Tuesday, February 19, 2008

Know Everythig About Forex Trading....

Getting Started

Step 1. Open a demo account.

You can apply your knowledge in a real-life environment without risking your money. Demo accounts are used for:

  • Developing and testing trading strategies;
  • Gaining confidence and familiarity of the trading platform;
  • Applying your Risk Management rules to get an understanding of how they work.

Download MetaTrader 4

We recommend that you open a demo account prior to trading the live markets.

Step 2. Learn to forecast which way a market is expected to trend.

It is up to you what to choose: Fundamental Analysis, Technical Analysis, Elliot Wave theory, Candlesticks, Tomas Demark Theory, Chaos Theory or any other. Whatever you choose try to get as much experience as possible and never stop studying.

Step 3. Develop and test your trading strategy.

As with all trading, timing is critical. Sometimes it is not enough to know which trend prevails in the market. You need to learn how to determine the moment when it is more profitable to open/close a position because the difference in a few minutes can mean the difference between being a winner or a loser.

Step 4. Develop and test your risk management rules.

Follow your rules of risk management and know exactly how much you are ready to commit to the trade. If you do apply risk management rules correctly this could help you to increase your profit and at the same time to limit your losses.

Step 5. Be less emotional.

Try to make rational not emotional decisions. If you follow your emotions you are more inclined to make wrong and therefore unprofitable decisions. Make your trading plans before you open positions. Decide on your objectives, entry and exit points.

Step 6. Open a live account.

Start trading on the live account with a strategy that you've proven to yourself. Analyse your good trades and your bad ones. You can continue to develop your trading skills by testing your trading strategies on your demo account.

If you are considering opening a live account, we will be happy to help you with this. On the “Open a Live Account” webpage you will find a complete, step by step guide of the account opening procedure.

It is very important for us to know that all our customers are happy with our services.

Why trade Forex with Alpari:
Risk Warning

The following should be read carefully, as it describes some of the main risks in dealing in the Forex and CFD markets.

It is important that you should not engage in trading unless you understand the nature of the transaction you are entering into and, the true extent of the exposure to the risk of loss. These products may not be suitable for all investors; therefore if you do not fully understand the risks involved, you must seek independent advice.

This notice cannot and does not disclose or explain all of the risks and other significant aspects involved in dealing in such products, but you should particularly note the following:

  • Under margin trading conditions even small market movements may have great impact on the customer's trading account. You must consider that if the market moves against you, you may sustain a total loss greater than the funds deposited. You are responsible for all the risks, financial resources you use and for the chosen trading strategy.
  • Some instruments trade within wide intraday ranges with volatile price movements. Therefore, you must carefully consider that there is a high risk of losses as well as profits.

Market Analysis

We hope that our articles will help you to learn how to forecast which way a market is expected to trend.

It is up to you what to choose: Fundamental Analysis, Technical Analysis, Elliot Wave theory, Candlesticks, Tomas Demark Theory, Chaos Theory or any other. Whatever you choose try to get as much experience as possible and never stop studying.

Open a live account

Start trading on the live account with a strategy that you've proven to yourself. Analyse your good trades and your bad ones. You can continue to develop your trading skills by testing your trading strategies on your free demo account.

If you are considering opening a live account, we will be happy to help you with this. On the “Open a Live Account” webpage you will find a complete, step by step guide of the account opening procedure.

It is very important for us to know that all our customers are happy with our services.

Our customers trade FOREX via stable and reliable dealing software MetaTrader 4

Download MetaTrader 4

Open a free demo account

You can apply your knowledge in a real-life environment without risking your money. Demo accounts are used for:

  • Developing and testing trading strategies;
  • Gaining confidence and familiarity of the trading platform;
  • Applying your Risk Management rules to get an understanding of how they work.

Open a FREE DEMO account



Deposit / Withdraw Funds

Deposit Funds: UK and International Clients

Deposits will only be accepted by cheque in the same name as the Customer, or by bank transfer from the Customer's account. Under no circumstances will third party or anonymous payments be accepted.

Alpari (UK) has the right to refuse payment by cheque if:

  • the cheque is drawn from a non-UK clearing bank; or
  • any payment given has not cleared on the first presentation.
Deposits in US dollars
Beneficiary: Alpari (UK) Limited Client
Beneficiary Address: 41 Eastcheap, London, United Kingdom, EC3M 1DT
Beneficiary Account #: 86249600
IBAN: GB15 BARC 207767 86249600
Bank: Barclays Bank PLC
Bank Address: 1st Floor, 99 Hatton Garden, London, United Kingdom, EC1N 8DN
Sort code: 20-77-67
SWIFT: BARCGB22
Reference: Your login in MetaTrader
Deposits in Great Britain pounds
Beneficiary: Alpari (UK) Limited Client
Beneficiary Address: 41 Eastcheap, London, United Kingdom, EC3M 1DT
Beneficiary Account #: 20748145
IBAN: GB89 BARC 207767 20748145
Bank: Barclays Bank PLC
Bank Address: 1st Floor, 99 Hatton Garden, London, United Kingdom, EC1N 8DN
Sort code: 20-77-67
SWIFT: BARCGB22
Reference: Your login in MetaTrader
Deposits in euros
Beneficiary: Alpari (UK) Limited Client
Beneficiary Address: 41 Eastcheap, London, United Kingdom, EC3M 1DT
Beneficiary Account #: 86249544
IBAN: GB72 BARC 207767 86249544
Bank: Barclays Bank PLC
Bank Address: 1st Floor, 99 Hatton Garden, London, United Kingdom, EC1N 8DN
Sort code: 20-77-67
SWIFT: BARCGB22
Reference: Your login in MetaTrader
Deposits in Swiss francs
Beneficiary: Alpari (UK) Limited Client
Beneficiary Address: 41 Eastcheap, London, United Kingdom, EC3M 1DT
Beneficiary Account #: 89885933
IBAN: GB96 BARC 207767 89885933
Bank: Barclays Bank PLC
Bank Address: 1st Floor, 99 Hatton Garden, London, United Kingdom, EC1N 8DN
Sort code: 20-77-67
SWIFT: BARCGB22
Reference: Your login in MetaTrader
Deposits in Japanese yen
Beneficiary: Alpari (UK) Limited Client
Beneficiary Address: 41 Eastcheap, London, United Kingdom, EC3M 1DT
Beneficiary Account #: 44193499
IBAN: GB 53 BARC 207767 44193499
Bank: Barclays Bank PLC
Bank Address: 1st Floor, 99 Hatton Garden, London, United Kingdom, EC1N 8DN
Sort code: 20-77-67
SWIFT: BARCGB22
Reference: Your login in MetaTrader
Withdrawals

