MetaTrader is an online trading complex designed to provide broker services to customers at Forex, Futures and CFD markets.This is a whole-cycle complex, which means that you will not need any other software to organize your broker services when using MetaTrader..
Tuesday, December 1, 2009
Online Meta Trader :
Posted by nikhil at 3:23 AM
Forex Market News: U.S. Dollar Showing A Little Strength
United States currency boosted a little bit next to other big currencies in Syndey during morning trade today after its overnight drop. Not to mention, this rise occurred despite the Dow dropping almost two percent due to some uneasy issues regarding financial markets & credit.However, the dollar is still weak next to the euro, yen and sterling while the Industrial Average for the Dow Jones decreased by 237.44 points. Unfortunately, this is a result of some not-so-good news coming from Citigroup and HSBC Holdings. Citigroup Inc. is apparently looking at some major losses in regards to credit in the fourth quarter of this fiscal year and as a result there might be a handful of lay-off's that could follow.
Posted by nikhil at 3:17 AM
Forex Magic Machine:
The Forex Magic Machine robot has received plenty attention in the last few days. It has been asked that this 3 version master Advisor has
revolutionized the forex market.
MegaDroid's performance has been tested for 10 years and it has been proved to be consistent if not magic. This is extremely rare for a forex robot to do! Very few robots out there can money back your investment over a short period of time.
The Forex Magic Machine has the only three robots in the market that uses the RIPPE technology, which allows it to trade any type of forex market as it learns and corrects itself continuously. The only bad thing is to get your hands on the gold and platinum editions is that you need to buy the standard version first. The gold and platinum versions are limited editions and they make money hand over fist.
You can start trading immediately, even with a live account of as little as $250. In fact, with Forex Magic Machine you can trade with any forex broker that has a metatrader 4 platform.
You can use it even if you have no previous experience, because it's a true install and go system.
Richard Stevenson, the creator of The Forex Magic Machine, has spend 10 years of his life which made it possible for him to create a forex robot, which magic has never been seen before!
Posted by nikhil at 3:01 AM
Saturday, October 31, 2009
Being Prepared
FOREX Planning will Keep You from Losing Money
With a little FOREX planning you are prepared for every situation you may face in your trading. This FOREX planning helps to ensure you’ll be consistent in your trading no matter what happens. To make sure you cover everything, your Forex planning should consider:
* Rules for entering, adding to, and getting out of your positions.
* An action plan in case your trading computer, internet connection, broker, power, telephone etc. break down, or fails to be of any real use.
* What you will do if you are unable to trade.
* What you will do if you lose a certain percentage of your account
* What you will do if all the markets are closed and you can’t get out of your current positions.
Unless you have answers for all these scenarios, you stand a good chance of losing money and should invest in some FOREX planning. With the answers, and discipline you’ll be able to tell if you trading system needs to be tweaked, or if it’s just the markets.
Posted by nikhil at 8:37 PM
Finding t FOREX Broker
It’s not always easy to know what to look for in a broker in any market, much less a market as complex as the FOREX. But, if you want to trade in FOREX you need a FOREX broker. While it might be tempting to simply ask the FOREX brokers what they can do for you, you can’t always depend on them to give you a straight answer. Here are a few things to consider when choosing your FOREX broker.
You will want a broker that has low spreads. Since FOREX brokers don't charge a commission, this difference is how they make money. Low spreads will save you money.
Along with this, you should be looking for a broker attached to a reputable institution.
Unlike equity brokers, FOREX brokers are usually attached to large banks or lending institutions. The broker should also be registered with the Futures Commission Merchant (FCM) as well as regulated by the Commodity Futures Trading Commission (CFTC).
Once you’ve narrowed your choices down to brokers that won’t cost you too much, and that are reputable, consider the trading tools that they are offering you. FOREX brokers have many different trading platforms for their clients, just like brokers in other markets. These often show real-time charts, technical analysis tools, real-time news and data, and may even offer support for the various trading systems.
Before you commit to any one broker, request free trials of their tools. Brokers generally provide technical as well as fundamental commentaries, economic calendars, and other research to help you make good trades. Shop around until you find a broker who will give you what you need to succeed.
Posted by nikhil at 8:35 PM
About Forex Trading Signals
It is in the year 1997 that forex was first introduced and started working. It is the biggest currency market of today, involving millions of traders and nearly two trillion dollars. It is risky and fast, requiring from you to be smart and able to take fast decisions. Every day new and new people are deciding to start their own forex business. Before you begin trading, there are a lot of things you have got to know. You can not just venture into forex trading without knowing at least the bas
Posted by nikhil at 8:33 PM
Saturday, October 24, 2009
How to Pick a Money Manager
many forex traders use money managers to deal with the profits they are not trading with in the forex market, or to manage all their investments for an extended amount of time. The best money managers employ a number of experts in different areas of finance, business and economics.
Picking the right money manager is one of the most important decisions you will make with your money. The track records of different money managers vary far more than you would think, and a good money manager can make the difference between your retirement being spent in an apartment outside your favorite city, or on a yacht outside the port of your Caribbean island of choice.
Most quality money managers derive the bulk of their income from taking a small percentage of the size of the accounts they manage. That way, they have it in their interest to see your account to grow.
Avoid money managers that charge significant transactions-based fees. You will have an inherent conflict of interest with any money manager that sees his income grow in a significant way from anything other than the size of the accounts he manages.
Even those systems based on annual profits raise fundamental conflicts of interest. It entices the money manager to pursue overly risky investments: He or she won't have to pay you during the years your account suffers losses, but the years that see record profits, the manager gets a percentage of that.
After looking at how, exactly, your money manager earns his income, you should next examine his record. Looking at the is annual returns is not enough. These should, of course, be high. Indeed, they are the single most important detail in a money manager's reputation. But you should also examine his investment strategy. Do you think it will be a good strategy for the future? Does he base his decisions on thorough research? Does it seem like he is biased towards investments in sectors that you don't think are going to fare well in the future? All of these questions are important, and are well worth the time it takes you to answer
Posted by nikhil at 10:08 PM
Swing Trading Strategy
Swing trading is a style of trading used in the forex market or with high-cap stocks that aims to make gains by holding positions for a period ranging from one day to one week on average. Other than day trading, it is the most short term style of trading.
Swing trading is a broad term that encompasses several different distinct trading styles, among them range trading, trend trading, and counter-trend trading. See our articles on those topics for more information. It is generally used more often by technical traders. Bolinger bands are perhaps the most useful tool to use when practicing swing trading, and most forex companies offer
The short term nature of swing trading makes it particularly effective for forex traders. In general, the lack of commission fees or significant spreads at most brokerages makes most strategies that are based on short term trades aptly suited to the forex market.
Posted by nikhil at 10:01 PM
Creating a Trading Plan
t is generally a good idea to create a trading plan ahead of time. Some trading strategies are more conducive to long term planning than others. Day trading and scalping, for instance, can't be planned too far in advance, as both largely rely on the trader's almost instinctive reactions to the market as it moves and changes throughout the day.
But for most trading strategies – even for most types of swing trading – creating a preset plan is an important part of investing. Paradoxically, it is also important to have the ability to change your plans if things do not seem to be going as predicted. Having the discipline to stick to a plan, but knowing when to drop a trading plan like a bad habit is one of those aspects of forex trading that simply has to be learned with time – and a constant yearning to refine your trader's instincts.
Perhaps the most important part of a trading plan are the goals you set. Not in the general sense – everybody's goal is to make a lot of money – but in the very specific sense of how much profit are you seeking with each specific trade. You should know ahead of time when you think the market is going to turn, and you should set your sell orders accordingly. These exits points are critical to your success as a trader.
The little brother of the exit point is the entrance point. A good general strategy is to plot out where the support is that day, and make you purchase at a relatively calm time in the market when your currency pair nears its support line.
Before you do make your purchase, though, you should evaluate how much loss you are willing to tolerate. What is the expected volatility? How confident are you that a break out trend or whatever phenomenon you are looking for is actually going to happen? These are all questions your should ask yourself when you are making your plan and deciding where to place your stop orders.
