WHat is Forex Market

 

FOREX is the most big financial market all over world in terms of both size and liquidity. Average liquidity of $4 trillion is traded globally each day. There is no other market in the world which trades such a huge amount on a daily basis.

The mechanism of FOREX is not complicated, it’s the exchange of one country’s currency for the currency of another country. With Forex you’re basically buying one currency, and selling another one. It is traded in by pairs such the great british pound and the United States Dollar = GBP/USD. There are some Forex pairs which are more traded than others and they are called majors for example Euro and US Dollar = EUR/USD, British Pound and US Dollar = GBP/USD, US Dollar and Japanese yen =USD/JPY, US Dollar and Swiss Franc =USD/CHF.

Alle over the day there is always a Forex trading being made somewhere in the world. The FX market is open 24 hours a day and only closes at weekends between 22:00 (GMT) on Friday and 22:00 (GMT) on Sunday.

The Foreign Exchange market is uncentralized; without physical location. Such stock markets are known as OTC [Over-the-Counter] where all transactions are processed electronically 24 hours a day between financial institutions around the world. Forex, stock trading hours:

REGION CITY Session OPEN [GMT] Session CLOSE [GMT]
EUROPE
London
08:00
17:00
Frankfurt
07:00
16:00
AMERICA
New York
13:00
22:00
Chicago
14:00
23:00
ASIA
Tokyo
00:00
09:00
Hong Kong
01:00
 
10:00
 
PACIFIC
Sydney
22:00
07:00
Wellington
22:00
06:00

 

 

OUR System and tools specification

 

FX-Momentum strategy is based on trading macroeconomic News Events, following the direction of the spike. The exit levels are set by the trading team on the basis of accurate analysis on deep historical series for estimating the deviation of the incoming.

This system trades with an average frequency of several trades per week, some months can have few trades and some others can get more trades made. The strategy uses additional filters to defend the account against potentially abnormal high spread and slippage during extreme volatile market events. The most traded currency pairs are GBPUSD, USDSEK, USDNOK, USDJPY, AUDUSD, USDCAD, EURUSD, NZDUSD and some crosses more with the same strategy in order to make a better diversification.

Managed in different ECN regulated brokers mostly with a regulation. The system will have different results in different brokers depending of the brokers liquidity and other possible factors. Every client will be informed which brokers combination are the best in the time been for his investments. Big funds can be recommended to be invested divided in different brokers at the same time to take advantage of the each broker's different liquidity.

Maximum Drawdown is set to 30% for each broker account but as you can see in past results it has never happen and the system gains huge profits. Customer is paying commission at the end of every month with 7 days payment date by SKRILL or bank transfer (The payments will be calculated and paid in EUR). We recommend to open the bank account, SKRILL accounts and Forex Broker Accounts in EUR.

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Terms of use

High Risk Investment Warning: Trading foreign exchange (Forex) carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to get Forex Managed Accounts offered by FX-Momentum you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with Forex trading on margin. FX-Momentum provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. FX-Momentum recommends you seek advice from a separate financial advisor.

Contact Us

Our company is located in Seychelles:

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E-mail: fx@fx-momentum.com