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What is Forex?

Foreign exchange (Forex) is simultaneously buying one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs. with a daily turnover of over $2.0 trillion, the foreign exchange market, also known as the Forex or FX market, is the largest financial market in the world.

How an FX Trade Works?
In this market you may buy or sell currencies. The objective is to earn a profit from your position. Placing a trade in the foreign exchange market is simple: the mechanics of a trade are virtually identical to those found in other markets, so the transition for many traders is often seamless.

Example of How FX Trade Works

In this example euro is the base currency and thus the "basis" for the buy/sell. If you believe that the US economy will continue to weaken and this will hurt the US dollar, you would execute a BUY EUR/USD order. By doing so you have bought euros in the expectation that they will appreciate versus the US dollar. If you believe that the US economy is strong and the euro will weaken against the US dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will depreciate versus the US dollar.

I don't have enough money to buy $10,000 EUR. Can I still trade?
Yes, You can with margin trading! Margin trading is simply the term used for trading with borrowed capital. This is how you're able to open $10,000 or $100,000 positions with $50 or $1,000. You can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital.

For Example:
You believe that signals in the market are indicating that the British Pound will go up against the US Dollar. You open 1 lot ($100,000) for buying the Pound with a 1% margin at the price of 1.5000 and wait for the exchange rate to climb. This means you now control $100,000 worth of British Pound with $1,000. Your predictions come true and you decide to sell. You close the position at 1.5050. You earn 50 pips or about $500. (A pip is the smallest price movement available in a currency). So for an initial capital investment of $1,000, you have made 50% return. Return equals your $500 profit divided by your $1,000 you risked to trade.

What is a Managed Account in Forex?

Managed accounts are individual investment accounts that are managed by independent money managers using an asset-based fee structure.

What benefits will I receive?

  • Accounts can be opened with as little as $2,000
  • Management Fee 30 %
  • Managed Account clients open and fund their own accounts directly with the broker.
  • Funds are always deposited and withdrawn* directly by the investor
  • Transparent policy of handling account
  • The investor has Investor Pasword to the managed account at any given time, which enables him to track the account equity and activity.
  • We cannot withdraw money from the account, we only manage/trade the account.
  • No hidden fees, only net profit share.

How much is the management fee?

Currencies69 incentive fee is 30% of net monthly gains. It is based on high water mark.

How much do I need to invest to get started?

Minimum to start is $ 2,000

January 2011
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