Forex Broker Interviews

Getting to know your Forex broker is very important if you want to trade with a large amount of money, or if you can't decide between two or more brokers. Interviews with the Forex brokers help to understand the broker's structure and its vision on the traders. If you are already trading actively with some broker, reading its answers on important questions will help you to get some insight on its future plans. Anyway, it is always interesting to know what some Forex broker thinks about what it is doing.

Interview with FXcast Forex Broker — my first interview with FXcast (at that time) rather new Forex broker, which is known for its no-spreads Swing trading platform and the variety of e-currencies accepted as a payment method.

Interview with FXOpen Forex Broker — questions to FXOpen head manager generally were about their rebranding, Islamic Forex trading and some other Forex related issues.

Interview with eToro — this interview is about eToro innovative Forex trading platform, which offers some of the most original ways to make money via Forex market combined with the intuitive interface.

Interview with FXCM — my first interview with such a large broker, it's mainly about various issues with FXCM, including managed accounts, Refco bankruptcy and other topics.

If you want me to make an on-line interview with your Forex related company or site, or if you have an idea for my next interview please, use this form to contact me.

Forex Advertising

EarnForex.com receives only high quality and extremely targeted traffic which comes mainly from search engines, online directories and Forex related forums. Visitors are highly interested in everything about Forex and financial trading. Constantly updated content keeps a large part of our auditory revisit EarnForex.com on a regular basis.

The advertising rates are quite moderate, making your Forex advertisements an effective marketing tool. Buying Forex advertisements (banners or text link) will bring you only high quality targeted visitors.

Following types of Forex advertisements are currently available (all placement options are site-wide unless otherwise stated):

Site except Blog part and Russian language part

Banner advertisement rates:

1. Top banner position, 468x60 (just below the title image) — $1200/month or $350/week. Unavailable.
2. Bottom banner position, 468x60 (just above the risk disclaimer) — $700/month or $200/week. Unavailable.
3. Menu banner position, 120x60 (under the site menu) — $350/month or $100/week. Unavailable.

Text link advertisement rates:

1. Bottom text link position (just above the risk disclaimer) — $175/month or $50/week. Available.
2. Menu text link position (under the site menu) — $175/month or $50/week. Available.
3. Featured text link listing on the "Forex Resources" page — $250/year. Featured link is showing in a bold style and appears above all non-featured links.

FXOpen Forex Broker

FXOpen is a major Forex trading service providers for the Islamic traders, but it doesn't limit itself to Muslim traders only. Anyone can benefit their "no overnight interest" system which is rare for MetaTrader 4 platform broker. They also offer trading courses which might be useful to the beginning traders. Regular contests and deposit bonuses with e-gold and WebMoney payment options make FXOpen a reasonable player on the Forex brokers market.

• Spreads — as low as 2 pips on EUR/USD.
• Minimum deposit for micro account — only $1.
• Minimum deposit for standard account — only $25.
• Instant order executions and quote handling.
• Margin leverage from 1:1 up to 1:500.
• Free unlimited demo accounts available.
• Regular technical research and market news available.
• Experienced and helpful support.
• 100$ bonus on new standard accounts.
• Trading contests.
• Trading courses for new traders.
• MetaTrader 4 platform.
• Muslim friendly trading system.
• Serious company for serious traders.
• e-gold and WebMoney billing options.

To open account with FXOpen — complete a registration process on their site and download a free MetaTrader 4 trading platform. Then you will be able to deposit money into your trading account and enjoy your Forex trading process.

You can also read an interview with the manager from the FXOpen about their company strategy and plans: Interview with FXOpen.

Moneybookers

Moneybookers is a British electronic payment, storage and money transfer system that is operated by Moneybookers Ltd., which is owned by Investcorp Technology Partners. Moneybookers was founded in 2001 and by its functionality is a competitor of other popular payment system PayPal. Like PayPal, Moneybookers doesn't offer any electronic currency, but the account balance can be uploaded and is measured in the common currency units.

Moneybookers requires mandatory account owner verification, which can be done via confirming the credit card, the bank account or the physical address. All three methods can be used together to increase the transfer limits that are active for all customers.

Moneybookers charges fees for sending the funds, which is usually quite convenient for the sellers and providers of the various paid on-line services.

