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forexnx is grooming forex trader who believes in customer satisfaction.
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WELCOME TO
FOREXNX.COM
Our website:
www.forexnx.com
•Advantages of forex trading over Stock
1. High Leverages
2. Fundamental Consideration
3. Liquidity
4. More Freedom
5. 24hrs Market
Advantages of Forex Trading
1. High Leverages
2. High Liquidity
3. 24hrs Markets
4. Low Transaction cost/ Spread
5. Profit Potential from Rising and Falling prices/ Two way market
6. No middleman charges
7. No Commission
24hr market Monday to Friday
Market update at morning 5.30am daily Monday to Friday
Market opens at Monday 2.30 am and close at Saturday 2.30am….
Clients can do trading in total
18 currencies and also they can trade in
commodities like Gold & Silver
Minimum deposit of 100$
One day forex turnover = 5trillion $
How to Analysis the Market
1. Fundamental Analysis
2. Technical Analysis
0
5
10 Series1
Series2
Types of Currency pair
1. Major Currency
2. Cross Currency
3. Exotic Currency
Account Types
Accounts Mini AccountStandard Account
Premium Account
Minimum Deposit $100- 1,999 $ 2,000 – $ 4,999 $ 5,000 and Above
Tight Spread 4 pip* 3pip* 2pip*
Education Yes Yes Yes
Trading signals No No Yes
Commission No No No
Professional Assistance
No No Yes
Dedicated team Yes Yes Yes
What is Leverages?Buying and Selling Power
What is Bid price?
Bid price means selling prices
What is Ask price?
Ask price means buying prices
What is Spread?
Spread means difference between bid price and ask price currencies
What is Pip?
A smallest point.
Technical Terms
Base currency: First currency pair is known as base currency
Quote currency: Second currency is known as quote currency.
EUR/USD
Base currency Quote Currency
Types of Currency Position
• Long Position • Short Position
Long Position is Buy Position
A trader opens long
position with aim of selling
the base currency at a
higher price at a later time
Short position is Selling Position
A trader opens a short
position with aim of buying
the base currency at a lower
price at a later time.
A Lot is amount the buyer and seller are committed to at the moment the position is opened.
Ex: 0.01 is 1000 units of base currency..
What is Lot?
Profit = lot x 10
For ex:0.10lot = 0.10 x 10 = 1
1$ profit/lose
How to calculate lot as profit/lose?
Bid price 1.3520Ask price 1.3524
How much points difference you can see?•4points
That’s our spread charge….. (Brokerage)Spread is charged one time and it’s a fix charges when client opens a new deal…. After that whatever is the profit that’s clients profit.
How we calculate spread (brokerage)?
For ex:
Order price =1.8000
Position = Ask (buy)
10+ = 0.04
Current price = 1.8150
1.8000 – 1.8150 = 150
0.04= 0.40x150 = 60
P/L = 60 (Profit)
--------------------------------------------------------------------------------------
Order price = 1.8025
Position = Bid (Sell)
10+ = 0.05
Current price= 1.8150
1.8025 – 18150 = 125
0.04 = 0.50x125 = 62.5
P/L = -2.5 Loss
How does market work?
O = OPENING PRICE ( This price is updated daily 5.30am Monday to Friday)
H= HIGHEST PRICE
L= LOWEST PRICES
•T/P means Take profit. Is an automated order you set that your account will liquidate a particular currency position if it reaches a certain level of profit….
• S/L means Stop Loss. Is an automatic close of a trade that you can set to happen if your currency goes in a direction that would cause you to lose money…
What is T/P & S/L
TYPES OF TRADERS
•Day Trading
•Swing Trading
•Position Trading
Types of Traders
• Day Trading1. Scalping
2. Fading
3. Daily Pivot
4. Momentum Trading
•Major Currency
•Cross Currency
•Exotic Currency
Types Of Currency Pair
When a currency trader enters into a trade with the intent of protecting and existing or anticipated position from and unwanted move in the foreign currency exchange rates, they can be said to have entered into a forex hedge. By utilizing a forex hedge properly, a trader that is long a foreign currency pair, can protect themselves from downside risk; while the trader that is short a foreign currency pair, can protect against upside risk………
Hedging
Payment Mode
Credit Card
Debit Card
Internet Banking
Bank Transfer
ForexNx requires that all clients submit the the following documents:
Photo ID PROFF
ADDRESS PROFF
What are benefit for doing trading in our company? Can withdraw the profit amt in 24 working
hrs
No charges at the time of withdraw other company charge 20$.........
No charges on deposits
24 x 5 helpline (telephone services)
THANK YOU