FOREX MAKETING / FOREX TRADING / FOREX ANALYSIS

Deutsche Bank currency strategist noted that so far the fundamental factors that indicate the possibility of appreciable change in the currency market soon, was not observed, but the volatility indicators signal that the risks out of the euro settled range. The bank drew attention to the fact that the negative signals from the relevant economic statistics can be a catalyst for a movement or to support the dollar, and advised to closely monitor reports on the U.S. labor market. The latter, according to analysts, will point to the reduction in the number of jobs in August at 230 000 and rising unemployment from 9.4% to 9.5%. However, if the market will see stronger performance, appetite for risk may be exacerbated, and analysts at Calyon such developments is recommended to monitor the resistance around $ 1.4340. If the bulls can end the day and week above this mark, next week the positive dynamics can be pursued further, but at Calyon not yet expect to see substantial strengthening of the euro.

Monday, Aug 10, 2009, 14:38 GMT
By John Hardy Consultant/FX Strategist Saxo Bank
Key days ahead for USDJPY as FOMC meeting likely to help decide whether rally is overambitious or a sign of more to come.
USD shaking off past behavior as positive employment sees USD strength. EURUSD looking to follow up on correction lower this week?
MAJOR HEADLINES – PREVIOUS SESSION
New Zealand Jul. QV House Prices fell -5.0% YoY vs. -7.1% in Q1.
Japan Jun. Adjusted Current Account Total out at ¥1799B vs. ¥1350B expected
Japan Q2 Housing Loans rose 0.4% YoY vs. 3.5% in Q1
Australia Jun. Home Loans rose 1.1% vs. 1.8% expected
Japan Jul. Preliminary Machine Tool Orders fell -72.2% YoY vs. -72.8% in Jun.
Norway Jul. CPI out at -0.6% MoM and underlying CPI at -0.6% vs. -0.2%/-0.2% expected.
THEMES TO WATCH – UPCOMING SESSION
(All times GMT)
UK Jul. BRC Retail Sales Monitor (2301)
UK Jul. RICS House Price Balance (2301)
Australia Jul. NAB Business Conditions/Confidence (0130)
China Jul. Producer/Purchasing Price Index (0200)
China Jul. CPI (0200)
China Jul. Retail Sales (0200)
China Jul. Industrial Production (0200)
China Jul. Trade Balance (no time given)
Japan BoJ Target Rate (no time given)
Japan Jul. Consumer Confidence (0500)
Market Comments:
Friday saw a watershed break from recent behavior in the USD, as the extension in the equity market rally failed to punish the greenback - a pattern we have seen so many times in the recent past. The Yen was the biggest loser vs. the dollar initially as bonds also came under significant pressure in an all-out riskfest immediately after the US employment report. But the European currencies have opened the new week here on a weaker note as equity markets have corrected lower after the rather limp US close on Friday and the JPY has taken back some of the lost territory vs. especially the pound sterling. Speaking of stock markets around the world, it is interesting to note that the Shanghai composite has had a rough going over the last several sessions and that many of the EM currencies are also finding it tougher to move stronger against the "safer" USD and Euro. So despite signs of continued optimism in some of the biggest markets, there are signs that risk appetite is waning a bit at the fringes of the market.
A very interesting article from Bloomberg today has China accusing Australia's Rio Tinto of "spying" and costing Chinese steel producers some $100+ billion over a 10-year period. It is a bit surprising that the story has not weighed more on the Aussie, as one can only wonder if any follow up move by the Chinese authorities down the road could have them bullying Australian companies in some way or even sanctioning them. China is set to release a raft of data tonight. It is becoming consensus knowledge that the Chinese numbers are fiction, so it is far more interesting to see how the markets react to the data than it will be to read the data and try to glean anything from it.
With last week's last day providing a very interesting pivot point in the market, it makes this week critical for the follow up action. The USD seems to have pivoted to the strong side and could be at least set for at least a consolidation to the strong side. The JPY was very weak on Friday, but it has been extremely rare to see, for example, a falling EURUSD and rising EURJPY simultaneously for any extended period of time, so the JPY will bear a good deal of watching, especially at this Wednesday's FOMC meeting and release of the new monetary policy statement. Has the BoE set the example by insisting on a very cautious stance and even expanding the QE programs as data has shown signs of recovery, comfortable in the face of enormous slack in capacity utilization and employment?
Any shock to the upside in bonds (fall in yields) this week as the 10-year yield approaches the critical 4% level - something the Fed probably eyes with extreme distaste unless it is buying what the green shootists are selling - could see the JPY pivot quickly back to the strong side. The JPY has been a tough nut to crack lately. The last time it had anything approaching as poor a performance as it saw on Friday, it marked a bottom and the JPY appreciated strongly for four or five weeks.
Chart: EURUSDA look at the weekly EURUSD chart shows the strong reversal from the attempt to new highs since the December spike. This sets up expectations for a try back lower to the lower end of the previous range. The first stress test comes with the rising trendline and then the more significant structural support in the 1.3750 area defined by an old high and retest combination (the orange flatline below). The 40-week (200-day) moving average is not in play anytime soon, but will rise rapidly in coming weeks.

More analysis: saxo bank market news and analysis
Risk Warnings:
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
Please read our full Analysis Disclosure & Disclaimer at

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.
The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.

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.
The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.

Top Forex news From all Over the World

Russian Ruble Rises as Oil Hits Six-Month High:
The Russian Stock Market posted a week of gains as the price of oil is rose,Pushed by rising demand in Asia.

• 
  
  XE.com
• 
  
  FXConverter by OANDA.com
• 
  
  Yahoo! currency converter
• 
  
  X-Rates.com

Price shading is a practice used by forex brokers when they think that the price of a particular currency is on a rising trend. In this case, the broker may choose to add a pip or two to the currency quote. This gives a broker an advantage over its customers. Fortunately, this practice doesn't have to be a strike against traders. Read on to learn more about shading and what you can do to limit its effects if it's happening in your account.

What Is Price Shading?
Before we get into the details of price shading, it is important to remember some background information regarding the forex spot market.

The forex spot market is an interbank market. Banks trade with and among each other. Therefore, prices are created according to the bids and offers of the largest and most liquid banks in any one particular currency. This type of trading is neither regulated nor available in a formal exchange such as a stock market. Therefore, the spot forex market is also referred to as an over-the-counter market. (For more insight, see The Foreign Exchange Interbank Market.)

The interbank prices of currencies are displayed as streaming prices on terminals, such as Reuters or Bloomberg. All the major banks, hedge funds, forex traders and multinationals use these prices to trade with each other. (Learn about the forex market in our Forex Market Tutorial.)

Brokers have accounts with one or more of the banks; they have access to the price offers and bids and can trade directly with the banks. However, brokers usually do not offer the same price that they receive from the banks to their retail customers. Instead, they mark up the price to include a profit for themselves.

Brokers have to make a profit, too, and some go even farther by "price shading," which is the practice of adjusting their prices to gain an advantage over their customers.

How Do They Do It?
First let's look at what a broker usually does. In general, brokers will receive a series of prices from the banks with which they have accounts and then will fix prices based on the aggregate prices they receive. This is the price they offer to their customers, once they have added a margin for themselves. So, for example, if they receive a price of 52 – 53 on 41 when trading the euro, it means that their bank will sell them a euro for $1.4153 or buy it from them for $1.4152. If the broker wants to offer this trade to a retail customer, a margin will be added and the broker will offer to sell it for $1.4154 or to buy it for $1.4151 - a three-point spread. Many brokers offer a fixed spread such as this.

Shading the Price
Some brokers will assess the order flow coming in and might determine that there are many more customers interested in the buy side than the sell side. Because this order flow is from retail customers - and they tend to be wrong - the broker will adjust this offer to charge a little more to all the buyers. This will bias, or "shade", the spread to 1.4155 on the offer and 1.4152 on the bid. Thus the buyer pays a little more and the broker increases profit. The broker believes that the market will sell off and, therefore, will accept the risk of shading the spread.

Why It Works
If there are 100 buyers and 100 sellers, the broker makes one pip on each trade, for 200 pips total. But, if there are 150 buyers and 50 sellers the broker shades the price to two pips for the 150 buyers and no profit for the 50 sellers. This results in a total of 300 pips profit. (Learn more about finding a broker in Forex: Wading Into The Currency Market.)

