Discover how to use Candlesticks with FX charts... the Steve Nison way!

Why Trade Forex

Foreign exchange is the world's largest financial market, and has been available to retail traders since 1999. This new and exciting global market offers opportunities unavailable in other categories.

WHY FOREX IS THE IDEAL ASSET CLASS

24-hour market
Trade on your own schedule, 24 hours a day, during normal market hours whenever the markets are open (Sunday 16:00 to Friday 16:30 Eastern Time)

Low transaction costs
No commissions on trades†

High leverage
Up to 400:1 - much higher than equities and futures trading allows††

Market volume helps facilitate price stability
With an average turnover of $3.2 trillion per day, Forex is the most traded market in the world
(Source: Bank for International Settlements, September 2007)

Start trading Forex today with FX Solution's GTS platform. Their technologically enhanced platform contains many features and professional tools designed to heighten your overall trading experience.

Sign up for a practice account
FX Solutions will give you $10,000 in practice funds to hone your skills as a Forex trader.

Please note: In the off-exchange, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction.

Forex Education

Foreign exchange trading is the simultaneous buying of one currency and selling of another. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

Unlike most financial markets, the foreign exchange market has no physical location and no central exchange. The Forex market operates through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. The major market makers, or dealers, consist of the commercial and investment banks, the exchange traded futures, and registered futures commission merchants (FCMs) such as FX Solutions. FX Solutions' dealing desk is open 24-hours a day from Sunday 16:00 to Friday 16:30 Eastern Time.

Foreign Exchange Prices

Foreign exchange markets and prices are mainly influenced by international trade flows and investment flows. The FX markets are also influenced, but to a lesser extent, by the same factors that influence the equity and bond markets: economic and political conditions especially interest rates, inflation, and political instability. Those factors usually have only a short-term impact, which makes Forex attractive as it offers some of the diversification necessary to protect against adverse movements in the equity and bond markets.

Foreign Exchange prices, or quotes, include a "Bid" and "Ask" similar to other financial products:

Bid: Price at which Dealer is willing to Buy and Traders can Sell Currency
Ask: Price at which Dealer will Sell and Traders can Buy Currency

The difference between the Bid and Ask is called the "Spread", which is the Trader's cost of the transaction.

Currencies are usually quoted to four decimal places, such as the Euro/US Dollar trading at 1.2400/1.2403, with the last decimal place referred to as a point or "pip". A pip for most currencies is 0.0001 of an exchange rate; the exception to this is all pairs that we offer with a JPY denominator have pips of .01.

Analysis of Foreign Exchange Markets

Foreign exchange traders generally fall into two groups and base their decisions on either technical analysis and fundamental analysis. Technical traders use charts, trend lines, support and resistance levels, mathematical models and other means to identify opportunities and drive trading decisions. Fundamental traders identify trading opportunities by analyzing economic information, such as interest rates, money supply and political/economical macroeconomic factors. Additionally, some traders take short-term positions and trade frequently while others are long-term, buy and hold traders.

For more education on FX basics please go to CLICK HERE

†FX Solutions is compensated through a portion of the bid / ask spread.
††FX Solutions asks that you consider the risks associated with increasing your leverage. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit; this may work against you as well as for you. You may sustain a total loss of initial margin and you may be required to deposit additional funds to cover a short margin position. Flexible leverage is available for self-traded accounts only (does not apply to managed accounts).

Privacy Policy

*FX Solutions, LLC believes that customers should be aware of the risks associated with over-the-counter, spot Forex. In the off-exchange, also called the over-the-counter market, a retail customer trades directly with a counterparty and there is no exchange or central clearing house to support the transaction.Forex trading is highly speculative in nature which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high degree of leverage is obtainable in foreign exchange trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle.