An online forex broker is a firm that facilitates retail trading using Internet technologies. ForexGen (FG), one of the popular online forex brokers. It provides retail traders with a free demo trading account, allows users to open a live account, gives live help, provides software called Meta Trader 4, and allows viewing of account documents. (Meta Trader 4 can be downloaded for the demo trading account).
ForexGen’s Online Forex offers 500:1 leverage. In some cases, the total return on investment is higher due to leverage. For example, with $1000 cash in a margin account, the investor can control up to $500,000 in notional value. Of course, trading on leverage magnifies both the investor’s profits and losses.
ForexGen LTD offers commission-free online trading in forex. ForexGen offers Internet trading software, fast and efficient execution, and 5% margin requirements. This broker offers USD or Euro denominated trading accounts. The spreads are 1 pips in EUR/USD and USD/JPY. Clients can hedge by opening positions in the same currency in opposite directions.
Risk to the investor is limited to the deposited funds.
Market analysis and research, real-time charts, and forex trading signals are available at no charge.
There are many online forex brokers that offer free demo accounts for potential forex traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for forex trading. In addition, at most sites, traders can find free forex news to assist them with their trade strategies.
ForexGen’s Online Forex offers 500:1 leverage. In some cases, the total return on investment is higher due to leverage. For example, with $1000 cash in a margin account, the investor can control up to $500,000 in notional value. Of course, trading on leverage magnifies both the investor’s profits and losses.
ForexGen LTD offers commission-free online trading in forex. ForexGen offers Internet trading software, fast and efficient execution, and 5% margin requirements. This broker offers USD or Euro denominated trading accounts. The spreads are 1 pips in EUR/USD and USD/JPY. Clients can hedge by opening positions in the same currency in opposite directions.
Risk to the investor is limited to the deposited funds.
Market analysis and research, real-time charts, and forex trading signals are available at no charge.
There are many online forex brokers that offer free demo accounts for potential forex traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for forex trading. In addition, at most sites, traders can find free forex news to assist them with their trade strategies.
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