Detecting Price Shading
The only real way to tell if a broker is price shading is by having a terminal from Reuters or Bloomberg or dealing with a broker that provides "straight-through processing." You could also open an account with two brokers, one with a dealing desk and one with straight-through processing. Typically, dealers that provide straight-through processing do not have a dealing desk and instead charge a commission, such as 50 cents per $10,000 traded, instead of manipulating the spread.

This will allow you to observe whether a broker is consistently higher on the buy side of the interbank rates or consistently lowers on the sell side of the interbank rates. (There are three types of commissions used in this market. Learn how to get the best deal in How To Pay Your Forex Broker.)

Beating a Broker at His Own Game
Price shading does not have to be a total negative for traders. It may seem that your broker is being unscrupulous, but you can use his practices to your advantage. For example, if you can detect that your broker's pricing is consistently biased to one side or the other, it is usually because the majority of the orders coming in from retail customers are biased to one side or the other, creating an order flow imbalance. Because the majority of retail traders are usually wrong, there could be an opportunity to trade against the bias by selling, if the bias is on the buy side, or by buying if the bias is on the sell side. By going against the bias you would also be going against the majority of the other retail traders. If they are mostly wrong, you will be mostly right.

In addition, because the broker has moved the spread to disadvantage the majority of traders, which in the above example were buyers, your broker will have created an advantage for the sellers, who will then be able to enter their positions at a better price than if the broker didn't shade.

The broker also stands to lose if the market goes in favor of the buyers, but generally the broker knows what he is doing and the traders don't. If you have a broker with a dealing desk and you can detect a shading bias in his pricing policies, look out for the bias and trade in the opposite direction. You may just be able to beat the broker at his own game. (Before entering this market, you should define what you need from your broker and from your strategy. Check out Getting Started In Forex.)

Shading Vs. Slippage
Finally, don't confuse price shading with slippage. Slippage is a phenomenon of fast markets and poor liquidity. If a market moves really fast, you may not get filled at the price you see quoted because by the time your order has hit the market, the price may have moved away from where you thought you were going to be executed. To overcome slippage, use limit orders or place your order between the spread. The downside is that you may not be filled if the market moves away from your order. Sometimes it is better to pay the slippage but get the position. This is a personal judgment call. (Read more in What are the rules for placing stop and limit orders in forex?)

Get a Cream-of-the-Crop Broker
When it comes to price shading, the best way to come out ahead is to do your research well. Check out many brokers so that you clearly understand their commission structures and how they get paid. There is no free lunch. A broker is in the business to make a profit, just like you. Try to find a broker whose business practice is transparent and straightforward, but don't be too greedy - you have to pay a commission in some form or another. If a broker says he is not charging a commission, ask yourself how he is making money. Better still, ask the broker directly and always read the broker's documentation. You can also check out the forums and reviews. A good broker's name is like cream - it will always rise to the top.

1: What is a forex broker?

2: Easy Income Source that can be happening in One Day


3: Learn the Simple Forex Market


4: Automated Forex Trading System


5: Forex Signals Providers - Are They Really Worth Your Money?


6: Can You Make Money Online Trading Forex?


7: Online Forex Resources Are Abundant


8: Fap Turbo VS Mega Droid: Which Forex Bot is better?


9: Forex Trading For Beginners - 10 Essential Tips For Forex Trading Success


10: Forex Trading Education - 5 Key Points That Will Make You Successful When 95% of Traders Lose

A currency option is a contract between a buyer and a seller that gives the buyer the right, but not the obligation, to trade a specific amount of currency at a predetermined price and within a predetermined period of time, regardless of the market price of the currency; and gives the seller, or writer, the obligation to deliver the currency under the predetermined terms, if and when the buyer wants to exercise the option.

Currency options are unique trading instruments, equally fit for Speculation and hedging. Options allow for a comprehensive customization of each individual strategy, a quality of vital importance for the sophisticated investor. More factors affect the option price relative to the prices of other foreign currency instruments. Unlike spot or forwards, both high and low volatility may generate a profit in the options market. For some, options are a cheaper vehicle for currency trading. For others, options mean added security and exact stop-loss order execution.

