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Wednesday, 16 April 09:11 (GMT -05:00)


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Foreign exchange market

New Account Types at NordFX


Despite its young age (2008 – year of establishment), NordFX, a division of Nord Group Investments Inc., an investment financial company, is well known globally, including in the post-soviet space. During this short period of time NordFX managed to be nominated the Best Foreign Currency Broker, the Best Platform for Retail Trading in Foreign Currencies, the Best Foreign Currency Trading Expert etc. This is the broker that real pros of the forex market trading and absolute newcomers who are only starting to master the ins and outs of trading in the international forex market cooperate with.
 
NordFX has many features appealing for the trader, including an abundance of accounts the broker offers to its partners. Choosing the account is entirely up to the trader who should take into consideration his or her experience, available capital and the trading platform they use.
 
Micro
It best suited for beginner traders who are still preparing for real money: the minimum deposit – $5, the minimum lot – 0.01, leverage – 1:500, 21 currency pairs.
 
Welcome!
Intended for people who want to find out how the broker works. Similar to the Micro account. However, $8 is credited to the trader's account straight away. Margin Call/Stop Out – 40%/20%.
 
Standard
The name speaks for itself. The minimum deposit – $50, the minimum lot – 0.1, leverage – 1:200, 44 currency pairs plus gold and silver, Margin Call/Stop Out – 40%/20%.
 
Standard-MT5
Intended for trading through MetaTrader 5 (NordFX offers its traders as many as four different platforms). Terms and conditions are mainly similar to those in the Standard account.
 
Premium
For VIP partners. The minimum deposit – $50,000 plus custom services and lower spreads for currency pairs.
 
MT-ECN
Suitable for experienced traders and helps to minimize costs. Operates in MetaTrader 4 with prices streamed directly from ECN Currenex, without any adjustments. The minimum deposit – $1,000, the dynamic spread – from 0 pips, the maximum lot – 20 (with an increment of 0.1).
 
Integral
For hugely experienced pros who can work through NFX Trades or by using the FIX protocol. The minimum deposit – $20,000, the dynamic spread – from 0 pips, the maximum lot – unlimited.
 
CQG
For those accustomed to trading through the globally acclaimed CQG Trader platform. The minimum deposit – $50,000.
 
Late last year NordFX offered its traders another account type:
ZuluTrade
NordFX was able to introduce this account through close cooperation with ZuluTrade, a major automated trading developer in the international forex market. By using the ZuluTrade account, the trader can trade both manually and automatically. This account is characterized by the following features:
• Minimum deposit — $50 (or €50).
• Leverage – 1:200;
• 44 currency pairs, gold and silver.
• Minimum lot – 0.01.
• Maximum lot – 50, increment – 0.01.
• Spreads – from 1 pip;
• Maximum volume of open trades — unlimited.
• Number of open trades and pending orders – unlimited.
• Margin Call / Stop Out – 40% / 20%.
• No Trailing Stop support.
• Automated trading based on laws of logic and rules out emotion.
• A wide selection of signal providers.
• Exclusive signal provider rating system.
• Trading any time of day and night (even if the PC is off).
• Full control of the account.
 
A fee is charged from this account for using the ZuluTrade system (further details of amounts are available at the broker's official web site, www.nordfx.com).
 
Regardless of the account type that the trader chooses at NordFX, it is easy and fast to open as you don't have to prepare a pile of papers and send them by mail. Just fill out a short form on the broker's web site. Accounts can be funded online through such electronic payment systems as Webmoney, Liberty Reserve, Moneybookers etc. When transferred, funds become immediately available in the trader's trading account.
 
NordFX holds a very high second place of the Supreme League in the Forex Brokers' Rating of the Masterforex-V Academy. Almost a third of the points NordFX won in the Forex Brokers' Rating comes from traders as a result of their positive feedback on this broker's service.

 

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USDCNY Outlook

 

In order to stop the economic slowdown, the Chinese financial authorities are ready to reconsider their monetary and budget policies.   At the same time, the Chinese government is determined to back those reforms and to make then national currency more flexible in order to take it one step closer to a free floating currency, Market Leader reports.
Publication date: 15 April 06:03 PM

Dollar Tests Major Level

 

As of April 15th, the US Dollar keeps gaining value against other major currencies. During today’s European trading session, the index reached 79,90, which is a key level of resistance.
Publication date: 15 April 11:58 AM

USDJPY Outlook

 

Today, April 15th, the US Dollar is up by 0,06% against the Japanese Yen. During the American trading session, USDJPY is trading around 101,900.
 
SEB, one of the biggest banks is Sweden , is currently seeing the Japanese currency as the only safe-haven asset in the international currency market amid global geopolitical instability and some financial risks.
Publication date: 15 April 11:25 AM

FOREX: US Dollar Gains Value

 

The USD index was trading around 79,50 right after the start of this trading week. The European trading session turned out to be bullish fro the index, which indicated the overall strength of the American currency against other majors.
Publication date: 14 April 10:31 AM

Forex: EURUSD Goes 0,27% Down After Draghi’s Speech

 

Today, on April 14th, the common European currency is down against the US Dollar. The European currency lost 0,27% of its value against its American counterpart. Today's European trading session started with a bearish gap (1,3879 - 1,3858). The currency pair is currently trading around 1,3851.
 
Publication date: 14 April 06:27 AM

Professional Traders Say How to Make Money at Forex

 

Forex is considered to be the main financial market; it was opened in 1971. The main product at Forex is made up by currencies of various countries worldwide. Forex market is characterized by constant fluctuations, conditioned by the vast number of its participants. This results in numerous deals and fluctuation of quotations.
 
For has become very attractive to private persons due to the development of various connection technologies, for this gave people a unique opportunity to make deals with a help of a broker. Owing to it, any participant of Forex market can take a credit (provide a credit leverage), and correlation between credit resources and the sum of the account may reach 1 to 1000.
 
What do investments at Forex mean, and how to make money at Forex currency market? The “Market Leader” has asked these questions to the professional traders of the best Forex studying project in Europe in 2009-2013 Masterforex-V Academy.
Publication date: 13 April 01:06 PM

Forex: Will Yuan Oust Dollar?

 

A couple of decades ago, the Renminbi (the Chinese Yuan) used to be called «toilet paper». These days, this is among the world's TOP 10 currencies. Its share in the global currency reserves has quadrupled from 2% to 8% over the last few years.
 
At this point, the Chinese Yuan has almost ousted the US Dollar from Eastern Asia. The Renminbi definitely rocks there! Still, this is not the end.
 
Publication date: 11 April 03:53 PM

Traders Share GBPUSD Trading Tips

The strengthening of the British Pound  exerted severe pressure on the US Dollar. In its turn, the weakening of the US Dollar pushed gold prices higher. Still, despite the negative correlation between the US currency and gold, the latter keeps lagging behind other precious metals (including silver and platinum) in terms of profitability.
 
Publication date: 11 April 12:40 PM

In Optionova accept that the U.s. dollar decays against the pound because of the development of mechanical processing in Britain

 As stated by the ONS (Office for National Statistics), the UK mechanical processing rose in February by 0.9 % contrasted with January of that year. Figures of development for February were the greatest qualities, since June 2013. As stated by the effects of the yearly report, the increment was 2.7 %.

 

Publication date: 11 April 04:21 AM

FOREX: NZDUSD Outlook

 

The volume of credit/debit card payments didn't change in March. This is confirmed by the recent official report. Still, the New Zealand Dollar gained some support against the US Dollar amid positive economic data from Australia and the fact that investors are getting riskier.
Publication date: 10 April 06:38 PM