Introducing a NEW & easy way to trade…
Trading Foreign Currencies through Friedberg Direct, you get greater leverage than futures contracts - but with strictly limited risk!
Friedberg Direct is a new way for active traders to gain easy access to the largest market in the world—foreign exchange.
The over-the-counter foreign exchange (forex or FX) market trades over $2 trillion U.S. a day, an amount 46 times bigger than all the futures markets in the world combined. The FX is known to be the most liquid market in the world.
So, what's the catch? In the past, the global forex market was used primarily by larger entities trading currencies for commercial and investment purposes through banks. But now new trading platforms, such as the one provided by Friedberg Direct, allow smaller financial institutions and ordinary traders like you direct access to the primary (Interbank) market.
Automatic Trailing Stops
Friedberg Direct announces the addition of an Automatic Trailing Stop feature to the FX Trading Station!
Both live and demo accounts can now set a stop-loss order that will electronically adjust itself as the market rate moves in the direction of your open position.
When setting a Stop-Loss order, you will now see an Advanced button. Clicking on that button brings up our new Trailing Stop feature. First check the box labeled Trailing Stop. Then you can enter the number of pips that you would like your stop-loss order to trail behind the current market rate. The stop-loss order will move up in increments of the pip value that you place in the Rate Min.Move field.
You buy GBP/USD at 1.8241, and place a stop at 1.8231, with the trailing-stop feature set at 50 pips. If and when the GBP/USD rate goes to 1.8291, your stop-loss order will automatically move to 1.8281. This would lock in a profit of 40 pips. The stop loss order would move up continually every time the GBP/USD rate increases by 50 pips.
After setting your Trailing Stop rate, you can adjust it at a later time by left clicking in the Open Positions window under the column labeled Until Tr. Stop Move. A Stop Order window will come up, you can adjust the rate selected next to Rate Min. Move, and hit the Change button. You will then see the setting updated in the Open Positions Window.
You get greater leverage than with futures contracts…
The sheer size of the forex market (46 times greater than all futures markets combined) and the greater price stability allow forex
traders to get a much higher degree of leverage than is typical with
futures contracts. You are able to select the degree of leverage or
gearing that you wish to employ in trading. Unless you specify
otherwise, Friedberg Direct sets your leverage level at the industry
standard. The actual margin requirements for leverage vary with
account size and pairs traded. Click here
to view new IDA margin requirements.
… but your RISK IS STRICTLY LIMITED.
Risk of loss is strictly limited in the Spot FX market because Friedberg Direct' s online trading platform performs an automatic pre-deal check for margin availability, and will only execute a deal if you have sufficient margin funds in your account. The system also calculates the funds needed for current positions and displays this information so you can see it in real time. In the event that funds in your account fall below margin requirements, the Friedberg Direct Dealing Desk will close all open positions.
In this respect, forex positions with Friedberg Direct are like buying options in that there is a substantial, but strictly limited, risk of loss, which can be predetermined. See for yourself how trading forex works by making some virtual trades right now with real-time prices.
You get precise fills and firm prices
Friedberg Direct offers you near instantaneous execution and price certainty on orders of up to $1 million U.S. Through the trading station provided by Friedberg Direct, you execute orders directly off real time streaming prices. There is
usually no discrepancy between the displayed price and the execution price. Because daily volume in the currency market exceeds $2 trillion U.S., it is the largest and most liquid market in the world. That's why you get precise, firm prices
during normal market conditions. During excessive market volatility
slippage may not always be avoidable. And because the currency market offers round-the-clock liquidity, you get tight, competitive spreads both intra-day and at night.
You get instantaneous fills
Friedberg Direct, taking advantage of direct electronic access to the world's most liquid market, offers
near instantaneous execution and price certainty. Through the Trading Station provided Friedberg Direct , traders execute directly off real-time streaming prices. There is
usually no discrepancy between the displayed price and the execution
price during normal market conditions. During excessive market
volatility slippage may not always be avoidable.
You get PRECISE fills on stop-loss and other limit orders
Through Friedberg Direct you will get a PRECISE fill on either side of
the market when a price is hit on a stop or limit order. This is
unlike other markets, where the price of a fill is not precise on
certain types of non-market orders such as Stop and Limit Orders.
All stop-loss, limit and entry orders are precise during normal
market conditions. During excessive market volatility slippage and
spread volatility may not always be avoidable.
