Press the question to get the answer:

Can I have a general outlook for this website and its services? And what can I do to get these services ? Financial market is considered to be a mysterious world for a lot of people. Although exchange market news occupies the headlines of daily news in mass media, many people don't know exactly how business is going on inside because of the little sources directed to teach people who have no idea about dealing in exchange markets. Also because of poor knowledge, most of people conceits that they should be millionaires to just think of dealing in exchange markets. This is completely incorrect. Most of the forex market is traded on margin. This method of trading allows one to buy and control a position several times larger than the actual amount of capital used. Please note that increasing leverage may increase potential gains as well as losses on any given trade.

We may need to know from the beginning, what's the exchange market ? The exchange market is the same as any other market such as that of cars where you can buy and sell cars, clothes where you can buy and sell clothe. The exchange market is where you can buy and sell many things, stocks, ponds, currencies and major commodities such as oil, gold, coffee, soybean and many other commodities. Hence, the exchange market is where seller and buyer are met to exchange stocks, currencies or other commodities.

Are all of these things traded in the same exchange market ? Of course not, every exchange market has its own specialization. Exchange market where companies are traded is called "the stock exchange market ", exchange market where currencies are traded is called "FOREX", exchange market where ore-oil is traded is called "oil exchange market" and the same is true for all. Hence, each market has its own specialization.

Where are the exchange markets? Exchange markets, as we said, are markets. As there are markets in all countries there is also an exchange market in every country. For example, NYSE (New York exchange market) is where the American stocks are traded. Tokyo exchange market is where the Japanese stocks are traded and thus every country has its exchange market.

What is dealing in exchange market? And how can I make use of this dealing ? When we say that you are dealing in AMEX (the American stock exchange market) for example, we mean that you sell and buy the American stocks. When we say that you are dealing in FOREX, we mean that you trade in currencies. When we say that deal in oil exchange, it means that you buy and sell ore-oil and make profits of this trading process. It is like any other trading process. Clothes trader, for example, buys clothes at a certain price and sells it at a higher one in order to make profits, also antiques trader buys antiques and sells them at higher prices to make profits. It's exactly the same thing for he who trades in stock exchange markets. He buys a company stock at a price and sells it at a higher one so that he can make profits. In order to be successful, A dealer in FOREX buys the currency of any country, and then sells it at a higher price, if the price of the currency goes up. A trader in ore-oil also sells it at a higher price and makes profits. So, there is no fixed price in this world. There are always low-high-jumping prices. A trader makes benefits of this volatile action when he buys low-rate currency then sells it at a higher price. He is similar to clothes, antiques, stocks, currencies, or other traders- One may also lose money by trading if one buys and then sells at a lower price.

How can I sell or buy in exchange market located in another country while I am home ? As we said, answering the previous question, all sell-buy actions in exchange markets are taking place through specialized brokerage companies, they act as mediators between you and the exchange market, and it buy and sell according to your commands. You can ask your brokerage company to sell and buy at any time by contacting them. In the past, contacting brokerage companies was taking place through phones or by fax, nowadays, due to the widely use of the Internet, most contacts with brokerage company are done online.

What's FOREX ? And where is it ? FOREX is "foreign currencies exchange market" in short. It's absolutely the largest exchange market allover the world. It surpasses all other stock exchange markets in the world. FOREX is where main currencies are traded; however there is no specific location for FOREX. On the contrary to new York or Tokyo stock exchange markets which have specific location in both of these cities, there is no a central location for FOREX. Dealing takes place only through networks between banks, and financial institutions. Brokerage companies all over the world buy and sell currencies for their client, being an individual, a company or a government. By all means, when you want to deal in FOREX you will deal with just one hand; your brokerage company you will choose. It will buy and sell currencies for you from anywhere in the world. You have only to ask the brokerage company you dealing with to buy a currency and your command will be accomplished at you limit-price, and when you command it to sell a currency, your command will also be accomplished at your limit-price. You will not deal but with on hand, and it will link you with the whole world.

What distinguishes dealing in FOREX from other exchange markets ? The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world. Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts.

What does "dealing in FOREX" mean ? And how can I make use of it ? Dealing in FOREX means that you buy and sell currencies while attempting to take advantage of fluctuating exchange rates. Rates of currencies as any other rates, is not constant. It changes all time. Go for any cashier and ask to buy one US dollar, he will tell you that you should pay, for example, 3.5 KSA Rial to in return of one dollar. Go to him after one month and ask him to buy another one US dollar, he will tell you that you have to pay 3, 8 KSA Rial in order to get it. As you see, US dollar rate raises from 3.5 to 3.8 after one month. Hence, currencies rates always change, and your target is to buy a currency and sell it at a higher price. Trading in FOREX is like any other trade as you buy at a price and sell at a higher one. In Forex, you have equal trading facility whether a currency is rising or falling. Each day, currency rates constantly change in the volatile forex market.