Moneybookers is less popular in the world than PayPal or WebMoney, but is a convenient electronic payment system to use with the Forex brokers. It's a secure payment system that isn't anonymous and complies with the British anti-fraud laws. Unlike PayPal, Moneybookers is fully available to the residents of almost all countries in the world, making it potentially more widespread system

WebMoney

WebMoney is an electronic currency system operated by WM Transfer Ltd. There are several e-currencies circulating in this system, with the most popular being - WMZ (equals to $1 U.S.), WME (equals 1 euro) and WMR (equals 1 Russian ruble).

WebMoney utilizes several methods for their customers to access system accounts - WebMoney Keeper Classic (the most secure and fully functional access with highly sophisticated software), WebMoney Keep Lite (less secure, but still protected access - via Internet browser). Other methods are available but are rarely used. WebMoney can boast more than 100 million dollars daily turnaround funds and millions customers around the world. Though, WebMoney started as a Russian payment system, it is now became an internationally popular e-currency system with a large number of representatives in all over the world and the developed deposit/withdrawal system.

WebMoney is a highly secure on-line payment system, offering security through the special protected key-files - even if your password is hacked your funds are still secure. While generic WebMoney accounts are anonymous, money withdrawal transaction involve personal identification. These ways make WebMoney far more secured than e-gold or any other on-line payment system.

WebMoney is a good alternative for those Forex traders which search for fast, secure and easy-to-use method to fund their accounts without the troublesome worries with credit cards or bank wires. Many Forex brokers support WebMoney as the deposit/withdrawal option. Here is a short list of recommended Forex brokers supporting WebMoney.

Forex Tools

The presented Forex tools can assist you both in technical analysis and money management which will greatly enhance your trading results. All these online Forex tools are totally free and can be used at no cost:

MT4 Expert Advisors — Download free expert advisors for a Metatrader 4 trading platform. Test and use these EAs to empower your automated Forex trading and also to help the developing of your own Metatrader expert advisor or Forex strategy.

MT4 Forex Indicators — Free downloads of the MetaTrader indicators for a Metatrader 4 trading platform. You can use these indicators to improve your Forex trading strategy or develop your own MetaTrader 4 expert advisors.

Pivot Points Calculator — Four online web based pivot points calculators will help you to generate pivot points for any given time period. Pivot points are used to as the most important market trend points, where trend can meet support or resistance and actually change its course. Floor, Tom Demark's, Woodie's and Camarilla pivot points building rules are available with this free calculator. You don't need to download any software, just fill the form and get instant pivot point, resistance and support levels.

Pip Value Calculator — How much is one pip? How about EUR/CHF or CAD/JPY? With this free and fast online tool you can find out the value of 1 pip in USD for any lot size and any major or cross currency pair. Fill the form and get the pip value in one moment. No need to download any software!

Fibonacci Calculator — The web based Fibonacci retracement calculator will help you to generate basic Fibonacci retracement values for any given trend. These retracement values can be used as the most natural points of support and resistance for a given trend for any currency pair. On the currency trading market, the use of Fibonacci retracement levels to set orders and targets is one of the best ways to organize trader's portfolio.

Forex Books for Beginners

Here you will find the Forex e-books that provide the basic information on Forex trading. You can learn basic concepts of the Forex market, the technical and fundamental analysis. While all these e-books are recommended for every new Forex trader, they won't be very useful to the very experienced traders.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Candlesticks For Support And Resistance — The basics of trading with candlesticks charts by John H. Forman.

Online Trading Courses — Course #1 lesson #1 by Jake Bernstein.

Commodity Futures Trading for Beginners — by Bruce Babcock.

Hidden Divergence — by Barbara Star, Ph.D.

Peaks and Troughs — by Martin J. Pring.

Reverse Divergences And Momentum — by Martin J. Pring.

Strategy:10 — Low-risk, high-return forex trading by W. R. Booker & Co.

The NYSE Tick Index And Candlesticks — by Tim Ord.

Trend Determination — A quick, accurate and effective methodology by John Hayden.

The Original Turtle Trading Rules — by OrignalTurtles.org.

Introduction to Forex — by 1st Forex Trading Academy. This trading course intends to provide to all of the students analytical tools on the trading system and methodologies. In this respect, the purpose of the course is to provide an overview of the many strategies that are being used in Forex market and to discuss the steps and tools that are needed in order to use these strategies successfully.

Forex FAQ

You can read the detailed answer in the separate section of the site — "What is Forex?".

How can I start trading Forex?
You'll need to register a trading account with a Forex broker, such as Marketiva. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!

Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an Interbank market, meaning that it's transactions are conducted only between two participants - seller and the buyer. So as long as existing banking system will exist, Forex will be here. It's not connected to any specific country or government organization.

What the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).

What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.

What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up.
Short position is a "sell" position, meaning that this position will be in profit if price goes down.

What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs.

Pakistan's forex reserves rise to $11.22 bln

KARACHI, April 16 (Reuters) - Pakistan's foreign exchange reserves rose by $50 million to $11.22 billion in the week ended April 11, the central bank said on Thursday.

The State Bank of Pakistan's reserves rose to $7.86 billion from $7.80 billion a week earlier while reserves held by commercial banks marginally fell to $3.36 billion from $3.37 billion, the bank said.

Pakistan recently received $500 million from the World Bank and $848 million from the International Monetary Fund, which was reflected in the data last week.

Foreign reserves hit a record high of $16.5 billion in October 2007 but fell to $6.6 billion in November last year, largely because of a soaring import bill.

Pakistan agreed in November to an IMF emergency loan package of $7.6 billion to avert a balance of payments crisis.

Munaf Kalia arrested in $10 billion forex scam

KARACHI: Federal Investigation Agency (FIA) has arrested a local money changer company chief Munaf Kalia during probe of a foreign exchange scam.According to details, the FIA during the operation against people involved in the massive foreign exchange scandal arrested the Chief of local money changer firm Khanani and Kalia, Munaf Kalia on Friday night.

FIR has been registered against Mr. Munaf Kalia.

The federal government has constituted at least four teams for the operation, which will arrest some other key figures in the case.

Earlier the investigation agencies arrested at least 12 people during the massive operation against the money changers reportedly involved in sending the foreign exchange worth $10 billion abroad.

The operation was put in action after intelligence agencies gathered reports regarding the illegal activity.

The arrested people are said to be involved in illegally sending US$ ten billion abroad, causing a big blow to the national economy.

According to reports some NADRA people have also been arrested in the scam. According to sources, these people helped the money-changers involved in the scandal by providing them duplicate identity cards.

Furthermore, the offices of Khanani and Kalia situated at I.I. Chundrigar Road and other parts of the country have been sealed off and the officials of a federal intelligence agency have been deployed outside the premises, reports said.

According to the sources, the names of the main characters of the foreign exchange scam have also been put at the exit control list.

Gul, Afridi restrict Aussies to 198

ABU DHABI: Michael Clarke hit a fighting half-century but Australia still managed just 198-7 in their allotted 50 overs in the third day-night international against Pakistan here on Monday.

The 28-year-old right-handed batsman scored 66, adding 54 with Callum Ferguson (41) for the fifth wicket as Australia were made to struggle for runs after they won the toss and decided to bat on a flat Abu Dhabi Stadium pitch.

Clarke, who hit eight boundaries during his 93-ball knock, also added 46 for the third wicket with opener Brad Haddin (26) after Australia lost two early wickets with James Hopes (15) and Shane Watson (nought).

Australia lost Hopes in the sixth over when he failed to beat a direct throw from Pakistan captain Younus Khan and was run out. Watson was bowled by Gul off an inside edge.Clarke and Haddin steadied the innings before Shoaib Malik removed Haddin, while leg-spinner Shahid Afridi had the dangerous Andrew Symonds for seven.

Clarke fell in the 39th over to end Australia"s hopes of a big total as David Hussey (ten) and Ferguson also went in quick succession, trying for quick runs.Ferguson hit four boundaries during his 68-ball knock.

Pakistani bowlers kept a tight line and length with paceman Umar Gul returning the best figures with 3-38, while Shahid Afridi took 2-31. Off-spinner Saeed Ajmal, reported for suspect bowling action on Sunday, failed to get a wicket.

Pakistan left out pacemen Shoaib Akhtar and Rao Iftikhar and brought in all-rounders Yasir Arafat and Sohail Tanvir from the line-up that lost the second match by six wickets on Friday.Australia, who lost the first match by four wickets, replaced Ben Laughlin and Doug Bollinger with Stuart Clark and Ben Hilfenhaus.