Management of your capital is perhaps the least exciting part of being a trader, but it is the single most important variable in your plan – not because of the potential reward from proper money management, but because you risk taking a hit you can not get back up from if you invest too much. Similarly, spreading your risk out over various currencies or other investments is of critical importance.
The process of creating an explicitly written out trading not only leads to a very useful document, it also forces you to review your thinking and to look for weaknesses in your strategy and for potential pitfalls in your final plan. Like any important creative process, it forces you to take a second look at your assumptions and to justify certain conclusions that you may have taken for granted.
Posted by nikhil at 10:00 PM
How to Trade Synthetic Crosses
The trader accomplishes this by going long on one currency and short on the other. For example, let's say a trader would like to synthesize a Canadian dollar/Japanese yen pair – CAD/JPY. He or she would go short on, say, $10,000 worth of the loonie, and go long another $10,000 on the Japanese yen.
It's difficult to find graphing services for synthetic pairs. Google and Yahoo both offer services that are adequate, but neither really goes all out with extensively customizable charting options. That being said, they work well enough, and should be enough for you to track your synthetic pairs.
When one half of your synthetic pair comes from a currency pair that is usually listed with the USD last, make sure you convert the pair appropriately.
For instance, if you were making a currency pair with the euro, you would take the current value of the EUR/USD and divide your desired dollar amount by that number. So, if you were purchasing $100,000 worth of one currency and $100,000 of the EUR/USD, and the current value of the euro was a painfully high $1.58, you would want to purchase $100,000/1.58 worth of euros, or $63,291.
Synthetic pairs are more work, but they open up a considerable number of new options for the trader. They are not genuine currency pairs, but they protect the trader from variations in the third pair just enough that they behave like something close to an actual currency pair.
Posted by nikhil at 9:57 PM
Best Forex Signals
The Best Forex Signals with Tracked Performances
ZuluTrade provides verified track records of a wide range of third-party signal providers where you can choose the system you want to auto trade your account. You can find and pick the best forex signals rated through …
Posted by nikhil at 9:49 PM
Tuesday, August 25, 2009
Why Trade the FOREX?
My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.
So now, let's compare features of currency trading to those of stock and commodity trading.
Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.
Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.
Posted by nikhil at 8:00 AM
Explosive Profits
Explosive Profits: 7 Reasons to Trade Forex
There are many money-making opportunities out there and we've been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.
We've come to a few conclusions with the help of some well-known properity coaches.
Often people with the income they desire don't have the time to enjoy it. Those that have time don't often have money. You don't have to sacrifice your life-style to earn an above-average income. If you focus on the for a few months you can make that dream a reality and create time and money to do what you REALLY want.
To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it's a repeat type of product or service.
Money is a medium of exchange. There's no magical formula to possess it, you need to exchange something of value for it.
Posted by nikhil at 7:57 AM
Forex The Future Investment
There are many many advantages over the various other ways of investing. First of all it is a 24 hr market, except for weekends of course. You have the US market then the european and then the Asian. One of the great times to trade is during the over lapping periods. The USA and european overlap between 5am & 9am eastern and the Euro & Asian between 11pm & 1am eastern. Usually the busiest time and best to trade.
The is also the risk factor for the accounts. With futures and options you can get margin calls that can wipe you out. If you get caught in a bad trade not only do you lose the money in the account but you may have to come up with alot more from your pocket. It can be very risking. But not in Forex. Worst case senerio you could lose whats in you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day and leave it alone. If market takes a bad move and you weren't there. OOOPS. But That wouldn't happen with a smarth trader.
Then there are the demo accounts which is an account where you can trade using all the right things, platform,charts,and information. But you are using play money, or what we call paper trading too.
Posted by nikhil at 7:55 AM
Investing in Forex
Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.
Posted by nikhil at 7:52 AM
Advantages of the Forex Market
What are the advantages of the Forex Market over other types of investments?
When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a "mini account", which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each "pip" or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.
The Forex market is also very liquid. When trading Forex you have full control of your capital.
Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control
Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Forex traders can make a profit during up trends and downtrends. Forex Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.
