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The Foreign Exchange market, also referred to as the "Forex" or "FX" market is
the largest financial market in the world, with a daily average turnover of
well over $1 trillion - 30 times larger than the combined volume of all U.S.
equity markets. "Foreign Exchange" is the simultaneous buying of one currency
and selling of another. Currencies are traded in pairs, for example Euro/US
Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). There are two reasons to
buy and sell currencies. About 5% of daily turnover is from companies and
governments that buy or sell products and services in a foreign country or must
convert profits made in foreign currencies into their domestic currency. The
other 95% is trading for profit, or speculation.
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AL Trade's individual traders benefit from the simplicity, speed and efficiency
of electronic trading and the ability to perform global foreign currency
trading operations at rates formerly enjoyed by corporate clients only with
spreads of 2-4 pips for the Majors, 3-10 pips for the Crosses and
non-commission trading and accrual of 2% p.a. on the deposit for all types of
trading accounts  Read
more
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For many traders new to the Forex market, opening
a mini-account is the next logical step after practicing in a demo-environment.
With smaller trade sizes (1/10th the size of a standard transaction), higher
leverage (1:200), and a minimum deposit amount of just $200, mini-accounts
allow traders to add the psychological component of trading in a live
environment, test their trading strategies without risking large amounts of
capital, and gain the ability to capitalize on trading opportunities.
The Standard Account is for those investors who
are experienced in Forex trading and comfortable dealing on-line with AL Trade
Inc. The standard account lets you trade at a full variety of leverages and
contract sizes. Opening standard account is the final logical step for the
high-level professional Forex trader.