How can I start trading Forex?
You'll need to register a trading account with a Forex broker. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!
Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an inter-bank market, meaning that its transactions are conducted only between two participants — seller and the buyer. So as long as the current banking system will exist, Forex will be here. It's not connected to any specific country or government organization.
What are the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).
What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.
What are the 'long' and 'short' positions?
Long position is a 'buy' position, meaning that this position will be in profit if price goes up. Short position is a 'sell' position, meaning that this position will be in profit if price goes down.
What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific Forex strategies can only be good for a certain period of time and for certain currency pairs.
How much money do I need to start trading Forex?
With some Forex brokers you can start trading Forex with as little as $1. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for Inter-bank trading).
A news (macroeconomic report) came out that should have pushed a currency pair up/down, but it did not react or moved in the opposite direction. Why?
Forex market often ignores fundamental reports. There are thousands factors affecting the currency rates. Their sum can move a currency pair without any regard to some macroeconomic data report.
I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Expert Advisors User's Tutorial to find out how to install those expert advisors.
Why trade Forex?
The world’s second-largest economy is facing heightened risks from slowing global demand and the Sino-US trade war, adding pressure on policymakers to roll out more stimulus to avoid a sharper slowdown and bigger job losses. Factory activity in China shrank for the sixth straight month in October and by more than expected, while service sector growth eased as firms grapple with the weakest economic growth in nearly 30 years.
What are the benefits of Ilimits Invest?
- A higher level of personalized education
- Robust desktop and mobile trading platforms
- World known provider
- Access to more than six different asset classes
- Competitive spreads and operational cost
- Fully regulated Forex broker under New Zealand FSA laws
- Superior private banking consultation
Are we licensed?
ILimits Invest Limited (trading name: ILimits Invest) is a New Zealand registered and incorporated company (company number: 3319810). We are also registered with the Financial Services Provider Register (number: FSP683731).
Do you have a strong client base?
ILimits Invest tends to constantly broaden its client base. After having initiated the business back in 2009, ILimits Invest has been thriving to reach distant geographic locations and connect with clients from different cultural background but having one sole objective: Spreading education, raising profitability and improving the quality of life.