Posted by nikhil at 7:51 AM
Sunday, August 23, 2009
Foreign Exchange
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as a bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.
As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.
Overview
Foreign exchange, Forex or just FX are all terms used to describe the trading of the world's many currencies. The Forex market is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs.
Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.
Trading Forex
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.
The most important Forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.
Posted by nikhil at 12:39 PM
History
Brief history of Forex trading
Initially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a system encouraged establishing more generally accepted means of exchange at a fairly early stage in history, to set a common benchmark of value. In different economies, everything from teeth to feathers to pretty stones has served this purpose, but soon metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.
Originally, coins were simply minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.
Before World War I, most central banks supported their currencies with convertibility to gold. Although paper money could always be exchanged for gold, in reality this did not occur often, fostering the sometimes disastrous notion that there was not necessarily a need for full cover in the central reserves of the government.
At times, the ballooning supply of paper money without gold cover led to devastating inflation and resulting political instability. To protect local national interests, foreign exchange controls were increasingly introduced to prevent market forces from punishing monetary irresponsibility.
In the latter stages of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The Bretton Woods Conference rejected John Maynard Keynes suggestion for a new world reserve currency in favour of a system built on the US dollar. Other international institutions such as the IMF, the World Bank and GATT (General Agreement on Tariffs and Trade) were created in the same period as the emerging victors of WW2 searched for a way to avoid the destabilising monetary crises which led to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that partly reinstated the gold standard, fixing the US dollar at USD35/oz and fixing the other main currencies to the dollar - and was intended to be permanent.
The Bretton Woods system came under increasing pressure as national economies moved in different directions during the sixties. A number of realignments kept the system alive for a long time, but eventually Bretton Woods collapsed in the early seventies following president Nixon's suspension of the gold convertibility in August 1971. The dollar was no longer suitable as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.
Posted by nikhil at 12:34 PM
Forex Trading Basics
The global foreign exchange market is the biggest market in the world. The 3.2 trillion USD daily turnover dwarfs the combined turnover of all the world's stock and bond markets.
There are many reasons for the popularity of foreign exchange trading, but among the most important are the leverage available, the high liquidity 24 hours a day and the very low dealing costs associated with trading.
Of course many commercial organisations participate purely due to the currency exposures created by their import and export activities, but the main part of the turnover is accounted for by financial institutions. Investing in foreign exchange remains predominantly the domain of the big professional players in the market - funds, banks and brokers. Nevertheless, any investor with the necessary knowledge of the market's functions can benefit from the advantages stated above.
In the following article, we would like to introduce you to some of the basic concepts of foreign exchange trading. If you would like any further information, we suggest that you sign up for a FREE Membership on this website, where you will be able to exchange views with other Forex traders and get answers to any questions you might have.
Margin Trading
Foreign exchange is normally traded on margin. A relatively small deposit can control much larger positions in the market. For trading the main currencies, Saxo Bank requires a 1% margin deposit. This means that in order to trade one million dollars, you need to place just USD 10,000 by way of security.
In other words, you will have obtained a gearing of up to 100 times. This means that a change of, say 2%, in the underlying value of your trade will result in a 200% profit or loss on your deposit. See below for specific examples. As you can see, this calls for a very disciplined approach to trading as both profit opportunities and potential risks are very large indeed. Please refer to our page Forex Rates & Conditions for current Spreads, Margins and Conditions.
Base Currency and Variable Currency
When you trade, you will always trade a combination of two currencies. For example, you will buy US dollars and sell euro. Or buy euro and sell Japanese yen, or any other combination of dozens of widely traded currencies. But there is always a long (bought) and a short (sold) side to a trade, which means that you are speculating on the prospect of one of the currencies strengthening in relation to the other.
The trade currency is normally, but not always, the currency with the highest value. When trading US dollars against Singapore dollars, the normal way to trade is buying or selling a fixed amount of US dollars, i.e. USD 1,000,000. When closing the position, the opposite trade is done, again USD 1,000,000. The profit or loss will be apparent in the change of the amount of SGD credited and debited for the two transactions. In other words, your profit or loss will be denominated in SGD, which is known as the price currency. As part of our service, Saxo Bank will automatically exchange your profits and losses into your base currency if you require this.
