ForexCult.com is one of a leading independent portals dedicated to the Foreign Exchange (Forex) market, it was brought to life in 2005 by a group of U.S. economists, ForexCult.com has grown to become a trusted source of Forex for thousands of users throughout the world, the ForexCult.com portal has always been trying to provide neutral and unbiased information, to enable our users to take better and more confident decisions. On the portal you'll find: real-time quotes, news, newsletters and interactive comments of people all over the world among the most well-received content. Furthermore, ForexCult.com sections include also a fundamental and technical tools, charts and rates along with a unique toolbar, as with these sections ForexCult.com has managed to gain the massive popularity from the Forex specialists and novice users alike so either if you're an individual professionals, a small company or a Forex Brokers and Investment Banks, your source for relevant and reliable news and articles is ForexCult.com
Yours,
Jordan Zimmerman
ForexCult.com CEO
What is Forex?
Foreign Exchange, also known as Forex, or FX, is more commonly referred to as Currency Exchange, quite simply, the trading of one currency for another.
The FX market is the world's largest market, daily trading volumes exceed $1.5 trillion per day, easily dwarfing markets such as the NYSE (about $30 billion in daily volume).
The Foreign Exchange markets trade 24 hours per day, as the market moves from time zone to time zone, with major dealing centers today in London, New York, Tokyo, Zurich, Frankfurt, Paris, Hong Kong, Singapore, and Sydney. Easily the most liquid market in the world, investors, fund managers, corporations, banks and investment houses are able to take advantage of the 24 hour Forex market, in order to profit by and hedge their financial positions worldwide.
Additional forex Information can be found on Wikipedia.
UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
Promotion of the Month
UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
Monthy Forex Tip
Stop Loss! – Keep your losses under control when trading forex. Like any sort of trading or investing, there is always a risk involved. By utilizing a broker who supports the “stop loss” option you can protect yourself from being burned when trading forex.
Our broker of the month, UFXBank would like to invite you to test drive their platform and use the safety of “stop loss” when trading.
Interview with Matthew Sheppard Senior Forex
Advisor at XForex
1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.
2. What is your experience and professional background?
In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.
3. What type of clients you deal with?
We deal with clients on all levels from the beginning stages to the more advanced trading levels.
4. Does most of your business activity come from the online or offline world?
Because of our high presence on the web, most of our business comes from the online world.
5. Why should a trader pick XForex from all forex brokers?
Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..
Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.
6. From your experience, what advice would you give a person who wants to enter the forex world?
My advice to the beginning trader entering the Forex world is as follows:
• Learn the market and understand what you’re getting into.
• Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
• Invest smartly and calculate your risks
• Always know when to get out of a trade
