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WELCOME TO FOREXNX.COM

Forexnx review

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forexnx is grooming forex trader who believes in customer satisfaction.

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Page 1: Forexnx review

WELCOME TO

FOREXNX.COM

Page 2: Forexnx review

Our website:

www.forexnx.com

Page 3: Forexnx review

•Advantages of forex trading over Stock

1. High Leverages

2. Fundamental Consideration

3. Liquidity

4. More Freedom

5. 24hrs Market

Page 4: Forexnx review

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

Page 5: Forexnx review

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….

Page 6: Forexnx review

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 $

Page 7: Forexnx review

How to Analysis the Market

1. Fundamental Analysis

2. Technical Analysis

0

5

10 Series1

Series2

Page 8: Forexnx review

Types of Currency pair

1. Major Currency

2. Cross Currency

3. Exotic Currency

Page 9: Forexnx review

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

Page 10: Forexnx review

What is Leverages?Buying and Selling Power

Page 11: Forexnx review

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.

Page 12: Forexnx review

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

Page 13: Forexnx review

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.

Page 14: Forexnx review

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?

Page 15: Forexnx review

Profit = lot x 10

For ex:0.10lot = 0.10 x 10 = 1

1$ profit/lose

How to calculate lot as profit/lose?

Page 16: Forexnx review

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)?

Page 17: Forexnx review

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?

Page 18: Forexnx review

O = OPENING PRICE ( This price is updated daily 5.30am Monday to Friday)

H= HIGHEST PRICE

L= LOWEST PRICES

Page 19: Forexnx review

•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

Page 20: Forexnx review

TYPES OF TRADERS

•Day Trading

•Swing Trading

•Position Trading

Types of Traders

• Day Trading1. Scalping

2. Fading

3. Daily Pivot

4. Momentum Trading

Page 21: Forexnx review

•Major Currency

•Cross Currency

•Exotic Currency

Types Of Currency Pair

Page 22: Forexnx review

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

Page 23: Forexnx review

Payment Mode

Credit Card

Debit Card

Internet Banking

Bank Transfer

Page 24: Forexnx review

ForexNx requires that all clients submit the the following documents:

Photo ID PROFF

ADDRESS PROFF

Page 25: Forexnx review

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)

Page 26: Forexnx review

THANK YOU