains unchanged. This type of stop order helps an investor to set a limit on the maximum possible loss without limiting the possible gain on a position. It also reduces the need to constantly monitor the market prices of open positions.
5. If Done (ID)
These contingent trade orders, also known as slave orders become active only if the primary order is executed first. An example would be a working order to buy EURUSD at 1.2500 and a contingent order to sell at 1.2400 Stop if Bid – if the first order is done.
4. One Cancels Other (OCO)
This most common linked order, OCO, stipulates that if one part of the order is executed, then the other part is automatically canceled. In FX trading, OCO often refers to a buy order and sell order linked together so that when one of the orders is executed, the other is canceled. Consider the OCO as follows: the trader protects an existing position from loss (stop order) and ensures that profits are taken (limit order).
A Stop if Offer order is used to buy or sell a currency is the Ask price breaches the specific level in the price field. Typically, Stop if Offer orders are used to sell a FX position in order to make sure a certain level is broken.
Linking orders offers traders a logical aggregation of order types that outline contingencies in market participation, making it much easier to trade in moving markets.
2. Stop if Bid
A Stop if Bid order is used to buy or sell a currency is the Bid price breaches the specific level in the price field. Typically, Stop if Bid orders are used to buy a FX position in order to make sure a certain level is broken.
A limit order is commonly used to enter or exit markets at a specified price or better than the market price. In addition, a limit order allows the trader to manage the length of time that the order is current or outstanding before it is canceled.
Margin Order Types
The basic landscape in FX trading involves a number of order types that facilitate efficient transactions. Below, we have defined several of the most common terms.
The bid-ask spread is the buying and selling spread between two currencies. The bid price is the price at which the currency is sold. The ask price is the price at which the currency is bought. The difference between the bid price and the ask price is known as the bid-ask spread. The bid-ask spread differs between currency crosses with more common crosses (majors) having tighter spreads.
Currencies are always priced in pairs. All trades take place between two different currencies resulting in the concurrent purchase of one currency and sale of another. For example, when you trade EURUSD, the currency cross is Euros versus US dollars. One currency will be bought (long position) while the other currency is sold (short position).
What is the Forex market?
The online trading environment for foreign exchange encompasses the largest, most dynamic capital market in the world with more than USD 3 trillion traded daily. The Forex market is a continuous, 24/5 marketplace open from Sunday afternoon (4 PM EDT) through the close of the US markets on Friday (5 PM EDT). The Forex market is where investors can trade one currency against another currency.
With a state-of-the-art trading platform, the ability to trade with ease from anywhere via PDA and on-the-spot SMS market updates, Finexo is leading Forex trading into the future. Finexo’s development team is always working to create new products designed to help customers make the most of their trading experiences. Through Innovation, Finexo is leading the way in currency trading.
By improving the knowledge base and trading skills of the individual, Finexo is helping to create a new generation of global investor, one that is more diverse, in-tune to economic indicators and familiar with the political structure of the world. A well rounded investor and trader is a goal Finexo has for each of its clients.
Finexo’s primary belief is that the Forex market is not just for professional investors, traders and institutions, rather the Forex should be accessible to everybody. It has been the mission of Finexo to educate and guide individual investors while providing an unrivaled platform anyone can understand. By simplifying the process, educating investors and standing with them 24 hours a day, Finexo has become the premier Forex broker for every level of investor.
Finexo was established in 2003 by veterans of the global financial industry with the intention of bringing average investors into the Forex market. A market once thought to be exclusively for the elite, professional investors.
Finexo's system of commerce is governed by strict regulations and our corporate philosophy is based on the highest of standards with regard to our business practices. For our customers, this ensures that stringent quality control standards are being met and, in fact, exceeded. The regulations require that broker trading firms maintain enough liquid reserve capital to cover their deposits and operate under a fair and equitable principle of trade. From the beginning, Finexo’s founders made a determined effort to maintain the highest standards, complying with the stringent regulations governing much of the financial world was the first step towards that goal.
Welcome to Finexo, the elite broker trading and investing platform for the Forex exchange.
The Forex market is the safest, most liquid and most traded exchange in the world. With over 3 trillion dollars flowing through it each day, it is easy to see why Forex trading has become popular among the average investor. Yet, without proper Forex training, education and guidance, success at trading the Forex market is difficult. The Finexo Forex platform is designed to educate our clients and make the Forex markets easy and understandable.
Finexo provides clients with 24 hour customer service, top-rated Forex market updates and award winning, cutting edge technology, that provides Forex traders with the fastest possible execution on all of their trades.
Finexo's commitment to the individual Forex investor is paramount to our mission. Through our professionalism, knowledge and advanced technology, Finexo has rapidly become distributor to one of the most decorated and premier Forex platforms in the world.
Through the use of real-time Forex news, Forex updates, charts, graphs and a 24 hour support network, Finexo’s dedication to providing the most accessible, practical and successful way to trade Forex online is unmatched.
