FREQUENTLY ASKED QUESTIONS
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Introduction to FOREX - first steps
Foreign exchange is the simultaneous purchase of one currency and the sale of another.
Currencies are always traded in pairs, on floating exchange rates. The foreign exchange
market, also known as the Forex market, or FX market, is the largest financial market
in the world, with an average daily turnover of about US$1.5 market.
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Is there a central location for trading in the Forex Market?
Forex trading is not managed through an exchange. Transactions are conducted directly
between counterparts, making the FX market an inter-bank, or "over the counter"
(OTC) market.
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Who participates in the FX market?
Central, commercial and investment banks have traditionally dominated the Forex
market. But the share of other market participants is rapidly increasing. These
participants include international money managers and brokers, multinational corporations,
registered dealers, options and futures traders, and private investors.
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When is the FX market open for trading?
Forex is a true global 24-hour marketplace. The trading day begins in Sydney, and
moves around the globe from one financial center to another westwards. The biggest
centers for trading activity are Tokyo London and finally New York. Investors can
respond in real time to any fluctuations caused by current economic, social and
political events.
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Is online dealing at Start Forex secure?
Yes. We use the internationally accepted security system SSL to encrypt all credit
card payments over the web. This is automatic, and you will receive instant notification
if your browser does not support this.
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What are the most common currencies in the Forex markets?
The most liquid currencies in the Forex market are those of countries with low inflation,
stable governments, and respectable central banks. Nearly 85% of daily transactions
involve the major currencies, including the U.S. Dollar, Japanese Yen, Euro, British
Pound, Swiss Franc, and the Canadian and Australian Dollars.
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How much money do I need to open an account?
The minimum deposit to open a mini account with StartForex is US$100. StartForex's
minimum transaction size for a mini account is US$10,000 (or the equivalent). The
minimum deposit to open a standard account with StartForex is US$2,500. StartForex's
minimum transaction size for a standard account is US$50,000(or the equivalent).
steps.
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How do I open an account with StartForex ?
Opening an account is fast, friendly with no obligation. Simply complete the following
steps.
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You can register immediately, simply click here to
register.
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Fund Your Account Once your account is open, there are three convenient ways to
fund your new trading account:
- Credit and Debit Card
- Wire Transfer
- Other online payment methods
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How can I trade Online?
Trade Enjoy Trading with one account, two trading platforms:
In order to login to the Mobile trade system please write this address in your phone broweser:
http://trade.startforex.com/j2melive/.
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What are the minimal system requirements to use the trading platform?
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Internet explorer 6 and above or alternatively Mozilla with an explorer plugin.
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Windows 2000 Operating Systems and above
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Pentium 3 and above
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Is the market trader system secure?
The system is secured with the highest security - level BIT-128. All the information
on the account and the trading actions are stored on secure servers. An indication
for this is the lock sign.
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I am trying to log on to the system. I put in my user name and password and then
all the windows closed. What should I do?
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Do you have a question that does not appear here?
We are available for you 24 hours a day. You can write us at TS@STARTFOREX.COM.
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