HOW TO open Forex trading account

We are sure that fx4u-cent will attract both newcomers and experienced traders. On a fx4u-cent (forex cent account) account you can learn trading with minimum risk because you will be using US/Euro cents as the currency of your deposit.

For example, you might be ready to open an account with $ 2,000 but you feel that your level of knowledge and experience is not enough yet. So you open a Forex account for 2,000 cents instead!

Why a fx4u-cent account? We think that the main problem that traders encounter on the Forex market is not defining the rules of entering the market but management of risks and psychological factors. An account denominated in cents helps to manage these issues: trading on fx4u-cent allows you to get used to such big numbers as +1,000 and -700. The digits are just the same but the real financial risk is limited to $20.

There are no minimum investment requirements.

Minimum lot is 0.0001, minimum step is 0.0001.

2.5% of AER is obtained on this type of account by the last day of every month on all free assets.

This type of account is recommended for newcomers or traders exercising new strategies.

earn money with Forex

You think that the Euro to US Dollar (EURUSD) rate will increase, and on your balance you got 2000 USD (fx4u-classic account). At the cost of 1.2750 you buy 150,000 Euro for 150,000 * 1.2750 = 191,250 USD.

Since it might be a bit complicated for a beginner to figure out how to make funds in Foreign exchange, they offer you this example:

After a time period, the exchange rate increases. You sell 150,000 Euro at the rate of 1.2850 and get 150,000 * 1.2850 = 192,750 USD back!

This is feasible because of the credit, which lets you make transactions worth 100 times over funds obtainable on your balance (in this specific case, the maximum sum obtainable for transactions is 2000 * 100 = 200,000 USD).

Thus, after purchasing at a low rate and selling at a high rate, the difference 192,750 - 191,250 = 1500$ is your profit! You have earned 75% of preliminary funds in your account, while the rate increased by 0.8%.

Another way of making a profit on Foreign exchange is based on the decrease of the quotation rate of the EURUSD money pair:

Having created a actual account with 200 USD in it (same type of account - fx4u-classic), you select the upper and lower limits on the Euro to Dollar chart and sell 15,000 Euro (0.15 lot) at the upper limit for a cost of 1.2850 (bid cost) USD for 1 Euro, which equals 19,275 USD (15,000 Euro multiplied by the rate of 1.2850).

You have funds in USD in your account, but you can sell Euro using the automatic borrowing process. Hence, the company lends you 15,000 Euro free, which you can sell by sending a selling request. Due to the leverage, the actual deposit is 100 times less than the sum sold: 15,000/100 = 150 euro. At a rate of 1.2850 this equals 192,75 USD. This sum is going to be a deposit for a credit (marginal) transaction for your account. The maximum feasible deposit in this case equals 200 USD.

Thus, due to the fall in the exchange rate you earn the difference between sold and bought, which is 19,275 - 19,125 = 150 USD. You managed to earn 75% (150 dollars) of your preliminary sum of 200 USD due to a rate decrease by 0.8% (from 1.2850 to 1.2750) in one day.

Then in the coursework of the day the cost drops to the lower limit and you pick to buy 15,000 Euro at a cost of 1.2750 (ask cost) USD for 1 Euro, which equals 19,125 USD. The 15,000 Euro that you have bought are written off your account towards the repayment of the company loan, while the difference is left in your account.

The company takes a commission in the kind of the difference between the ask and bid prices or spread, which in this example is 3 USD (spread of EuroDollar pair equals 0.0002 or 2 pips). More detailed information on terminology is in the Glossary.

In these examples, the spread is not thought about while calculating percentages of rate changes because of its non-essential influence on the results. In the case of fx4u-cent account the calculations are similar with a difference only in account money - US or Euro cents in lieu of USD or Euro. The consecutive use of the transactions shown gives the income of 75%+75% = 150%. In actual practice a much greater return may be achieved by using corresponding funds management methods. Risk management methods also play an important role in trading

Forex trading

While thousands of people trade in Foreign exchange every day, some still wonder - what is Foreign exchange trading?

In short, it is purchasing and selling currencies - or funds, if it sounds better. Imagine that you live in Great Britain. Your friends tells you he is going to the US next week for holidays and therefore he requires some American funds. Obviously, in the US no shop would accept British pounds.

Fortunately, you have some dollars left from your last business trip to New York, so you take your wallet, get twenty banknotes of 100 USD and sell them to your mate. Obviously, he pays you back with British pounds - because you live in London, you are not interested in any other funds.