Can I buy and sell any currency in FOREX ? In FOREX you can buy and sell any currency of any country, but you will learn that 85% of buy-sell processes concentrate only on five currencies: US dollars, English Pound, Japanese Yen, and Swiss Franc. You don't need to care about hundreds of currencies. All buy or sell processes are concentrated just on the previous five currencies, which represent the largest economic countries in the world.

How can I buy hundreds thousands of currencies while I have only hundreds of dollars ? You can do this dealing through the margin system. This dealing method allows you to buy and sell commodities surpasses, in value, your capital by many times. (Forex trading involves a substantial risk of loss)

What is "trading through margin system" ? However, please note that increasing leverage may increase gains or losses on any given trade. Margin trading is a powerful form of investment which allows a trader to use his capital to buy and control positions several times larger than his initial investment. We allow you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity). For example, if one chooses to leverage up to the maximum 400 times account equity, then a margin of $1,000 may control an investment of $400,000. A 0.25% upward swing of the positions held in the account may double into a $1,000 profit. However, a 0.25% downward swing multiplies into a $1,000 loss, which is the entirety of the initial investment. Speculation in the foreign exchange market should only be conducted with risk capital that, if lost, will not significantly affect the investor’s financial well-being.

What can I trade using the margin system ? Trading through the margin system is a widely spread in many financial markets of all specializations. It's used in stock exchange market and main commodities exchange markets such as gold, silver, oil, natural gas, iron, nickel, sugar, coffee, soybean, and many other commodities. It's also widely used in FOREX. You can trade through the margin system in any of these markets to buy and sell any of the previous commodities and many others. Stock exchange market is the least one using this system, whereas FOREX and main commodities exchange markets are the widest.

How can I know the currency I should buy, and that I should sell ? It depends firstly on currencies rate actions. You buy the currency you expect is going to raise and sell one you expect is going to decline. The aim behind this is to make profits regardless of currency low or high rate. "Forex trading involves a substantial risk of loss"

How much cash makes me capable of investing and dealing in FOREX ? You can start by any cash you want. The larger your account, the more your account will be protected from reaching margin call, assuming that your size of trading remains the same. There is a lot of people beginning their business with more than 10.000 $ for example. In FOREX you can start many times less than this. You can start with 1000$, 500 $ till 200 $ (the minimum limit you can deal with, for most of brokerage companies).

Is there any loses possibility in dealing through the margin system ? Dealing in FOREX, or Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”

What is World iFX ? And what services it offers ? In association with the largest brokerage companies, we Allow investors open a real account, in the same contracted conditions of these companies, and we secure also any help traders may need without any additional charges to the bid - asked spread.

Will my money be deposited by you or by the brokerage company ? Our job is to open your account, help you start your dealing, and that's all. Your money won't with us, but you will send it directly for the broker of your choice. All brokers, we are dealing with are registered with the US government and it's completely forbidden to hand or transfer any cash for anyone, whatever he is, to deposit it at your account. Your transferring data will be sent for you to your mail. Depositing by the broker you choose will be in your name, not in the name of anybody else or any third party to avoid any kind of cheating or dodge through the net or by any other way, so we have empty-handed responsibility towards violating the previous instructions.

How long does it take to open an account ? When can I start dealing ? Just two days after sending us your papers, and upon you open your account at the brokerage company you choose, we will send you, afterwards, your account number attached with necessary instructions and transferring data, hence, you can start dealing as soon as you deposit your money at you new account.

What about drawing cash from my new account by the brokerage company ? Fill in the draw form of your brokerage company, which we send to you upon you open your account, then fax it to us. It should be known that drawing cash must be for a balance you have at another bank, and it's not available to transfer directly from your account to somebody else's balance. This rule has been licensed for more safety towards our investors' money.

How much does it cost to draw of my account by the brokerage company? How long does it take ? Costs average between 20 to 40 US dollars depending on your brokerage company licenses apart from how mush you draw. This process takes two or four days depending on the bank you want to transfer to.

When do FOREX doors open ? In summer, FOREX is open from Sunday at 18.00 GMT till Friday at 20.00 GMT In winter, FOREX is open from Sunday at 19.00 GMT till Friday at 21.00 GMT.

What is the difference between "long" and "short" ? In pairs deals, trader is long when he buys a pair at an exacted price and targets to sell it at a higher price. In this case, the investor benefits from pull-market. Also trader is short when he sells a pair at an exacted price and bear-market is his target. In this case, the investor makes benefits too. In both cases, when trader is long with regard to a currency, he is also short with regard to the other. The trader may also lose money if the market moves against his position“.

What about recommendations ? We send recommendations freely on yahoo messenger through an experienced trader in FOREX, accompanying dealers daily through the European and American business duration, i.e. from 7.00 GMT to 20.00 GMT. He sends them his recommendations whenever he catches a chance in the market. Recommendations, explanations, and directions. Client is added to our recommendations service as soon as he opens his account, and deposits his money of it.