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Q and A Section
- What is forex?
- How much money do I need to start trading?
- When is the FX market open for trading?
- How do I manage risk?
- I just downloaded your software. Can someone guide me through it?
- Where are the prices/quotes coming from? Are they real-time?
- Do you offer referral fees?
What is forex? |
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The Foreign Exchange market, also referred to as the "forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar, Dollar/Yen, Dollar/Franc, Euro/Yen etc. |
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How much money do I need to start trading? |
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| A minimum deposit of $2500 for a standard account and $250 for a mini account. | |||
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When is the FX market open for trading? |
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A true 24-hour market, forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the forex market makes it impossible for any one entity to "drive" the market for any length of time. |
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How do I manage risk? |
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| The most common risk management tools in FX trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the forex market ensures that limit order and stop loss orders can be easily executed.. | |||
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I just downloaded your software. Can someone guide me through it? |
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Our support team is available to answer any questions you may have regarding the software. Feel free to use our “Information Request” function on the website, or login to our live Support Forum. |
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Where are the prices/quotes coming from? Are they real-time? |
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All prices are real-time and all can be traded on. The prices in the system are submitted as orders (market, limit or stop orders) by participants and liquidity providers. |
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Do you offer referral fees? |
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Yes. Contact us to discuss the options available. |
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© Copyright Frannor Trading 102
(Pty) Ltd 2002 |
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