Australia won toss

Australia

J R Hopes run out 15

�B J Haddin b Malik 26

S R Watson b Gul 0

*M J Clarke c and b Afridi 66

A Symonds lbw b Afridi 7

C J Ferguson c Tanvir b Gul 41

D J Hussey c Arafat b Gul 10

N M Hauritz not out 19

N W Bracken not out 2

Extras (b3, lb3, nb2, w4) 12

Total (7 wickets, 50 overs) 198

Did not bat: S R Clark, B W Hilfenhaus

Fall: 1-28, 2-28, 3-74, 4-91, 5-145, 6-168, 7-188

Bowling: Gul 8-0-38-3, Tanvir 6-1-28-0, Arafat 7-1-31-0, Afridi 10-2-31-2, Malik 10-2-22-1, Ajmal 9-0-42-0

Pakistan: Salman Butt, Ahmed Shahzad, *Younis Khan, Shoaib Malik, Misbah-ul-Haq, Shahid Afridi, �Kamran Akmal, Sohail Tanvir, Umar Gul, Yasir Arafat, Saeed Ajmal

Umpires: B F Bowden (New Zealand), Asad Rauf (Pakistan). TV umpire: Nadeem Ghouri (Pakistan). Match referee: J J Crowe (New Zealand)

caption

ABU DHABI: Australia"s Shane Watson (centre) is clean bowled by Pakistan"s Umar Gul (unseen) during their third one-dayer here on Monday

Kalia Group is running the following projects other than Khanani and Kalia International (Pvt.) Ltd:

KKI initiated the diversified currency exchange business and evolved as leaders in this business. Its wide variety of customer services, together with its rapid growth, unique financial system and value added services has provided the platform for the emergence of KKI as the leading Exchange Company of Pakistan.

To evolve a documented economy, in 2003, State Bank of Pakistan converted money changers throughout the country into exchange companies. Under the rules and regulations stated by SBP, all the exchange companies have been granted permission to make home remittance transactions, making of traveler’s cheques, issuing demand drafts besides the core business of currency exchange catering the customers at national and international levels. KKI sincerely embraced the decision and holds the privilege to stand among the early birds to get the exchange company license by SBP.

Since its transition as an Exchange Company, KKI has reflected its true zeal and commitment to bring documentation and transparency in its line of business and supported SBP in the progress of country’s economy. ISO certification is also a concrete step towards the documented economy and the standardization of our products, our system of operations and good will of the economy. Now, we have entered into a new era of Security Management through ISO 27001. KKI, after realizing the need of a secure system and ensuring the confidentiality, integrity and availability of the information that it holds, achieved ISO 27001(Information Security Management System i.e. ISMS). We are the first and the only exchange company of Pakistan which has achieved this certification.

KKI has spread its roots from Karachi to Khyber through its branches and franchises, where as, through international correspondents, it has also expanded its network internationally as well. Its wide spread network, extraordinary customer care and trustworthy customer relation have given the privilege to KKI to stand as the most inspiring name in its industry. However, the same customer confidence has bent KKI to serve its customers with the best products and services.

KKI has also setup IT culture and equipped its network with sophisticated IT softwares, systems and procedures not only for the ease and comfort of the staff but also to face the challenges of 21st century with pride.

MUSLIM S REACTION TO OBAMA S SPEECH IN TURKISH PARLIAMENT

Note: Obama’s recent speech in the Turkish parliament - in which he directed some words to the Muslim world - has triggered some different reactions; some saw that Obama, while extending a firm hand of friendship to the Muslim World, has placed the ball in the Muslim court as indicated in the following article by Musqtedar Khan.

Others are more sceptical and are waiting to see the American President walk the talk. In the next article Khalid Amayreh goes beyond Obama’s speech to question the policy in this opinion piece.

I.
OBAMA SHOOTS: BALL IN THE MUSLIM COURT

By Muqtedar Khan

On Monday, April 6, 2009, President Barack Obama gave his much awaited address to the Muslim World. As expected it was honest, straight forward, did not mince words, did not eschew issues, and above all went far beyond any previous American Presidential speech in trying to genuinely connect with Muslims.
Obama's speech to the Turkish Parliament really was a combination of two speeches. The first part of his speech addressed Turkey and the second part was directed to the wider Muslim audience. Both elements of this address were remarkable.

