Foreign Currency Exchange Trading - FOREX Investing - Brokerage

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Goldberg Forex Group invites you to whatch the daily market analysis of Bloomberg TV. This coverage is designed to keep subscribers on the winning side of market moves.

Currency Exchange also referred to as Foreign Exchange, FX, or Forex, is the trading of one currency against another. The Currency Exchange Market is an inter-bank or inter-dealer market that was established in 1971 when floating exchange rates began to materialize. In addition, it is an Over-The-Counter market, meaning that transactions are conducted between two counter parties that agree to trade via the telephone or electronic network. Trading is thus not centralized, as is the case with many stock markets or as the case for currency futures or options, which trade on special exchanges. Currencies are traded every day for numerous reasons. For example:

Consumers typically come into contact with currency exchange when they travel. They go to a bank or currency exchange bureau to convert one currency (typically, their "home currency") into another (i.e. the currency of the country they intend to travel to) so they can pay for goods and services in the foreign country.

Businesses typically have to convert currencies when they conduct business outside their home country. For example, if they export goods to another country and receive payment in the currency of that foreign country, then the payment must often be converted back to the home currency. Similarly, if they have to import goods or services, then businesses will often have to pay in a foreign currency, requiring them to first convert their home currency into the foreign currency.

Commercial and Investment Banks trade currencies as a service for their commercial banking, deposit and lending customers. These institutions also generally participate in the currency market for hedging and proprietary trading purposes.

Governments and central banks trade currencies to improve trading conditions or to intervene in an attempt to adjust economic or financial imbalances. Although they do not trade for speculative reasons, they are a non-profit organization; they often tend to be profitable, since they generally trade on a long-term basis.

Investors and speculators require currency exchange whenever they trade in any foreign investment, be that equities, bonds, bank deposits, or real estate. Investors and speculators also trade currencies directly in order to benefit from movements in the currency exchange markets. Speculators are often day traders, trying to take advantage of market movements in very short time periods; buying a currency and then selling it again may happen within hours or even minutes. They are attracted to currency trading for numerous reasons, including (i) the size and daily volatility of the market (ii) the almost perfect liquidity of the Foreign Exchange Market, (iii) the fact that the Foreign Exchange Market is traded 24 hours a day.

When executing transactions for Foreign Exchange clients, Goldberg Forex Group utilizes the services of a futures commission merchant (FCM) FX Advantage, the foreign exchange equivalent of a broker dealer. FX Advantage is registered with the Commodity Futures Trading Commission (CFTC) and are members of the National Futures Association (NFA).

The professionals at Goldberg Forex Group are available to help all qualified investors with the various opportunities and mechanics of trading the Foreign Exchange Market. Before opening an account, we will verify the suitability of each client and make certain there is a full understanding of the potential risk and rewards of trading the Foreign Exchange Markets.

Forex speculators will be able to trade directly on-line, or for those Individuals, who prefer to have their funds managed by professionals, can attain the services of Goldberg Forex Group to do so.

Those clients attaining the services of Goldberg Forex Group to trade the Forex Market will be provided with read only access to their account, will have sole deposit/withdrawal rights, and will be able to track account equity and total profit/loss in real time. Goldberg Forex Group has limited power of attorney to trade the account only and does not have deposit/withdrawal authorization. In addition, clients can create up to the minute account statements online, 24 hours a day.

At Goldberg Forex Group we stand ready to assist you at any time.

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