You may only withdraw funds to your bank account. We will not make transfers to third parties.

In order to withdraw funds, please fill in the Withdrawal Form and send it to our Backoffice team.

Transfers between trading accounts

To transfer funds between trading accounts opened in your name please complete the Transfer Form and send it to our Backoffice team.

Please note that we will not make transfers to third parties.

Mini and Micro Accounts

We are now offering the possibility to trade micro lots.

Minimum contract size for all trading accounts (demo and live) is 0.01 of a lot (1,000 units of base currency). This option is enabled on all accounts and there is no need to change anything in your client terminal.

Our trading terms
Regulation
Open a Live Account
  • If you are considering opening a live account, we will be happy to help you with this. On the “Open a Live Account” webpage you will find a complete, step by step guide of the account opening procedure.
Trading platform

Download MetaTrader 4


It is very important for us to know that all our customers are happy with our services and we strive to do our best to provide good execution and helpful customer support.



Contracts Specifications

We are now offering the possibility to trade micro lots.

Minimum contract size for all trading accounts (demo and live) is 0.01 of a lot (1,000 units of base currency). This option is enabled on all accounts and there is no need to change anything in your client terminal.

Forex & Micro Forex

Ticker Spread Under normal market conditions.* Instant Execution** Size of 1.0 lot Limit & Stop levels Minimum number of pips between the current price (pending order level) and placed order level for each instrument. CommissionTransaction costs are incorporated into the bid/ask spread.***





EURUSD 2 pips 50 lots EUR 100,000 2 pips $ 0
USDCHF 4 pips 50 lots USD 100,000 4 pips $ 0
GBPUSD 3 pips 50 lots GBP 100,000 3 pips $ 0
USDJPY 3 pips 50 lots USD 100,000 3 pips $ 0
AUDUSD 3 pips 50 lots AUD 100,000 3 pips $ 0
USDCAD 4 pips 50 lots USD 100,000 4 pips $ 0
EURCHF 3 pips 50 lots EUR 100,000 3 pips $ 0
EURJPY 3 pips 50 lots EUR 100,000 3 pips $ 0
EURGBP 2 pips 50 lots EUR 100,000 2 pips $ 0
GBPJPY 7 pips 20 lots GBP 100,000 7 pips $ 0
GBPCHF 7 pips 30 lots GBP 100,000 7 pips $ 0
EURCAD 8 pips 30 lots EUR 100,000 8 pips $ 0
EURAUD 10 pips 30 lots EUR 100,000 10 pips $ 0
NZDUSD 5 pips 20 lots NZD 100,000 5 pips $ 0
USDSGD 8 pips 10 lots USD 100,000 8 pips $ 0
CHFJPY 4 pips 50 lots CHF 100,000 4 pips $ 0
EURNZD 12 pips 10 lots EUR 100,000 12 pips $ 0
AUDJPY 5 pips 25 lots AUD 100,000 5 pips $ 0
AUDNZD 12 pips 30 lots AUD 100,000 12 pips $ 0
AUDCAD 7 pips 20 lots AUD 100,000 7 pips $ 0
AUDCHF 6 pips 30 lots AUD 100,000 6 pips $ 0
CADCHF 8 pips 30 lots CAD 100,000 8 pips $ 0
CADJPY 6 pips 30 lots CAD 100,000 6 pips $ 0
NZDJPY 7 pips 25 lots NZD 100,000 7 pips $ 0
USDDKK 30 pips 10 lots USD 100,000 30 pips $ 0
USDNOK 50 pips 10 lots USD 100,000 50 pips $ 0
USDSEK 50 pips 25 lots USD 100,000 50 pips $ 0
SGDJPY 6 pips 10 lots SGD 100,000 6 pips $ 0
USDHKD 7 pips 30 lots USD 100,000 7 pips $ 0
NZDGBP 6 pips 30 lots NZD 100,000 6 pips $ 0
AUDEUR 6 pips 30 lots AUD 100,000 6 pips $ 0
Initial Margin:
  • 1% of transaction size for account balances below $ 100,000
  • 2% of transaction size for account balances up to $ 250,000
  • 4% of transaction size for account balances above $ 250,000
Hedged Margin:
  • 1/2 of Initial Margin
Rollover / Interest Policy

Please note that since 03 June 2007 Alpari (UK) Limited no longer closes and reopens the positions which are open at 11:00 pm London time. Instead we have introduced a more convenient method of rollover which involves debiting or crediting a customer’s trading account when he/she holds open positions overnight.

Please refer to the "Rollover / Interest Policy" webpage for the details.

Open a Live Account

If you are considering opening a live account, we will be happy to help you with this. On the “Open a Live Account” webpage you will find a complete, step by step guide of the account opening procedure.


It is very important for us to know that all our customers are happy with our services and we strive to do our best to provide good execution and helpful customer support.

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