REMARKS TO TURKEY

Obama finally said what Muslim thinkers and analysts wanted to hear.
Acknowledging Turkey's growing importance and significance on the international stage, Obama reaffirmed Turkey's status as the Muslim country closest to the West. His message to Turkey touched upon a few tricky issues but more or less underscored the durability of US-Turkish relations; it expressed hope that the two countries would move beyond their disagreement over Iraq, specially given the fact that the new administration's Iraq policy is more inline with Turkish interests.
Obama described Turkey as an important part of Europe and referred to its secular democracy twice without acknowledging the growing Islamic sentiment in the Turkish public sphere. He made an oblique reference to it towards the end of his speech but clearly his formal remarks were more to the liking of the secularists in Turkey than AKP's constituency. I suppose the White House assumed that the part of the speech addressing the Muslim world included those in Turkey who saw themselves as part of the Muslim World more than part of Europe.
Obama's speech, the part that addressed the Muslim World, was extraordinary both in the specific issues it addressed and the new philosophical and political standpoint that the United States is taking vis-à-vis Muslims. Right off the bat, Obama finally said what Muslim thinkers and analysts like me who have worked hard to build bridges between the United States and the Muslim World wanted to hear … "Let me say this as clearly as I can: United States is not, and will never be, at war with Islam." It could not be more emphatic than that.

WAS AT WAR & NO LONGER IS

Obama did not include an assertion that the United States was never at war with Islam.
As a caveat, it must be noted that he did not include an assertion that the United States was never at war with Islam. Perhaps he recognizes that given the policies pursued by the Bush Administration such a claim would not have been credible to a Muslim audience.
His entire speech was designed to signal that America has changed. The new America is not at war with Islam and is extending a hand of friendship and seeks cooperation and understanding with the Muslim World. He reiterated his commitment to a two-state solution in the Middle East conflict and reminded the audience of his new approach to Iran.

Two assertions in his speech are very significant and I recommend that Muslim nations take them on face value and work with President Obama to make them a reality. First, he asserted that relations with the Muslim World cannot and will not be based only on opposition to terrorism, recognizing that need for broader and deeper engagement. He even sought to articulate a few areas, such as education, development, health care, where America and the Muslim world could work together for better futures for their peoples.
Secondly, his remarks on the use of force were so refreshing. He said: "But force alone cannot solve our problems, and it is no alternative to extremism. The future must belong to those who create, not those who destroy. That is the future we must work for, and we must work for it together." He at once repudiated the violence coming from extremists and also the use of force by Western powers recognizing that violence does not construct anything. It can be of paramount significance if the United States adheres to this philosophy in its policies. Can it in practice replace the mantra "force is always on the table" with "force is not an option"?
Can the Unites States in practice replace the mantra "force is always on the table" with "force is not an option"?

Obama brought all his chips to the table and bet them all. He even talked about the fact that he has Muslim family members, like many Americans, and suggested that this shared relations is another reason for better relations between America and the Muslim World.

Frankly, I cannot imagine him saying more without compromising America's legitimate interests and his own political future. He has extended a long and firm hand of friendship to the Muslim World. The ball is now in the Muslim court.

NOTE: At the time this article was written, the Obama administration was preparing the US Congress for a possible confrontation with Israel over Israeli Prime Minister's possible refusal to act on Israel's commitments to the peace process.

This is indicative that Barack Obama is not just a man of beautiful of words he is also determined to act.

*
Prof. Muqtedar Khan is Director of Islamic Studies at the University of Delaware, U. S., and Fellow of the Institute for Social Policy and Understanding.

Foreign Exchange Trading - An Islamic perspective

General consensus is that foreign exchange markets trading is permissible under Islamic law where the trading is of one currency for another. However, there is some debate whether forward trading on foreign exchange markets is prohibited under the Riba prohibition rules of Islamic law. Some of the differences in opinions are because of the varying interpretation of Fiqh by the various schools of thoughts.

However, despite such differences, foreign exchange (forex) trading has been exercised by numerous Muslims in the Middle East for many years. For most, investing in the foreign exchange markets has been the best source of investment, especially when stock trading has not been very easy until recently for people living in the Middle East.

My question is about on Online Forex Trading

My question is as follow with a little introduction on Forex. "Forex, or Foreign Exchange, is the simultaneous exchange of one country’s currency for that of another. We provide foreign exchange for the purpose of investor speculation.

The investor wishes to purchase or sell one currency for another with the hope of making a profit when the value of the currencies change in favour of the investor, whether from market news or events that takes place in the world. Currencies are usually purchased by the lot, where the lot represents 100,000 units of the base currency. @Depending on whether the trader believes a currency pair will increase or decrease, the trader will either buy lots or sell lots of the pair and try to make a profit from market movement."

Now the normal accounts which are offered contains dealing with Interest. So I asked them for an account which does not have any relationship with Interest either in dealing with it or in consumption. They told me that they do provide accounts for Muslims.

