ABOUT FOREX
Foreign Exchange or 'Forex'
as it is commonly known, is one of the largest and most highly liquid markets, with an average daily turnover in excess of $4 trillion a day.
Forex (Foreign Exchange) is the global market for currency trading which is conducted over-the-counter (OTC) and exceeds even the equity markets which has a daily turnover of only $50 billion. In Forex trading, you can buy or sell one currency for another. Currencies tend to rise or fall (appreciate or depreciate) due to a number of factors such as macro-economics, politics, supply and demand.
With Forex, you can trade on leverage and margin, which greatly reduces the cost of entry.
You can start trading forex starting with a $0 deposit for an account. You can also start with a demo account with live market rates with no risk!
WHY
TRADE FOREX
Trade the most liquid and active markets
Forex markets trade 24/7, 5 days a week
Access to over 46 currency pairs, precious metals, crude oil, indices and CFDs
Take long or short positions
Low entry (deposit & margin) requirements
Tight spreads ensure that you get the best price on your orders
THE JDFX ADVANTAGE
Trading leverage from 1:100
Minimum deposit from 1,000 USD/NZD
No Exchange fees or hidden commissions
Trade on MT4 (Desktop, Mobile, Web)
Supports all EA’s
Competitive spreads
No Conflict of Interest
Registered by New Zealand Financial Service Provider (FSP)
FOREX TRADING
QUICK GUIDE
Currency Pairs: Forex currency pairs are quoted in base currency and quote currency. (Ex.: EUR/USD, where EUR or euro is the base currency and USD is the quote currency. Therefore, if EURUSD exchange rate is 1.10950, it means that 1 euro = 1.10950 USD)
Buy/Sell: When you want to buy (or sell a currency pair) you will effectively be buying (or selling) the base currency against the quote currency. (Ex.: If you think that GBP will appreciate or rise in value against the New Zealand dollar, then you would buy GBP/NZD. Similarly if you think GBP will depreciate in value against the U.S. dollar, you would sell GBP/USD)
Bid and Ask prices: Bid prices are the rates where you can sell the currency pair. Ask prices are the rates at which you can buy the currency pair.
Spread: Spread is the difference between the bid and ask prices. Bid prices are always higher than ask prices
Margin: Margin is the amount required to open and maintain a position (long or short)
Lots: The amount of units required to open a position. (Ex.: 1 lot = 100,000 units, 0.10 lot = 10,000 units, 0.01 lot = 1000 units)