There is a common misconception that the Forex market is open 24 hours a day seven days a week. Theoretically the global Forex market is open 24 hours seven days a week but an individual is still limited to the hours he can trade. Opposed to other regulated markets such as that of the stock exchange the Forex market is a network of financial institutions and retail trading brokers which gives them the ability to create their own hours of operation. Forex hours of operation are in accordance to their time zone. Most establishments trade between the hours of 8 a.m. to 4 p.m. relative to their local time zone. It's important for you to consider the relevant legal documents (for clients of TF Global Markets (Aust) Pty Ltd) this includes our Product Disclosure Statement and Financial Services Guide , before you decide whether or not to acquire any of our products.
Oh, yeah, no one can corner the market. The FOREX market is so huge and has so many global participants that no single individual nor entity... not even a central bank... can control the market for any significant period of time. Transfer money abroad in the fastest way possible with zero bank charges.Transfers processed in under 30 minutes.Funds received abroad in less than one working day.
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Yes, margin trading might sounds attractive as 1,000 cash in a 200 to 1 margin rates account will have the power of purchasing currency worth $200,000. It magnifies the ROI of the trades with less money outlay on the table. But, as most experts say, leverage is a two way street. The brokers want you to use high leverage because that means more spread income because your position size determines the amount of spread income; the bigger the position the more spread income the broker earns. Not to forget the market does not always go in the direction you want, leveraging can magnifies your ROI in your Forex trade but it as well can turn your losses big.
I miss FXCM grafics. They were so easy to read. Just like Nicolas, i was transfered from FXCM today. I will miss clearness and indicators, and user friendliness of FXCM! But i expected more since forex is world famous. Well, it is not even close ! Our price aggregation technology, which filters rates from our liquidity partners, has enabled us to offer highly competitive spreads that directly benefit our clients.