Quote "In respect for the Muslim religion, FXCM is willing to extend a courtesy to Muslim clients whose religion prohibits them from paying/receiving interest. If you wish to trade interest-free you will incur an additional charge of $3 per lot traded (round-turn) on the regular FXCM account" I would like to know that would this Interest Free Account be Halaal?

Muslim Friendly Forex Brokers

Shariah, or Islamic law prohibits any interest to be paid on an investment. However, the rollover interest from a forex position is a key aspect of forex trading. Thus the question arises, how can a Muslim forex trader from Saudi Arabia or the United Arab Emirates (or indeed a Muslim from any other country who wishes to trade forex in accordance with Shariah law) do so without violating Shariah law? Fortunately, it is possible to find a forex brokwho can provide an account which charges no overnight interest. Such swap-free accounts are usually offered only to Muslims in order to prevent abuse by other forex traders. To substitute for the revenue from a missing swap, forex brokers usually charge a flat fee for this service.

The following is a list of forex brokers which are suitable for Muslim Forex traders, allowing them to open the accounts without overnight interest (often called 'no Riba' accounts). These forex brokers are appropriate for forex traders from Iran, UAE, Saudi Arabia and other countries in the Middle East.

FXOpen Forex Broker

FXOpen is a major Forex trading service providers for the Islamic traders, but it doesn't limit itself to Muslim traders only. Anyone can benefit their "no overnight interest" system which is rare for MetaTrader 4 platform broker. They also offer trading courses which might be useful to the beginning traders. Regular contests and deposit bonuses with e-gold and WebMoney payment options make FXOpen a reasonable player on the Forex brokers market.

• Spreads — as low as 2 pips on EUR/USD.
• Minimum deposit for micro account — only $1.
• Minimum deposit for standard account — only $25.
• Instant order executions and quote handling.
• Margin leverage from 1:1 up to 1:500.
• Free unlimited demo accounts available.
• Regular technical research and market news available.
• Experienced and helpful support.
• 100$ bonus on new standard accounts.
• Trading contests.
• Trading courses for new traders.
• MetaTrader 4 platform.
• Muslim friendly trading system.
• Serious company for serious traders.
• e-gold and WebMoney billing options.

To open account with FXOpen — complete a registration process on their site and download a free MetaTrader 4 trading platform. Then you will be able to deposit money into your trading account and enjoy your Forex trading process.

You can also read an interview with the manager from the FXOpen about their company strategy and plans:

Muslim Forex Brokers

A list of Forex brokers which are friendly to Muslim Forex traders, allowing them to open the accounts without overnight interest (no Riba accounts). Such brokers can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
FXOpen	$1	+	+	-	-	+	+	9.1
InstaForex	$1	+	+	+	-	+	+	4.1
FXcast	$10	+	+	-	-	-	+	8.0
Marketiva	$1	-	+	-	-	+	+	6.9
Forex.com	$250	+	-	-	+	+	-	5.0
X-Trade Brokers	$2,000	+	-	+	-	+	-	4.5
Tadawul FX	$1,000	+	-	-	-	+	-	6.7
Forex.CH	$2,000	+	-	-	-	+	-	4.8
IKON GM – Royal Division	$2,500	+	-	-	-	+	-	6.5
MGFOREX	$500	-	-	-	+	+	+	6.5
Pip Forex	$200	-	-	-	-	+	+	4.8
MFN	$500	-	-	+	-	-	+	5.8
GCI Financial	$2,000	+	-	+	-	-	+	4.8
Xforex	$50	-	-	-	+	-	+	5.3
Forex-Metal	$1	+	+	+	-	-	+	6.1
One Financial	$1,000	-	-	+	+	+	-	6.5
NordMarkets	$1,000	-	-	-	-	+	-	6.8
ForexGen	$250	+	-	-	-	-	+	2.7
FXTSwiss	$2,000	+	-	-	-	-	+	4.5
InvestTechFX	$100	+	-	+	-	+	+	8.4
Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
Apex FX Trading	$2,000	+	-	-	-	-	+	4.3
ForexYard	$100	-	-	-	+	-	+	5.2
Arab Financial Brokers	$2,000	+	-	-	-	+	+	7.1
FX|Clearing	$10	+	-	-	-	+	+	8.7
EMPFX	$300	-	-	-	-	-	+	4.8
FXCH	$2,000	+	+	-	-	-	+	4.8
FX-PRO	$1,000	+	-	-	-	-	+	4.0
CGTIM	$1,000	+	-	+	-	-	-	4.5
Taurus Global Markets	$5,000	+	-	+	-	-	+	4.8
Forex Place	$100	+	-	+	-	-	+	6.1
Wall Street Brokers	$10	+	-	+	-	-	+	7.6
FXM Financial Group	$10	+	+	-	-	+	+	7.0
StartForex	$100	+	-	-	+	-	+	5.0

