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Article

Dave Lavinsky

An online forex broker is a firm that facilitates retail trading using Internet technologies. Global Forex Trading (GFT), one of the popular online forex brokers. It provides retail traders with a free demo trading account, allows users to open a live account, gives live help, provides software called DealBook FX 2, and allows viewing of account documents. (DealBook FX 2 can be downloaded for the demo trading account).

Gain Capital Group�s Online Forex offers 200:1 leverage. In some cases, the total return on investment is higher due to leverage. For example, with $1000 cash in a margin account, the investor can control up to $200,000 in notional value. Of course, trading on leverage magnifies both the investor�s profits and losses.

GCI Financial Ltd. offers commission-free online trading in forex. GCI offers Internet trading software, fast and efficient execution, and 0.5% margin requirements. This broker offers USD or Euro denominated trading accounts. The spreads are 3 pips in EUR/USD and USD/JPY, and are 4 to 5 pips for other major commissions. Clients can hedge by opening positions in the same currency in opposite directions. Risk to the investor is limited to the deposited funds. Market analysis and research, real-time charts, and forex trading signals are available at no charge.

ACM, part of the REFCO group, offers 3 pip spreads on all major currencies, which works out to between 0.02% and 0.03% on the dollar value. They also offer commission-free trading, and forex trading with a 1% margin, which means that a trader can control $1,000,000 with $10,000 in his account.

There are many online forex brokers that offer free demo accounts for potential forex traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for forex trading. In addition, at most sites, traders can find free forex news to assist them with their trade strategies.

Forex Brokers provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. Forex Brokers is the sister site of Incorporating in Florida Web.

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FXstreet.com (Florida) - After falling around 100 pips from intra-day high at 1.0040, the Dollar has found support against the Canadian at the lowest level since October 31 at 0.9930. After that, the USD/CAD has been trading in consolidation mode in a ...

Forex: USD/CAD finds support at 0.9930 and close the week below parity

FXstreet.com (Córdoba) - The general weakness in USD seen after the 25 Jan FOMC is now less justifiable after the strong non-farm payrolls report, according to Shahab Jalinoos, strategist at UBS. "If US employment data remain this strong going forward ...

Forex Flash: USD now looks less vulnerable than it did before the NFP – UBS

[Reuters] The Australian dollar and other currencies from commodity-exporting countries rose on stronger than expected manufacturing activity in the euro zone, China, and Germany. [fxstreet.com]

Manufacturing Data Surprises, Risk Appetite Rises

Below is a graphic that compares the silver chart (from 2007 to today), to the gold chart (from 2008 to 2010) (all charts generated at fxstreet.com): The top chart is for gold and the bottom is for silver. I have highlighted how similar patterns exist on both charts.

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