Currency options constitute the fastest-growing segment of the foreign exchange market. As of April 1998, options represented 5 percent of the foreign exchange market. The biggest options trading center is the United States, followed by the United Kingdom and Japan. Options prices are based on, or derived from, the cash instruments. Therefore, an option is a derivative instrument. Options are usually mentioned vis-à-vis insurance and hedging strategies. Often, however, traders have misconceptions regarding both the difficulty and simplicity of using options. There are also misconceptions regarding the capabilities of options.

In the currency markets, options are available on either cash or futures. It follows, then, that they are traded either over-the-counter (OTC) or on the centralized futures markets.

The majority of currency options, around 81 percent, are traded over the- counter. The over-the-counter market is similar to the spot or swap market.

Corporations may call banks and banks will trade with each other either directly or in the brokers' market. This type of dealing allows for maximum flexibility: any amount, any currency, any odd expiration date, and any time. The currency amounts may be even or odd. The amounts may be quoted in either U.S. dollars or foreign currencies.

Any currency may be traded as an option, not only the ones available as futures contracts. Therefore, traders may quote on any exotic currency, as required, including any cross currencies.

The expiration date may be quoted anywhere from several hours to several years, although the bulk of dates are concentrated around the even dates—one week, one month, two months, and so on. The cash market never closes, so options may be traded literally around the clock.

Trading an option on currency futures will entitle the buyer to the right, but not the obligation, to take physical possession of the currency future. Unlike the currency futures, buying currency options does not require an initiation margin. The option premium, or price, paid by the buyer to the seller, or writer, reflects the buyer's total risk.

However, upon taking physical possession of the currency future by

exercising the option, a trader will have to deposit a margin.

Seven major factors have an impact on the option price:

1. Price of the currency.

2. Strike (exercise) price.

3. Volatility of the currency.

4. Expiration date.

5. Interest rate differential.

6. Call or put.

7. American or European option style.

The currency price is the central building block, as all the other factors are compared and analyzed against it. It is the currency price behavior that both generates the need for options and impacts on the profitability of options.

The impact of the currency price on the option premium is measured by delta, the first of the Greek letters used to describe aspects of the theoretical pricing models in this discussion of factors determining the option price.

Japan has evolved as a major market for gold for fabrication and investment since trading was liberalised in 1974. But the gold business in Japan has much earlier origins. Gold mines in Japan in the 17th century exported through the Dutch East India Company to East Asian countries. Tokuriki Honten, still an important refiner and fabricator, traces its history back to 1727. Tanaka Kikinzoku Kogyo, the leading precious metal refiner and trader, was established in 1885.
Actual mine production is limited. The only significant mine is Sumitomo Metal Mining's Hishikari on Kyushu island, opened in 1985, with output between seven and eight tonnes (0.25-0.26 million oz) annually. The Japanese market is supplied, therefore, both by imports of bullion and by-product gold from imported concentrates.
Total gold demand in Japan ranges between 200 and 275 tonnes (6.4 – 8.8 million oz), embracing jewellery fabrication, electronic and industrial uses, dental applications and physical bar investment . Japan is the world's foremost user in electronics, using over 100 tonnes (3.21 million oz) in 2000 according to GFMS (although this fell sharply, to around 70 tonnes or 2.25 million oz, in 2001 on the back of the slowdown in global demand). Japan's use of dental gold in 2001 was around 21 tonnes (675,000 oz) according to GFMS. Physical bar hoarding is also much higher than in other industrial countries, and is an anonymous way of holding wealth outside of the banking sector. GFMS estimate that it averaged just under 60 tonnes (1.9 million oz) over the past decade and exceeding 100 tonnes (13.2 million oz) in 1999. The first few months of 2002 saw a surge in Japanese hoarding demand due to fears about the health of the banking system.
It is also the custom in Japan for companies to give gifts of 24 carat ornaments such as teapots, saki cups, vases and chopsticks. The gold tea ceremony room at the Moa Art Museum in Shizuoka Province used 50 kilos (1,607 oz) for teapots and cups, plus gold leaf for its walls.