Foreign Currency Exchange Trading:

There are a host of trading opportunities that await investors or a businessman of every n any business who choose to participate in foreign currency trading, a market that operates around the world. Unlike any other market, foreign exchange (also called OTC forex market) is open for business 24 hours. The primary market for foreign currency trading is known as the Interbank market and it follows the sun around the world each and every day. Currency trading is not conducted on a regulated exchange, and as a result there are associated risks and analysis with forex trading. Because the market for foreign currency trading is open almost all of the time, it affords hugest opportunities for timing trades allowing you to secure the maximum advantage from your online trading - whether you trading foreign currency or stock trading. Let Global Forex Trading help you to realize the profit ratio that are available through the forex market. Browse through our informative web site today and learn how we can help with all of your foreign currency trading needs.

Stocks Profit definition:-

The profit which become gain by the stock is known as the stock profit. The business equity is totally depends the profit of the stock. Stock is the vehicle of choice for those who do. The modern stock market exists as a way for entrepreneurs to finance businesses using money collected from investors. In return for paying up the dough to finance the company, the investor becomes a part owner of the company. That ownership is represented by stock specialized financial "securities," or
financial instruments that are "secured" by a claim on the assets and profits of a company.

Profit Definition:-

The positive earn from an investment or a business operation through after subtracting for all expenses opposite of loss is known the Profit Definition. Profit generally is the making of earning in business activity for the benefit of the owners of the business or any investment. The word comes from Latin meaning "to make progress," is defined in two different ways, one for economics and one for accounting.
Pure economic profit is the increase in wealth that an investor or a bisnessman has from making an investment, taking into consideration all costs associated with that investment including the opportunity cost of capital. Accounting profit is the difference between price and the costs of bringing to the market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses. A key difficulty in measuring either definition of profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.

Exchange Rate:-

Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
The price of a currency expressed in terms of another currency. The basis of all exchange rates
is the rate for sight exchange or the exchanges rates(that is, a bill or draft which is payable at sight, which means on demand or presentation). The rate for a time bill or long bill (one payable at a specified future date) is the rate for a sight bill, low interest on the amount of the bill from the date of its issuance to the date of its payment. This allowance for interest is made because the seller of the bill has the use of the money paid by the buyer for it until its payment. Interest is figured at the rate prevailing where the bill is payable for the reason that the bill is domiciled, that the place of its payment is the place of its legal existence, or rather will be after its acceptance, and the presumption is that it will be promptly accepted by the one upon whom it is drawn on its presentation to him. so this is known that the exchange rate.

Economic Analysis

Futures Markets Research, Support, and Education

The growth in the number of markets that trade and clear a wider array of complex derivative products requires analysis and research to determine the appropriate regulatory approach to these markets and products. CFTC monitors a large and diverse array of markets, including new energy products, new types of “event-related” markets, such as corporate actions, derivatives on economic statistics, derivatives on credit events, derivatives on weather and derivatives on exchange-traded commodity funds.

The CFTC Office of the Chief Economist conducts research on major economic issues related to the futures and options markets; participates in the development of Commission rulemakings; provides expert economic support and advice to other CFTC offices; conducts special studies and evaluations; and participates in the in-house training of staff on matters related to futures, options, swaps, and risk management.

International

The CFTC's international program supports the Commission's ability to meet the challenges of global financial markets. The Office of International Affairs staff compiles information on applicable law and procedures in jurisdictions around the world; coordinates U.S. information sharing requirements pertaining to oversight and regulation of futures and options; supports the CFTC as it promotes U.S. interests in international fora; and assists foreign regulators in inter-jurisdictional issues involving the U.S.

Foreign Regulatory Authorities
Firms that solicit and/or accept derivatives business from persons located outside the U.S. should be aware of the relevant foreign laws and rules that apply to such business. Rules may vary regarding, for example,

• the need for registration or authorization by a foreign regulator
• the treatment of solicited versus unsolicited business
• retail versus institutional customers and
• Internet-based business.