Limit orders are commonly used to enter a market and to take profit at predefined levels. Limit orders to buy are placed below the current market price and are executed when the Ask price hits or breaches the price level specified. (If placed above the current market price, the order is filled instantly at the best available price below or at the limit price.) Limit orders to sell are placed above the current market price and are executed when the Bid price breaches the price level specified.
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in.
From the Finexo Platform, you can buy and sell currencies instantly according to your desire. Our platform allows you to leverage your funds 100:1. Currently, the ForexWebTrader platform allows you to trade more than 45 different Currency pairs.
Margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than their actual account value. In the event that funds in the account fall below margin requirements, some or all open positions will close. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market.
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in.
Trading the foreign currency market, or the Forex Market, as it is commonly known, is the most developed financial market in the world. The Forex Market is not concentrated in any one exchange, rather the vast majority of forex trades are private deals between two parties in what is known as an 'Over the Counter' or OTC market. The currencies are traded and quoted in pairs such as Euro/U.S. Dollar or U.S. Dollar/Japanese Yen, where a deal is the combination of selling one currency while buying another currency at the same time.
Housing Starts
Housing Starts are a measure of the number of residential units on which construction is begun each month and the level of housing starts is widely followed as an indicator of residential construction activity.
The indicator is followed to assess the commitment of builders to new construction activity. High construction activity is usually associated with increased economic activity and confidence, and is therefore considered a harbinger of higher short-term interest rates that can be supportive of the involved currency at least in the short term.
Retail Sales
Retail Sales are a measure of the total receipts of retail stores. Monthly percentage changes reflect the rate of change of such sales and are widely followed as an indicator of consumer spending.
Retails Sales are a major indicator of consumer spending because they account for nearly one-half of total consumer spending and approximately one-third of aggregate economic activity.
Often, Retail Sales are followed less auto sales because these are generally much more volatile than the rest of the Retail Sales and can therefore obscure the more important underlying trend.
Retail Sales are measured in nominal terms and therefore include the effects of inflation. Rising Retail Sales are often associated with a strong economy and therefore an expectation of higher short-term interest rates that are often supportive to a currency at least in the short term.
Durable Goods Orders
Durable Goods Orders are a measure of the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. Monthly percent changes reflect the rate of change of such orders.
Levels of, and changes in, durable goods order are widely followed as an indicator of factory sector momentum.
Durable Goods Orders are a major indicator of manufacturing sector trends because most industrial production is done to order. Often, the indicator is followed but excludes Defence and Transportation orders because these are generally much more volatile than the rest of the orders and can obscure the more important underlying trend.
Durable Goods Orders are measured in nominal terms and therefore include the effects of inflation. Therefore the Durable Goods Orders should be compared to the trend growth rate in PPI to arrive at the real, inflation-adjusted Durable Goods Orders.
Rising Durable Goods Orders are normally associated with stronger economic activity and can therefore lead to higher short-term interest rates that are often supportive to a currency at least in the short term.
Payroll Employment
Payroll employment is a measure of the number of people being paid as employees by non-farm business establishments and units of government. Monthly changes in payroll employment reflect the net number of new jobs created or lost during the month and changes are widely followed as an important indicator of economic activity.
Payroll employment is one of the primary monthly indicators of aggregate economic activity because it encompasses every major sector of the economy. It is also useful to examine trends in job creation in several industry categories because the aggregate data can mask significant deviations in underlying industry trends.
Large increases in payroll employment are seen as signs of strong economic activity that could eventually lead to higher interest rates that are supportive of the currency at least in the short term. If, however, inflationary pressures are seen as building, this may undermine the longer term confidence in the currency.
Producer Price Index
The Producer Price Index (PPI) is a measure of the average level of prices of a fixed basket of goods received in primary markets by producers. The monthly PPI reports are widely followed as an indication of commodity inflation.
The PPI is considered important because it accounts for price changes throughout the manufacturing sector.
The PPI is often followed but excludes the food and energy components as these items are normally much more volatile than the rest of the PPI and can therefore obscure the more important underlying trend.
Studying the PPI allows consideration of inflationary pressures that may be accumulating or receding, but have not yet filtered through to the finished goods prices.
A rising PPI is normally expected to lead to higher consumer price inflation and thereby to potentially higher short-term interest rates. Higher rates will often have a short term positive impact on a currency, although significant inflationary pressure will often lead to an undermining of the confidence in the currency involved.
Consumer Price Index
The Consumer Price Index (CPI) is a measure of the average level of prices of a fixed basket of goods and services purchased by consumers. The monthly reported changes in CPI are widely followed as an inflation indicator.
The CPI is a primary inflation indicator because consumer spending accounts for nearly two-thirds of economic activity. Often, the CPI is followed but excludes the price of food and energy as these items are generally much more volatile than the rest of the CPI and can obscure the more important underlying trend.
Rising consumer price inflation is normally associated with the expectation of higher short term interest rates and may therefore be supportive for a currency in the short term. Nevertheless, a longer term inflation problem will eventually undermine confidence in the currency and weakness will follow.
Gross Domestic Product
The Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity available. Reported quarterly, GDP growth is widely followed as the primary indicator of the strength of economic activity.
