Closing Trades

When you trade from the dbFX rates window, positions will automatically close on a first in, first out (FIFO) basis. Alternatively, you can control which trades to close in 2 different ways:

1) Choose to close orders on a trade-by-trade basis

You can specifically choose to close an order, while leaving previous orders open. For example, right-click on the “close” box from the highlighted ticket and select the “close position” option from the pop-up menu. This will allow you to only close the position of your choice.

2) Link orders to positions

Orders linked to positions will close the specific position it is linked to, rather than the first position opened. An order can be linked to a position at the time it is opened, as well as afterwards, and you can link both stop loss and limit orders to positions.

Account Funding

	CREDIT CARD
	Simply log in to MY FXCLUB, click "Deposit Funds" and input your card information and your funds will appear in your account in minutes. A processing fee of 2.24% to 2.59% will be charged to your Visa or Master Card, depending on the card. Deposits made with Discover Cards will not be charged a processing fee. If you deposit before the closing of a weekly trading session, the money will reach your account immediately, as long as your transaction clears. The end of the weekly trading session occurs at 21:00GMT on Fridays, except for holidays. LOGIN TO MYFXCLUB
	ONLINE CHECK
	Forex Club's US customers now have the option of depositing funds into their account via ONLINE Checks. All you need is to fill out an easy Online Check Form. You can also mail your check to our office address: Forex Club Financial Co, Inc. 1200 South Ave. Suite 203 Staten Island NY 10314 Attn: Financial Dept. *Please note that check transactions are deposited to accounts only after they clear our bank.
	BANK WIRE
	Funds sent via bank wire will be deposited to your trading account as soon as they reach our bank. Forex Club does not charge any fees, but it is not responsible for any fees charged by processing banks.
	MONEY ORDER
	Money Orders are the one of the safest ways to send your funds through the mail. Money Orders can be sent to Forex Club Financial Company, 1200 South Ave. Suite 203, Staten Island NY 10314. Click to see how to write money order

Market Research

Senior foreign exchange correspondent Nicholas Hastings reports our Dow Jones news with an insight found nowhere else in the industry. Read his daily articles for ideas of where currencies will move.	Autochartist, one of the most advanced signal tracking software on the market, offers Forex Club customers a daily article with a detailed account of a powerful forming trend.	Forex Club is proud to offer you Forex Factory's daily economic calendar. By making a study of the calendar and its events, you can ensure that you'll be on the right side of every trade.

Falling Yield Fears Hit The Pound. By Nicholas Hastings Sterling is losing its friends fast. For most of this summer, the pound has remained well above $1.60 on the assumption that as the global economic recovery comes through, the Bank of England will be one of the first to hike rates. However, that assumption is changing fast.

Intraday GBP/USD Falls Through Falling Wedge Support Level The 60 minute GBP/USD (aka the "cable") has been trending lower within a mark down market cycle since the New York session Monday. This downtrend has created the perfect environment for the Continuation Falling Wedge chart pattern that has recently triggered and is now a Complete Pattern alert.

Forex Club is proud to offer you Forex Factory's daily economic calendar. By making a study of the calendar and its events, you can ensure that you'll be on the right side of every trade.

FOREX Autocharts

Market Signals are used by traders to estimate where price will move. By analyzing past “trends”, or the general direction of movement for prices, our Autochartist software will supply you with Market Signals.

	Identify quality trading opportunities and emerging trends in real-time
	Software uses years of data to identify present trends
	Powerful and yet easy use
	Full version available absolutely free for Forex Club customers with deposits of $500 or more
	Free Demo version of software is limited to 15 signals per day and comes with our free demo account

Our technical chart patterns are based on the theory of market psychology, which has been researched, developed and trusted since the 1930's. The software strictly adheres to this theory when identifying patterns and notifies you as patterns are forming. Below is an example of how the software works.

As you can see, it identifies a pattern and tells you how strong it is.