Market Reports

These reports are released on a weekly, monthly or annual basis to provide information to industry participants and the public about the futures and options markets.
These reports are released each Friday at 3:30 p.m. and provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
This report is based on the Commitment of Traders (COT). For each commodity, the COT reports provide information on the size and the direction of the positions taken, across all maturities, by three categories of futures traders. These three trader categories are called “commercial”,”non-commercial”, and “non-reportable”..

An Important Mission in the Ever-Changing World of Finance

Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency's mandate has been renewed and expanded several times since then, most recently by the Commodity Futures Modernization Act of 2000.

In 1974 the majority of futures trading took place in the agricultural sector. The CFTC's history demonstrates, among other things, how the futures industry has become increasingly varied over time and today encompasses a vast array of highly complex financial futures contracts.

Today, the CFTC assures the economic utility of the futures markets by encouraging their competitiveness and efficiency, protecting market participants against fraud, manipulation, and abusive trading practices, and by ensuring the financial integrity of the clearing process. Through effective oversight, the CFTC enables the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.

The CFTC's mission is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.

Foreign Currency Trading

UPDATE: On May 22, 2008, the Congress passed H.R. 6124, the Food, Conservation, and Energy Act of 2008 (also known as “the Farm Bill”) which contains several amendments to the Commodity Exchange Act (“CEA”). In particular, Title XIII of the Farm Bill (1) clarifies that the CFTC’s anti-fraud authority applies to certain retail off-exchange foreign currency transactions, (2) creates a new registration category for retail foreign exchange dealers, (3) requires registration for those who solicit orders, exercise discretionary trading authority and operate pools with respect to retail off-exchange foreign currency transactions, and (4) imposes minimum capital requirements for futures commission merchants and retail foreign exchange dealers that act as counterparties to such transactions. Parts of the legislation, particularly those confirming the Commission’s anti-fraud authority, were effective upon passage. Other parts of the legislation, such as those requiring the registration of parties engaged in these transactions and minimum capital requirements, will only be effective upon the Commission’s issuance of final regulations. Any such changes to the information below will be accomplished through notice and comment rulemaking and will be made available in the Federal Register section of CFTC.gov.

A complete description of the amendments to the CEA effected by Title XIII of the Farm Bill can be found in the Joint Statement of Managers, pp. 291-299, which can be accessed through the House Agriculture Committee’s Farm Bill Homepage. Interested parties should monitor the Commission’s website as well as the National Futures Association’s website, for developments.

The Forex Market

For the last three decades Foreign Exchange market, - briefly Forex or FX, had integrated into the world's biggest financial market. The volume of daily transactions is about 1-3 trillion of US dollars. The trading instruments on this market are the currencies of different countries, so the fluctuation of currency's rates allows to gain a real profit.

Of course monetary assets of different countries exchanged since the term money appeared as well as an idea to obtain profit from currency's rates difference. Now it is not a new idea, but the transformation of foreign exchange market to the modern stage with an opportunity to conduct conversional operations of such volumes arose only after an introduction of floating rates regime by the state-members of IMF. Within this regime's framework the rate of one currency to another is defining only by the supply and demand on the market.

Presently Forex market is a global telecommunication network of banks and different financial organizations. It does not have any fixed trading place and time restrictions - the trade starts on Monday morning in New Zealand and closes on Friday evening in USA

The advantages of Forex market are:

Round-the-clock trading access: the ability to trade for 24 hours a day;

Liquidity: the market works with a huge money and gives the customers complete freedom to open or close their position of different volume;

Leverage: an ability to use leverage. It decreases requirements to the sum of the initial deposit (margin trade). So in case you deposit 10 000 USD into your account you'd have an opportunity to work with 1 000 000 USD (leverage 1:100);

Objectivity: no exterior regulated structures, so the currency's rate is establishing in accordance with current supply and demand on the market;

Globality: everyone can become a market participant irrespective to the living place, as trading requires only your skills and Internet access.

At present mostly all the operations on the market are conducting only to obtain profit. With the development of Internet and other means of communication this sector of the financial markets becomes more accessible and attractive for the investors of different levels.

Forex Trading Information

FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.

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Welcome to FOREX.pk

Forex.pk, Pakistan's best forex portal provides you upto the minute forex rates in Pakistan Open Market, Pakistan Inter Bank & International forex market. Here you will find forex rates archives, graphs, charts, forex news, forex dealers directory, currency directory, gold prices, pakistan prize bond results and a wide range of information to help you explore the world of forex