Posted by nikhil at 12:33 PM
Forex trading examples
Example 1
An investor has a margin deposit with Saxo Bank of USD 100,000.
The investor expects the US dollar to rise against the Swiss franc and therefore decides to buy USD 2,000,000 - 2% of his maximum possible exposure at a 1% margin Forex gearing.
The Saxo Bank dealer quotes him 1.5515-20. The investor buys USD at 1.5520.
Day 1: Buy USD 2,000,000 vs. CHF 1.5520 = Sell CHF 3,104,000.
Four days later, the dollar has actually risen to CHF 1.5745 and the investor decides to take his profit.
Upon his request, the Saxo Bank dealer quotes him 1.5745-50. The investor sells at 1.5745.
Day 5: Sell USD 2,000,000 vs. CHF 1.5745 = Buy CHF 3,149,000.
As the dollar side of the transaction involves a credit and a debit of USD 2,000,000, the investor's USD account will show no change. The CHF account will show a debit of CHF 3,104,000 and a credit of CHF 3,149,000. Due to the simplicity of the example and the short time horizon of the trade, we have disregarded the interest rate swap that would marginally alter the profit calculation.
This results in a profit of CHF 45,000 = approx. USD 28,600 = 28.6% profit on the deposit of USD 100,000.\
Example 2:
The investor follows the cross rate between the EUR and the Japanese yen. He believes that this market is headed for a fall. As he is not quite confident of this trade, he uses less of the leverage available on his deposit. He chooses to ask the dealer for a quote in EUR 1,000,000. This requires a margin of EUR 1,000,000 x 5% = EUR 10,000 = approx. USD 52,500 (EUR /USD 1.05).
The dealer quotes 112.05-10. The investor sells EUR at 112.05.
Day 1: Sell EUR 1,000,000 vs. JPY 112.05 = Buy JPY 112,050,000.
He protects his position with a stop-loss order to buy back the EUR at 112.60. Two days later, this stop is triggered as the EUR o strengthens short term in spite of the investor's expectations.
Day 3: Buy EUR 1,000,000 vs. JPY 112.60 = Sell JPY 112,600,000.
The EUR side involves a credit and a debit of EUR 1,000,000. Therefore, the EUR account shows no change. The JPY account is credited JPY 112.05m and debited JPY 112.6m for a loss of JPY 0.55m. Due to the simplicity of the example and the short time horizon of the trade, we have disregarded the interest rate swap that would marginally alter the loss calculation.
This results in a loss of JPY 0.55m = approx. USD 5,300 (USD/JPY 105) = 5.3% loss on the original deposit of USD 100,000.
Example 3
The investor believes the Canadian dollar will strengthen against the US dollar. It is a long term view, so he takes a small position to allow for wider swings in the rate:
He asks Saxo Bank for a quote in USD 1,000,000 against the Canadian dollar. The dealer quotes 1.5390-95 and the investor sells USD at 1.5390. Selling USD is the equivalent of buying the Canadian dollar.
Day 1: Sell USD 1,000,000 vs. CAD 1.5390. He swaps the position out for two months receiving a forward rate of CAD 1.5357 = Buy CAD 1,535,700 for Day 61 due to the interest rate differential.
After a month, the desired move has occurred. The investor buys back the US dollars at 1.4880. He has to swap the position forward for a month to match the original sale. The forward rate is agreed at 1.4865.
Day 31: Buy USD 1,000,000 vs. CAD 1.4865 = Sell CAD 1,486,500 for Day 61.
Day 61: The two trades are settled and the trades go off the books. The profit secured on Day 31 can be used for margin purposes before Day 61.
The USD account receives a credit and debit of USD 1,000,000 and shows no change on the account. The CAD account is credited CAD 1,535,700 and debited CAD 1,486,500 for a profit of CAD 49,200 = approx. USD 33,100 = profit of 33.1% on the original deposit of USD 100,000.
Posted by nikhil at 12:32 PM
How to Trade Forex
trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.
The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.
The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.
Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and real-time account overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements.
Posted by nikhil at 12:28 PM