Forex Trading Software Preview

GCI now offers both ICTS trading software (windows and java-based) and MetaTrader trading software:

ICTS Trading Software

Trade currencies on 2 pip spreads from the Dealing Rates Table or directly from real-time charts. You can set alerts, place conditional orders, and take advantage of our AFX news feed, live quotes, comprehensive real-time position and account tracking, and mobile trading access.

Prices from the "Dealing Rates" windows are constantly updating and can be clicked on at any time to place a trade. This full-featured trading platform also provides real-time account balance, P&L, and margin information, and real-time charts and news. Recent enhancements include the ability to "hedge" (enter opposite positions in the same currency without offsetting or using additional margin).
MetaTrader Trading Software
GCI now offers Forex and CFD trading on the popular MetaTrader 4 trading platform. Trading directly from charts, fractional lot capabilities, the ability to program trading signals, and unlimited charts and technical indicators are among the many benefits. MetaTrader is ideal for novice traders and professionals alike. All major currency orders are filled directly in the interbank market, with no dealer intervention or delays.

Test MetaTrader software for free: download the installation file (gci4setup.exe, 3.5Mb) to your PC, launch it and install the program, checking for instructions appearing on your monitor.

Forex trading

What is Forex Trading????????

The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.


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