GDP represents the total value of a country's production during the period and consists of the purchases of domestically produced goods and services by individuals, businesses, foreigners and the government.
As GDP reports are often subject to substantial quarter-to-quarter volatility and revisions, it is preferable to follow the indicator on a year-to-year basis. It can be valuable to follow the trend rate of growth in each of the major categories of GDP to determine the strengths and weaknesses in the economy.
A high GDP figure is often associated with the expectations of higher interest rates, which is frequently positive, at least in the short term, for the currency involved, unless expectations of increased inflation pressure is concurrently undermining confidence in the currency.
Trade Balance
The trade balance is a measure of the difference between imports and exports of tangible goods and services. The level of the trade balance and changes in exports and imports are widely followed by foreign exchange markets.
The trade balance is a major indicator of foreign exchange trends. Seen in isolation, measures of imports and exports are important indicators of overall economic activity in the economy.
It is often of interest to examine the trend growth rates for exports and imports separately. Trends in export activities reflect the competitive position of the country in question, but also the strength of economic activity abroad. Trends in import activity reflect the strength of domestic economic activity.
Typically, a nation that runs a substantial trade balance deficit has a weak currency due to the continued commercial selling of the currency. This can, however, be offset by financial investment flows for extended periods of time.
Trade Balance
The trade balance is a measure of the difference between imports and exports of tangible goods and services. The level of the trade balance and changes in exports and imports are widely followed by foreign exchange markets.
The trade balance is a major indicator of foreign exchange trends. Seen in isolation, measures of imports and exports are important indicators of overall economic activity in the economy.
It is often of interest to examine the trend growth rates for exports and imports separately. Trends in export activities reflect the competitive position of the country in question, but also the strength of economic activity abroad. Trends in import activity reflect the strength of domestic economic activity.
Typically, a nation that runs a substantial trade balance deficit has a weak currency due to the continued commercial selling of the currency. This can, however, be offset by financial investment flows for extended periods of time.
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THEMES TO WATCH – UPCOMING SESSION
US Jun. preliminary University of Michigan Confidence (1400)
US Treasury Secretary Geithner to Speak at G-8 News Conference (Sat 1330)
New Zealand Apr. Performance of Services Index (Sun 2230)
New Zealand Q1 Manufacturing Activity (Sun 2245)
Market Comment:
More verbal intervention out of Asia overnight as Japan's FinMin Yosano described Japan's confidence in US debt as "unshakable". But confidence in US debt was already evident yesterday with strong results from the latest treasury auction - this time the longest term 30-year US T-bonds. Strangely, the USD didn't react at all to the auction results, instead seeming to follow the ebb and flow in equity prices and then following through stronger in the European session today. There seem to be growing signs of an exhaustion in the weak USD move here, though we have yet to breach significant technical levels. The last four daily bars have seen strong moves in the opposite direction of the previous day's action.
Chinese data overnight seems to confirm the idea that the Chinese consumer is consuming and that industrial production is recovering, though anecdotal evidence suggests troubling trends and questions the strength of the recovery. The NY Times article about Chinese commodity buying yesterday noticed that lower grades of steel were being consumed in very large quantities as these are the types of metal associated with road building, etc., while higher grades associated with consumer products were seeing less demand.
The G-8 summit this weekend is unlikely to produce much of note for the FX market. There has been a reasonable noise level of late on the idea of reserve diversification into so-called IMF SDR's, but this kind of thing moves slower than molasses and the level of verbal intervention out of Asia would suggest that China and others won't want to be too loud about any diversification plans as this would be tantamount to a shooting themselves in the foot. Rather, the focus of the
G-8 most relevant for currencies is the discussion of "exit strategies", led, of course, by the German ueber-hawks, who, despite panic, worse-than-the-Great-Depression contractions in their export-related industries are worried about how the worlds' central banks are going to withdraw liquidity and extract itself from the programs that were enacted to prevent a complete meltdown of the financial system and economy.
It appears the USD strengthening today has a bit more conviction, and this is certainly supported in the comeback by US T-bonds yesterday and the correction in commodities - especially oil - today. Gold is also scratching to local new lows today, certainly confounding the old theme that no currencies are to be trusted. With six virtually unchanged days on the US equity indices having completely taken the momentum out of the shorter term bull move there, are we set up for a nasty correction now? The lack of any sizeable correction all the way up in risk appetite actually makes the risk for an ugly correction higher in our view. Look out for a dramatic volatility expansion if risk aversion develops here. ( See the AUDJPY chart below for the classic technical pattern that develops in these kinds of situations.)
Charts: EURUSD and AUDJPY
EURUSD - developing head and shoulders?
The technicals for the EURUSD chart are more than interesting if this sell-off deepens toward the 1.3800 area, which would complete the neckline for a rather compelling head and shoulders pattern. But already today we also have a key support area in the form of the 21-day moving average close to the day's lows around 1.3955. Further south, the key 1.3720 area support looms. A break there could see follow through all the way to the 200-day moving average down below 1.3400.