Are you a disciplined individual? According to expert Forex traders, the only ones who succeed in the Forex market are those people who stay disciplined despite their success or failure. Automated Forex trading has changed the way traders make their transactions. If you’re a savvy Forex trader, you can definitely benefit from using these automated systems.

For beginners in the Forex trade, be warned that most of the trading systems sold or offered online are considered junk and useless. Oftentimes, these systems provide tested simulations and cleverly hyped marketing strategies that do not work. By using ‘junk’ trading systems, you can lose your investment.

There are simple trading systems offered online which can yield higher returns when used properly and consistently. The simpler the automated trading system, the easier it is to use; you see, complicated systems do not guarantee success at all times so be very careful when choosing the appropriate Forex system.

For example, if you think that a certain currency is going to maintain four weeks high standing, buy it. If you have a low-standing currency, you can sell it before the price goes down further. This system is also called breakout wherein all your moves within the Forex market is based on the highs and lows. Soon, you will be able to penetrate the market’s big trends.

Big trends usually last for several weeks, months, or even years. Take a look at the Forex chart and study it. The whole system is automatic and the rules are quite objective. This system is also known as a Forex robot and it can operate fifteen minutes everyday. The creator of this Forex robot was Richard Donchian, a Forex trader.

If you want a simple system, the Forex robot may work for you. Traders who prefer complex trading systems often expect more from this system and so they would rather opt for another system which can meet their expectations. The Forex robot is not fussy and it can help you in identifying the top picks and the bottom picks.

Successful Forex traders spend enough time and effort to make informed trading decisions. As a wise trader, you should not rush things. Allow the system to work. Don’t believe in the myth that complex and expensive systems are more efficient. If you’re serious in Forex trading, you can earn lots of profits with minimal effort.

Observe today’s market trends. If you think that the Forex robot will work for you, considering the existing trends in the Forex market, you can use it because it is logical, very simple, and continuously works. the automated trading system can be obtained for free online just case you want to see how it works. If you think that the Forex robot is another junk like all other systems, check its background. Try to review ratings and testimonials to find out more about this excellent and efficient system.

The modern world is very different from that of long ago. Many of today’s basic tasks are now handled automatically. If you want an automated Forex system, you can make use of the Forex robot. Hurry and look for this system online; if you want, you can also check Richard Donchian to find more info about it. You will greatly benefit from this system over the long run. Don’t overexert yourself in studying the Forex market because with the aid of the automated system, you can go a long way.

Did you know that you can find a market that is open 24 hours a day? The market is called Forex market and if you go there, you can’t find services, commodities and goods. The Forex market is the place where different kinds of currencies are traded. In every trade, two currencies are involved. For instance, you can sell your Canadian dollars for Euros; or you can pay Japanese Yen for US dollars. Forex rates or exchange rates can change unexpectedly. You need to monitor these exchange rates in order to determine if the price of a certain currency increased or decreased.

Changes in the Forex market usually occur quickly and so it is important for traders to keep track of the market. Political and economic events can influence the changes in the Forex market. If you want to determine whether you’re gaining or losing in Forex trading, this article can help you with the calculations.

The Forex investment is greatly affected by the exchange rate and in order to understand the relationship between the two, you should also be familiar with Forex quotes. Like the currency pairs, Forex quotes can be found in pairs as well. Here is a very good example:

1.Suppose the currency pair is USD (US dollar) and CAD (Canadian dollar)

The Forex quote for this pair is USD/CAD=170.50; this is interpreted as ‘every one US dollar is equivalent to 170.50 CAD. The currency found at the left side is known as the base currency and it is always equivalent to 1. The currency found at the right side is called counter currency. The stronger currency is always the base currency and in this case, the USD. The Forex quote’s central currency is USD and so you can find it in most Forex quotes.

How can you determine if you’re earning profits or not? You can use another example.