Demo version - 15 signals per day Login to your demo account (ExpressFX or ClassicFX) and make at least one trade. Your login instructions will be displayed on your screen in a few minutes. Download Autochartist and install it on your computer; use the login information to access Autochartist. Full version - all signals Open a live trading account and deposit $500 or more in it. Once a deposit has been made, access My FXLCUB to see your Autochartist login details. Use this login to access the Software. Existing Customers Existing customers will automatically receive access instructions in MY FXCLUB if your account balance is $500 or more.

Guide to Forex

STOP The signs of the road are easy to read. No matter where you are in the world, chances are pretty good that you’d know what to do at a red octagonal sign or a green light. We combined forex learning with the rules of the road to give you a fun and easy way to learn the basics of forex trading. Driving a car can be exciting, fun and, if you’re not doing it properly, very dangerous. Just like forex trading. If you’re ready to learn, have a seat, fasten your belt and enjoy our Forex Ed lessons.

How the Road was Paved

Today’s forex market was formed in the early 1970’s. The first major step in the formation of the market was the Bretton Woods Accord, which was established after World War II to restore the world’s economic state. The Bretton Woods Accord decided that all major currencies would be pegged to the U.S. dollar, which was pegged to gold at a price of $35 per ounce. Under these standards, the major global currencies pegged to the U.S. dollar were only able to fluctuate by one percent. The European nations sought to move away from their dependency of the dollar in the 1970’s, thus forming the Smithsonian Agreement and the European Joint Float. Each agreement was similar to the Bretton Woods Accord, but allowed a greater range of fluctuation in the currency values. However, both agreements failed, paving the way for the free-floating systems. There were no longer pegs on currencies, and therefore currencies were able to fluctuate freely. Traders utilize these fluctuations on the forex market. By studying price changes and current events, a forex trader can buy or sell one currency against another in hopes of making a profit off of the price fluctuations. Tools Our Future Lessons An Introduction to Forex

The Basic Mechanics behind a Trade

Before you can steer your forex career in a profitable direction, you need to know some market basics. Trading Hours The Forex market is a global entity. Market hours overlap one another, ensuring that there’s always an open market. Traders can make trades 24 hours a day, 5 days a week. The market closes on Fridays at 21:00 GMT and reopens on Sundays at 21:00 GMT. Tools Trading Hours Trading Pairs A trading pair consists of a base currency and a quote currency. The first currency listed in the pair is the base currency, while the second currency is the quote currency. Traders buy or sell the base currency using the quote currency. Let’s take a look at this pair: EUR/USD In the trading pair above, the Euro is the base currency and the United States Dollar is the quote currency. If you are trading with the EUR/USD, you’d be purchasing or selling the Euro using the United States Dollar. Tools Trading Pairs Leverage Leverage is a big part of Forex trading. Leverage is a loan given to a trader by a broker to intensify that trader’s results. Calculating leverage is simple. All you have to do is multiply the leverage by how much you wish to trade. A leverage of 100:1 means that the broker will match every 1 dollar you trade with 100 dollars. A leverage of 20:1 means that every 1 dollar you trade will be matched by 20 dollars, etc. For example, if you sign up with Forex Club’s minimal balance of $10 and trade with a leverage of 100:1, that means that you can trade ($100x10=) $1,000. Tools Leverage

How to Get There Safely

Orders Hands at 10 and 2. Eyes on the road. Play it safe with Forex and set orders! Traders can set a stop-loss and a take-profit order to automatically close a position when price rises or falls to a certain point. Stop-loss orders ensure that price won’t fall or rise more than you want it to and prevents you from any further losses. Take-profit orders ensure that your position is closed when you make a certain amount of profit. The OCO order (one cancels the other) ensures that after your position is closed all stop-loss and take-profit orders are canceled. If you have a good idea of how the market will move and wish to set another order before your position is closed, you can place an If-done order. Tools Orders

