WHAT IS FOREX?
Forex and ‘FX’ the terms used for ‘foreign exchange’ are shortened. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of the currency of a country is constantly changing with the value of the currency of another country. Forex traders make money through buying and selling currencies in the foreign exchange market.
WHAT IS A DAY IN NEGOTIATING FXGIM?
Trading deals are usually opened and closed on the same day.
It is possible for a day trading agreement lasting more than one day. When this happens, the agreement is automatically renewed at 22:00 GMT each night until you close the deal.
Day trading is becoming more popular now that more people use the Internet. While the agreement is open you will be charged a renewal fee every night at 22:00 GMT for all deals that are still open.
If you have sufficient funds in your account your credit card may be charged or the deal closed – see Terms and Conditions on this topic.
WHAT IS A CONTRACT FORWARD?
A forward transaction is a contract where the buyer and seller agree to buy or sell an asset or currency at a spot rate for a specified date in the future (usually up to 60 days). Forward contracts are conducted as a way to cover (hedge) future movements in exchange rates. Margin spreads are higher than in day trading.
WHAT IS A LIMIT ORDER?
A limit order is where you name a value that you want to open the contract or investment. If this rate occurs in the market, your order is automatically opened. After opening the position you will see the detail position in its trading platform. FXGIM not charge any fee for this service. This saves time and market observation every minute to see if the value is reached.
HOW DO I KNOW WHAT CURRENCY WILL RAISE OR DOWN?
The values of international currencies are highly volatile and very difficult to predict. Due to such volatility, no system that could assure you that transactions on the foreign exchange market should result in great benefits to you, nor is it possible to guarantee that your transactions would yield favorable results.
WHAT SHOULD I LOOK FOR IN A PLATFORM online trading?
There are many online platforms available to trade, FXGIM below shows the characteristics of our platforms
Key to look for in the platform of choice points:
■ level of personal service and support – live chat, tickt system
■ Personal Training
■ trading tools offered including charts, outlooks, news, financial calendars
■ easy to use platform – you can do everything online only you need to download software
■ convenient and fast so you can start trading
■ easy deposit methods – eg e-wallets, credit cards, bank transfers
■ 24 hour access to your account
■ leverage offered
■ accounts and differential as
■ exchange rates in real time
■ no hidden costs – commissions on deposits or withdrawals
■ Borderless maintenance
■ costs renewal / rolling fees for Day Trades
■ fixed rates and stop loss limits
■ safety execute the order in exact range.
HOW CAN I MAKE DEPOSITS FXGIM?
FXGIM offers your customers the opportunity to make deposits through credit cards and debit cards, bank transfer or by electronic wallets. We accept Visa and MasterCard. If you make a deposit by card, you can watch your funds on its platform at the time.
HOW CAN I WITHDRAW MY MONEY?
Simply go to the withdrawal page, download and complete the forms. Please note that withdrawals are credited with the initial deposit method, for example, if your initial deposit was via credit card, the withdrawal will be credited through the same method with surplus funds (if applicable) in your account designated bank.
I PAY TAXES?
FXGIM does not deduct or pay any taxes instead of you. It is your responsibility to comply with their tax obligations in their country of residence
The Forex market is a liquid market in the world are more than $ 5 trillion a day, there are always many people operating. This makes it easy to just get in and out of operations at any time to obtain liquidity immediately