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The Foreign Exchange market, also referred to as the "Forex" or "Retail forex" or "FX", is the largest financial market in the world, with a volume estimated to be over $3.2 trillion a day. Like any financial market trading on the Forex market involves a certain amount of risk. In fact, it is commonly assumed that only 20% of traders involved in this market make any kind of profit at all.
FXall is just one of many sites that offer assistance designed to give inexperienced and veteran traders all the edge they need to make money trading Forex.
One of the characteristics of this market is its openness to individual traders as opposed to institutional ones. It is true, however, that even individuals are likely to need a platform and tools to participate in this market in a meaningful way.
FXall offers both brokerage services and a software platform designed to facilitate trader activities. The company also states repeatedly that its principals do not trade in the market themselves. Their interest in the matter is the interest of their clients.
FXall offers most of the services expected from similar operations. These include an in-house trading platform called QuickTrade By FXall, Stop Order and Limit Order services designed to limit the risk posed by sudden fluctuations in the market. Its Trailing Stop Order service is designed to both limit losses and maximize profits. A neat trick when it works.
The company also offers 24-hour trading, which is a necessity because Forex trading does occur on an almost 24/7 basis at least somewhere around the world.
One notable absence is the lack of a free demo account. Many people think that the best way to learn how to trade in the Forex market is to make a number of practice trades before one starts risking their own capital on the Foreign Exchange market itself.
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Review info: FXall
Review Date: 2014-01-14
Rating : 1
Reviewed By : Sara Patterson (Google+)