Market Psychology There are factors outside of the market that affect every trade you make. Market psychology analyzes the emotions we feel while we’re trading. If you lose a trade, are you going to risk more to win it back? If a trend goes in your favor, are you going to hold on until it turns against you? Keep your greed and your fear in check. Take a deep breath, relax, and above all, have fun. Tools Market Psychology

Keeping Your Eyes on the Road

Technical and Fundamental Analysis Traders use two different methods to predict how the market will move. The first method, Technical Analysis, relies on the ideas that a) price matters above all else, b) price moves in trends and c) history repeats itself. Traders who use this method rely on chart analysis and charting software. For top of the line charting software, visit http://www.fxclub.com/autocharts/. The other method used by traders is Fundamental Analysis. This method relies heavily on current and future events to determine how price will move. Traders who use this method meticulously study economic calendars and news updates to estimate how price will move. An economic calendar and news updates can be found at http://www.fxclub.com/analyze-forex/. Tools Technical Analysis 1 Technical Analysis 2 Fundamental Analysis Chart Analysis I Chart Analysis II The Essential Indicators Japanese Candlesticks Charting Software Calendar and News

LOOK Yellow means look. Take a look around and see why Forex Club’s platforms and advantages are unique and beneficial to you.

Sign Up for Forex Ed Classes

Forex Club is here to show you the right signs to get you learning forex quickly and easily. Forex Club takes pride in its top-industry-rated education materials. We offer an abundant amount of online reading materials, videos, a simplistic beginner’s platform and online webinar classes. We’re serious about helping people learn forex because we know that you’re serious about trading. Anyone interested in signing up for a webinar can do so at http://www.fxclub.com/webinars-en/. Tools Webinar

Ride with Comfort

Forex Club does everything in its ability to be fair with its customers. At the same, we aim to give you convenient and easy trading terms to make trading more pleasant for you.

Zero-Spreads and Flat rates

Forex Club offers Zero Spread Trading. We were the first forex broker to do away with spreads. Instead, we charge one flat rate of $0.40 for every $1000 units traded. There are no hidden trading fees or complicated spread sheets to compare. If your trade doesn’t yield a profit, we’ll refund our commission costs. This means that you only pay the $0.40 per $1000 units traded when you make a successful trade. That’s what we call fair.

No Slippage, even in Rain, Sleet or Snow

Slippage and re-quotes are common occurrences on the Forex market. Slippage and re-quotes usually occur when a trade is made during a fast market. When the market moves fast and you try to execute a trade, the price that you think you’re buying or selling a currency for may not be the price you’re actually getting. If you execute a buy/sell at the exact moment that your currency is moving against you, you can lose out on a lot of cash. Slippage is terribly frustrating for traders and often promotes distrust against brokerages. Forex Club’s trading platforms offer no slippage and no re-quotes. Our Request for Quote (RFQ) approach ensures that the market is stable enough to make a trade. When we lock on a price, a pop up box will appear informing you that you have 4 seconds to place the order. We guarantee that the price that we offer is the price you’ll receive. More information about no slippage can be found here http://www.fxclub.com/no-slippage/. Tools No Slippage

Life in the Fast Lane

We are as quick and effective with our fund transfers as possible to ensure that you’re depositing and withdrawing with ease. Forex Club offers one day account activation and instant credit card deposits. Hop in, buckle up and start trading today! More information about account funding can be found here http://www.fxclub.com/account-funding/. Tools Account Funding

Reverse Positions without Having to Close Them

We say a trade is long when we’re buying a currency and short when we’re selling a currency. For example, let’s say we’re going long on the EUR/USD. This means that we’re buying Euros with United States dollars. If we were going short on the EUR/USD, we’d be selling Euros in exchange for United States dollars. At Forex Club, you can switch your position from long to short without having to close it first. We have our Position Reversal policy for your convenience. You can perform the action with a few clicks of your mouse. More information about Position Reversals can be found here http://www.fxclub.com/reversal_of_positions/. Tools Position Reversals

Guaranteed Fixed spreads and fills on stops/limits

At Forex Club, traders can pay us by using commissions (which are easily and more advantageous due to commission returns on unprofitable trades) or by using spreads. Spreads are an amount of a trade that goes to the broker for every trade you make, win or lose. Sometimes our opponent’s spreads widen during a trade, meaning that you’ll have to pay more “pips” for your trade. We guarantee that our spreads don’t fluctuate. In addition, we can guarantee fills on all orders. This means that if you set an order (as discussed above), we guarantee that the order will hit.