2.This time use EUR to USD. Assuming that the Forex rate is 1.0857; in this example, the USD is the weaker currency. If you bought 1,000 Euros, you will need to pay $1,085.70. After a year, the Forex rate was at 1.2083 and this means that the Euro’s value increased. If you decide to sell the 1,000 Euros now, you will get $1,208.30; now, in this transaction, you gained $122.60. What if the Forex rate a year after was 1.0576? This means that the Euro’s value weakened. If you still decide to sell the 1,000 Euros, you will only receive $1,057.60 which means that you lost $28.10; did you get it?

Forex trading involves a lot of risks just like mutual funds and stocks. The fluctuations in the exchange market are responsible for such risks. Low level risks like government bonds in the long-term can give returns but are quite low. If you want to get higher returns, you need to invest in Forex trading but you need to face higher level risks.

You must set financial goals for the short term, as well as for the long term. By doing so, it will be much easier to balance the risks involved and the security. You will be able to conduct your trades with ease and comfort. Make use of all the available Forex trading tools so that you can make wise and profitable trades. After reading this article, you can already calculate if you’re gaining profits or not.

GCI now offers both ICTS trading software (windows and java-based) and MetaTrader trading software:

ICTS Trading Software

Trade currencies on 2 pip spreads from the Dealing Rates Table or directly from real-time charts. You can set alerts, place conditional orders, and take advantage of our AFX news feed, live quotes, comprehensive real-time position and account tracking, and mobile trading access.

Prices from the "Dealing Rates" windows are constantly updating and can be clicked on at any time to place a trade. This full-featured trading platform also provides real-time account balance, P&L, and margin information, and real-time charts and news. Recent enhancements include the ability to "hedge" (enter opposite positions in the same currency without offsetting or using additional margin).

Click here for a Free ICTS Forex Trading Demo Account...

---

MetaTrader Trading Software
GCI now offers Forex and CFD trading on the popular MetaTrader 4 trading platform. Trading directly from charts, fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators are among the many benefits. MetaTrader is ideal for novice traders and professionals alike. All major currency orders are filled directly in the interbank market, with no dealer intervention or delays.

State-of-the-art trading software. The GCI trading software provides real-time prices in currencies, global equity indices, gold, silver, and crude oil. Live charts, and real-time P&L and account equity tracking are fully integrated into the free software.

Zero commissions. Client trading performance is enhanced by eliminating all commissions and transaction fees.

USD or Euro Denominated Trading Accounts. GCI clients can now choose to maintain their account balance and P&L in either US Dollars or Euros.

Trade on 2 pip spreads. Clients can trade on tight spreads in major currencies and crosses, 24 hours a day. Unlike many competitors, GCI's spreads are consistent in all market conditions and will never widen during volatile times or news releases.

Hedging Capability. Clients can open positions in the same currency in opposite directions, without the positions offsetting and without using additional margin.

Product Offerings. You can also trade Gold, Crude Oil, S&P 500, DAX 30, Nikkei 225, and Dow Jones on the same trading platform - with the same low margin requirements and zero commissions.

Risk is limited to deposited funds. GCI's sophisticated margin and dealing procedures mean that clients can never lose more than their funds on deposit. All customer funds are insured and maintained in separate accounts.

Tools for successful trading. GCI clients benefit from a wide array of resources to improve their trading results, including market analysis and research, real-time charts, and free forex trading signals.

While several novel forex trading systems are dependent on difficult mathematical market analysis forms, a few of the most successful forex trading strategies are as well the simplest. One of these easy and very much successful strategies is trend trading, where you just observe which way the forex market is trending in and next you trade in that trend.

If you were trading the euro to dollar currency pair, the method that you could recognize the course of the trend is to start up the daily forex charts and cover an easy moving average on the chart. If the way of the moving average is high, next the pair is placed in an uptrend; if the moving average line is downward, there is a downtrend; and if the line is horizontal next there may possibly be no trend.

Trend trading is a verified method to make profits in the forex market as it is a recognized truth supported by decades of market investigation that currency pairs go in trends.

If the trend is on high next it creates logic to purchase, if the trend is downward next it creates logic to sell, and if there is no trend after that it may possibly not be a best time to trade. The most excellent method to obtain an exact sense of the on the whole trend is to glance at a long-term price chart like a daily, weekly, or monthly chart and observe which way the moving average line is pointing.