Well, you have made a foreign exchange operation! Now, imagine that in lieu of taking British pounds from your mate, you ask him to give you back the same amount he received - 2000 USD, to be correct. At this moment, the exchange rate was 1.4282, let's assume. He spends two joyful weeks in the US, travelling around the states, tasting some scrumptious stakes with Californian wine and even singing local anthem. Then your mate comes back to London and he's to give you back 2000 USD. Fortunately, the exchange rate of US dollar versus British pound has increased dramatically due to some latest news from the US - it is 1.4021 now, meaning US dollar is now more costly in the United Kingdom! So, two times you get 2000 USD back, you go to a funds exchange window at your favourite bank and alter dollars back to pounds. And then - surprize, you made a profit because of the funds rate fluctuations!

Nowadays, there's more sophisticated and high-tech ways to do foreign exchange trading than selling currencies to your friends and fellows. You can open an account with a foreign exchange broker and start trading online - from any place in the world, with tens or hundreds of different currencies! And thanks to leverage - automatic "credit" process, your profits can increase ten times or even one hundred times!

Now, you actually did some primitive type of foreign exchange trading!

So, why waste time, why not start live foreign exchange trading right now! Forex4you will be glad to assist you with any queries that may arise throughout the method!

WHAT IS FOREX

More exactly, FOREX is a money trading market, & it is one of the largest & most quickly developing markets on the planet. Over 2.5 trillion dollars are turned over on the foreign exchange every single day. That is over 100 times the amount turned over every day on the NASDAQ. In the event you are intrigued, you can click here & get more detailed market information from Forex4you.

So, what is a market? Simple: it is a place where goods are traded. The foreign exchange is no different, but with one small twist: the goods traded on the foreign exchange are national currencies. For example, on the foreign exchange you might pay in American dollars & buy some Canadian dollars. Or, you could sell your euros for Japanese yen. There is nothing more to it than that.

How do I make a profit using the foreign exchange?
Again, the answer is obvious: as with any market, you make money by purchasing low & selling high! Buy for less, sell for more! All you do is take advantages of fluctuations in the relative values of world currencies. Each currency's value changes every day in the money exchange market. All you require to do is use these fluctuations to your advantage.

One thing we'd like to mention about money exchange on the foreign exchange. These every day fluctuations are actually 100 times greater than the actual fluctuation (for example, around 1%). Usually speaking, Forex4you can offer trading ratios of between 1:10, 1:100, 1:200 & 1:500. So let's do the math: if the exchange rate of your given pair of currencies increased by 0.6% over the last few hours, then you'll bag a profit of 60% on your original investment! All of this can happen over the work of a single business day, or as quickly as a matter of minutes.

& another thing: you have the power to choose your pair of currencies, & their amount, based on which way the market's headed, & still turn a profit. It makes no difference which way the exchange rate is headed, down or up, because you always have the choice of buying US dollars & selling Yen, or the other way around - buy Yen & sell US dollars. & no, you require not actually own any particular currencies, or "have" them in hand, in order to make transactions with them on the foreign exchange (to buy them or sell them).

& best of all, you don't risk losing anything over your margin! There is absolutely no limit to your feasible profits, but you seldom risk losing anything beyond what you originally invested.

So, how do I start?
You register with Forex4you! They offer the simplest & quickest registration online, with absolutely no obligations. One time you are registered, make a deposit of the margin amount you choose to start trading with, & you can start. & only Forex4you lets you make your deposit along with your credit card & start trading in 2 minutes.

It doesn't get any simpler. But in the event you do require assistance, they offer as much customer support & one-on-one training as you require. & in case Forex4you your assistance won't come from a computer, but from a living, breathing human being, who speaks your language.

How do I trade on the foreign exchange?
For starters, you choose which one currencies you require to make a deal with on the foreign exchange. You choose the amount of the deal you'd like to make (called the "volume"). You make a deposit to provide the collateral needed for the deal, called the "margin." In most cases, this is a fraction of the general amount of the deal, for example, 1%, or 1:100.

You still have the power to "freeze" the deal for several seconds before you finalize it. Freezing lets you fine-tune the terms or to accept them as they are. Or, you can call the whole thing off, & cancel the deal. Freezing is a feature offered exclusively by Forex4you. While your deal is still running, you have a so-called "open position." This means that you are able to follow your deal's status & scenarios online at any time. You can make changes to the deal's terms, or you can basically cancel it & either pocket any profits, or minimize any losses. What is more, Forex4you lets you set a "take-profit" rate. When & if the market reaches this rate, your deal will close automatically, allowing you to be away from your computer while you have an "open position."

Prepared to learn more, or find additional training online. register with us, with no obligation, & they will lead you through the technique step-by-step.
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