QuestTrade Forex Canada
Posted on January 24, 2008
Filed Under Forex Brokers |
Forex, or FX, is the international market for trading foreign currency. In terms of trading volumes, the market is growing at an incredible rate: in the three years between April 2001 and April 2004, the daily turnover rose approximately 57% to $1.9 trillion. The Bank of International Settlements (BIS), the authors of the global currency survey, will be publishing a new report at the end of 2007. Their estimates point to a daily volume of USD $3 trillion.Two account types – the standard and the mini
If you’re new to currency trading, we recommend you start with a mini account. It is the perfect environment to embrace the excitement of real Forex Online Trading Systemscurrency trading. If you’re an experienced currency trader, the standard account is the obvious choice. You can trade up to $5 million per deal online. High volume traders are also eligible for reduced spreads.
QuestradeFX trade platform
Fast and competitive pricing, true one-click dealing, and robust order management. Our superior liquidity and automated dealing system significantly reduce the risk of slippage and re-quotes.
Support and free resources
Get fast, high-quality responses from our knowledgeable traders and client service team. You have 3 easy ways to contact us - use live help, email or phone. Of course we are always happy to see you in our office.
We offer free ForexCharts by eSignal, a complete charting package with over 20 analytical studies, advanced drawing tools and a page saving system to organize charts and layouts. Valued at $50/month, eSignal is FREE for all accounts that deposit USD $1000.
The value of a country’s currency can change daily, just like the stock price of a publicly-traded company. Tapping into those changes – buying or selling a currency – is foreign currency trading, and it is considered to be the largest, most dynamic, and most liquid market on the planet.
- There is no central physical market for currency trading.
- Foreign exchange is traded in what’s called an over-the-counter market.
- The largest commercial banks in the world are the most active currency traders. Next come central banks, hedge funds, corporations, and dealers like Questrade, who allow the public to participate.
- More than 80% of the daily volume of approximately $3 trillion USD is speculative in nature, meaning there is no physical delivery of currency between counterparties.
- Due to the vast and fragmented nature of the currency market, there is no comprehensive oversight. However, some commodity trading commissions and dealers have been trying to create internationally-accepted standards in the last few years.
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