Trade with the best Safety Features

The Forex market can be as dangerous as is it rewarding. We want all of our customers to have safe and successful trades, so we took a few extra steps to assure your safety.

Negative Balance Protection

Our traders never owe us more than what they have. If a trader’s account was to accrue losses, our Negative Balance Protection will ensure that all positions will be closed the moment their account hits zero.

NFA Regulated

Forex Club takes great pride in being a member of the National Futures Association and for being registered with the Commodity Futures Trading Commission. We want to ensure all of our customers that we strictly adhere to all of the rules and standards set forth by these regulatory bodies. We also take pride in our flawless NFA record. If you wish to make investments with a company, invest with a company you can trust. We will continue to work as hard as we can to earn and maintain your trust.

TRADE The light’s green! It’s time for you to put the pedal to the metal and get en route to your forex career.

The Vehicles

ExpressFX

Forex Club spent years developing a simple user-friendly trading platform. After a few minutes behind the wheel of this platform, anyone can learn the fundamentals of trading. Sign up today! Our software is free to use. Our ExpressFX platform breaks down complex trading terms and offers easy commission costs, fair commission refunds on unprofitable trades, and a built-in-wizard that guides you step by step. The best way to learn about the market is with hands on experience. That’s why we offer a demo account; a no risk platform that trades “virtual money”. You have absolutely nothing to lose for signing up for our demo account and only knowledge to gain. What’re you waiting for? Sign up today! More information about ExpressFX can be found here http://www.fxclub.com/expressfx/. Tools ExpressFX

ClassicFX

If you’ve been trading for awhile and yearn for more features and complexity, take ClassicFX for a spin. The ClassicFX platform has much more power under the hood. Its versatile platform can be accessed on PC, web browser, SmartPhone and PDA. This platform comes with a slew of features, including a fully customizable layout, audible market alerts, advanced charts and much, much more. More information about our ClassicFX platform can be found at http://www.fxclub.com/forex-platform/ and http://www.fxclub.com/rumus/. Video is about charting the EURO. You can use the ClassicFX’s built in charting tools to follow the narrator while charting the EURO. Tools Charting the EURO ClassicFX platform Rumus

Autochartist

Traders who believe in Technical Analysis depend on charts to aid them with their predictions. Forex Club offers all of its users the Autochartist software. Autochartist finds trends, or patterns that arise while price moves, and determines the quality of the trend, the type of the trend it is (i.e., rising wedge, triangle, etc.), its direction, uniformity, clarity, length and much more. Limited access of 15 signals per day is granted to everyone who signs up. Unlimited access is given to traders who deposit $500 or more. More information about Autochartist can be found at http://www.fxclub.com/autocharts/. Tools Autochartist

Fueling Your Ride

Forex Club charges a low minimum deposit of only $10 to start a live account. You’ll likely get further putting $10 in your trading account than you would if you put it in your gas tank. We are quick and effective with our fund transfers to ensure that you’re depositing and withdrawing with ease. Forex Club offers one day account activation and instant credit card deposits. Hop in, buckle up and start trading today!

All the Direction You Need

Forex Club wants to ensure that you’re armed with the resources and knowledge to make profit on every trade. That’s why we supply you with an abundant amount of Dow Jones and Bloomberg news feeds and price quotes. You can find the news streaming at the bottom of your trading platform, as well as on our website. Read up on news events and economic calendars to predict how the market will move. More information about our news feeds can be found at http://www.fxclub.com/dow-jones-business-news/ and http://www.fxclub.com/analyze-forex/ . Tools News Feeds Analyze

Getting Yourself a System