*******FOREX*******
FAQ FAQ FAQ FAQ FAQ
What is Foreign Exchange Trading; what do I need to know?
What is Forex?
What is Over The Counter (OTC) trading?
What are Forex Instruments?
What is Day Trading at Easy-Forex®?
What is a Forward deal?
What is a Limit Order?
How do I know which currency will go up or down?
Why has the price of the deals I am interested in changed since the last time I checked?
What currencies can I trade with Easy-Forex®?
Is the Forex market regulated?
Is Forex risky?
What should I look for in an online trading platform?
What type of account is suitable for me?
What is Sharia or Islamic Law Accounts and do you offer them?
How do I use the Easy-Forex® website?
Can I log onto the site with my existing Username and Password?
What does the Easy-Forex® website contain?
How do I deposit money with Easy-Forex®?
What Identification Documents do I have to supply and why?
How do I withdraw money?
What hours can I trade?
I haven't received my confirmation e-mail. I may have given you the wrong email address, or perhaps something went wrong with my deal. Can you please re-confirm?
Can you send me rates via e-mail?
What should I do if I have a problem regarding a specific Easy-Forex® deal?
Is online dealing at Easy-Forex® secure?
Why do I get a message saying my browser isn't compatible with the site?
Why can't I view the charts in Trade Tools?
Can I include a link to Easy-Forex® on my website?
How do I close my account?
What are the costs involved in Forex trading?
How does Easy-Forex® make money?
Am I charged fees or commissions on deposits and withdrawals?
What is a renewal fee?
What is the maintenance margin at Easy-Forex®?
What trading tools does the Easy-Forex® platform have?
Where can I learn technical analysis techniques?
How can I increase my Forex activity?
How can I pass on my comments to Easy-Forex®?
Q: What is Foreign Exchange Trading; what do I need to know?
A: Discover Forex trading in our learning section. This is where you will find a series of articles that explain currency trading and the foreign exchange market.
A: Discover Forex trading in our learning section. This is where you will find a series of articles that explain currency trading and the foreign exchange market.
Q: What is Forex?
A: Forex and ‘FX’ are shortened terms used for ‘foreign exchange’. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.
A: Forex and ‘FX’ are shortened terms used for ‘foreign exchange’. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market.
Q: What is Over The Counter (OTC) trading?
A: A market conducted directly between dealers and principals via a telephone and computer network rather than a regulated exchange trading floor. OTC trading with Easy-Forex® means that you trade currencies with the aim to earn a profit, though you can lose as well. You don’t actually take delivery of these currencies.
A: A market conducted directly between dealers and principals via a telephone and computer network rather than a regulated exchange trading floor. OTC trading with Easy-Forex® means that you trade currencies with the aim to earn a profit, though you can lose as well. You don’t actually take delivery of these currencies.
Q: What are Forex Instruments?
A: Forex Instruments are the products or ways of trading in foreign exchange. Easy-Forex® offers Day Trading and Limit Orders.
A: Forex Instruments are the products or ways of trading in foreign exchange. Easy-Forex® offers Day Trading and Limit Orders.
Q: What is Day Trading at Easy-Forex®?
A: Day Trading deals are usually opened and closed on the same day. It is possible for a day trading deal to last longer than one day. When this happens, the deal is automatically renewed at 22:00 GMT each night until the deal closes. Day trading is becoming more popular now that more people use the Internet. As long as the deal is open you will be charged a renewal fee every night at 22:00 GMT for all deals that are still open. If you have insufficient funds in your account your credit card may be charged or the deal closed - refer to section 22 in the Terms and Conditions regarding this issue.
A: Day Trading deals are usually opened and closed on the same day. It is possible for a day trading deal to last longer than one day. When this happens, the deal is automatically renewed at 22:00 GMT each night until the deal closes. Day trading is becoming more popular now that more people use the Internet. As long as the deal is open you will be charged a renewal fee every night at 22:00 GMT for all deals that are still open. If you have insufficient funds in your account your credit card may be charged or the deal closed - refer to section 22 in the Terms and Conditions regarding this issue.
Q: What is a Forward deal?
A: A forward deal is a contract where the buyer and seller agree to buy or sell an asset or currency at a spot rate for a specified date in the future (usually up to 60 days). Forward contracts are conducted as a way to cover (hedge) future movements in exchange rates. Margin spreads are higher than in Day Trading but no renewal fees are charged.
A: A forward deal is a contract where the buyer and seller agree to buy or sell an asset or currency at a spot rate for a specified date in the future (usually up to 60 days). Forward contracts are conducted as a way to cover (hedge) future movements in exchange rates. Margin spreads are higher than in Day Trading but no renewal fees are charged.
Q: What is a Limit Order?
A: A limit order is where you nominate a rate at which you want to open a deal. When and if this rate occurs in the market, your ‘reserved’ deal is automatically opened. Once the deal is opened it is treated like a Day Trade with the details appearing in My Account. Easy-Forex® does not charge for this service. This saves you watching the market every minute to see whether the rate you want happens.
A: A limit order is where you nominate a rate at which you want to open a deal. When and if this rate occurs in the market, your ‘reserved’ deal is automatically opened. Once the deal is opened it is treated like a Day Trade with the details appearing in My Account. Easy-Forex® does not charge for this service. This saves you watching the market every minute to see whether the rate you want happens.
Q: How do I know which currency will go up or down?
A: International currency prices are highly volatile and very difficult to predict. Due to such volatility, there is no system that can assure you that transactions on the foreign currency market should result in great benefits to you, nor is it possible to guarantee that your transactions would yield favorable results.
A: International currency prices are highly volatile and very difficult to predict. Due to such volatility, there is no system that can assure you that transactions on the foreign currency market should result in great benefits to you, nor is it possible to guarantee that your transactions would yield favorable results.
Q: Why has the price of the deals I am interested in changed since the last time I checked?
A: Easy-Forex® deals are dependent on the FX market, which is dynamic and changes all the time. The fluctuations in the market, in currency rates, and in other parameters, affect our fully automated pricing engine. This is why rates and premiums may change all the time. For your convenience, we developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.
A: Easy-Forex® deals are dependent on the FX market, which is dynamic and changes all the time. The fluctuations in the market, in currency rates, and in other parameters, affect our fully automated pricing engine. This is why rates and premiums may change all the time. For your convenience, we developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.
Q: What currencies can I trade with Easy-Forex®?
A: Easy-Forex® offers all major currency pairs for trading, including exotic currencies.
A: Easy-Forex® offers all major currency pairs for trading, including exotic currencies.
Q: Is Forex risky?
A: Yes, we advise all our clients that foreign exchange trading does involve substantial amount of risk. With Easy-Forex® you cannot lose more than your ‘margin’, the money you are prepared to risk plus the daily rolling fee if you have entered a Day Trade transaction. Profits are unlimited but you can never lose more than what you initially risked. However, risk only what you can afford.
A: Yes, we advise all our clients that foreign exchange trading does involve substantial amount of risk. With Easy-Forex® you cannot lose more than your ‘margin’, the money you are prepared to risk plus the daily rolling fee if you have entered a Day Trade transaction. Profits are unlimited but you can never lose more than what you initially risked. However, risk only what you can afford.
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