You have peace of mind knowing you'll never be liable for a debit balance
Trading foreign currencies with Friedberg Direct, you will not have an outstanding debit balance. That means you cannot owe more than the amount of money you choose to deposit into your trading account. That's why Friedberg Direct offers you the enormous leverage of spot forex trading, but like options, a strictly limited risk of loss. Because of the liquidity of the forex market and the risk-management capabilities of the Friedberg Direct Trading Station, you cannot lose more than you have in your account. We invite you to sign up for a trading account right now.
You can have unlimited contract duration because you can roll over a forex position indefinitely
In the normal spot forex market, your trades must be settled in two business days. For example, if you sell 100,000 euros on Tuesday, you must deliver 100,000 euros on Thursday, unless the position is rolled over. As a service to you, at 5:00 PM (New York time) Friedberg Direct automatically rolls over all your open positions (swapping the trade forward) to the next settlement date two business days in the future. As is true with futures, there is often a carrying (roll-over) cost associated with rolling over a position. However, forex positions sometimes can actually make you money on the roll-over. That is because your profit/cost is determined by the difference in interest rates between the two currencies. Thus, if you are long the currency with the higher interest rate in the pair, you will actually gain on the spot rollover through the premium relationship of that currency relative to the short currency. The amount of the gain is determined by the interest rate differential between the two currencies, and fluctuates day to day with the movement of prices. The converse would of course be true if you are long the currency with the lower interest rate in the pair.
In order to receive interest, you account must be on 2% maintenance margin; otherwise you are charged on your open positions, whether long or short.
For instance, on any given day, the rollover can be $2 U.S. per lot for USD/JPY and $15 U.S. for GBP/JPY. Rollover fees are shown in U.S. dollars, and are posted in the "interest column" on the Trading Station provided by Friedberg Direct every day at 3:00 pm (New York time). For day traders that never hold a position overnight, there are no carrying costs whatsoever. Try out the Trade Station with a virtual account.
If you do not wish to be automatically rolled-over, you can request that all your positions be automatically liquidated at 5:00 pm (New York time).
You can trade easily and quickly online, 24 hours a day
Trading forex with Friedberg Direct is remarkably easy and fast. It takes just a few minutes to register for a new account and approval is usually done in 24 hrs. Plus, you can trade foreign currencies with Friedberg Direct without having to sweat slow execution or server crashes that are linked to Java-based systems during heavy trading times. The Trading Station provided by Friedberg Direct is not only robust, but also intuitive and very user-friendly. All relevant trading information is displayed for you in one concise dealing screen. The system feeds real-time executable prices to you and updates your profits and losses on all open and closed positions in real time with each price change. Plus, you are able to customize the Trading Station's user interface by changing fonts, colors, and window size and location.
The Trading Station also provides you with complete, real-time snapshots of your account statement, including detailed information regarding every open position, open order, margin position and generated profit/loss per trade. The platform has a proven track record of reliability and stability, even during the most turbulent market conditions. The Trading Station is a Windows-based program rather than a server-based system. This creates a safer, faster, and more reliable platform for trading. PCs today are very powerful and Friedberg Direct chooses to harness that power for the sake of reliability and scalability.
Finally, the Forex market is a seamless, 24-hour-a-day market. At 5 PM Sunday, New York time, trading begins as markets open in Sydney and Singapore. At 7 PM New York time, the Tokyo market opens, followed by London at 2 AM, and finally New York itself at 8 AM. As a trader, this allows you to react to favorable/unfavorable news by trading immediately. It also gives you the added flexibility of determining your trading day. You can see how it works right now by clicking on one of the buttons above.
You can try out Friedberg Direct forex trading with no risk, and with real-time prices, by signing up for a FREE demo account with $50,000 in virtual money
The only real difference between virtual trading with a demo account and trading for real is money in the account. (And more than 10,000 traders from around the world make more than $20 billion in real-money trades each month through the platform we utilize.) When you sign up to try out forex currency trading with the Trading Station provided by Friedberg Direct , the program sets up an account for you with $50,000 in "virtual money." You can then trade the markets just like you had real money in your account. The software does everything in the demo mode that it would do in a real account. You can initiate a position in any currency pair you choose. Place orders and get instant execution off streaming prices. Enter stop and limit orders. Take paper profits. Roll over positions. It's easy and its a no risk way to examine forex trading. To get started with your own demo account, click here. The set-up takes just 8 minutes.
* All this is ONLY during
normal market conditions. During excessive market volatility slippage
may not always be avoidable.