| Most
trading activity tends to take place when markets
overlap, i.e. Asia & Europe (12:00 am ~ 2:00
am EST), Europe & the US (8:00 am ~ 11:00
am EST) and US & Asia (5:00 pm to 9:00 pm
EST).
The
Forex market provides 24-hour trading liquidity
for all the major currency pairs and their crosses.
Learn
the basics on trading or take professional courses
to identify key support & resistance to use
with triggers to determine entry / exit points
During
New York and London hours all the currency pairs
trade actively. During the Asia hours, however,
the trading activity for pairs such as NZD/USD
and AUD/JPY peak and are less widely traded during
New York and London hours.
Traders
can place orders over the phone 24 hours a day,
from Sunday at 5:00 pm EST to Friday at 4:00 pm
EST. Dealing desk maintains exclusive dealing
phone lines and has sufficient capacity to handle
all client transactions. When trading over the
phone, clients receive the same quotes available
via the trading platform.
Why
open an account through Hawaii Forex? There are
no added fees, commissions or charges. As a client,
you will still receive a trial membership to view
training archives, discounts on Forex training
classes & trade consultation to create profitable
strategies in FOREX.
FXCM
related accounts will still be able to transfer
funds from local banks in Hawaii to your trading
account without wiring fees. The
FCM and IB are compensated for their services
through the spread between the bid/ask prices
included in the listing of currency spreads.
To
get started, we recommend the following steps:
1.
Watch
recorded session on basics to use trading
platform or online class
2.
Download
the trading station (Free)
3.
Get
Free Demo trade account with User ID
& Password then log into trade
4.
Review
Trading Tools for helpful tips
5.
Learn
system based trading and try Free Trials
for commentaries & charting
6.
Open
a "live" trading account
by filling out application
7.
Fund
your trading account through your local
bank or debit / credit card
We
suggest reviewing the steps below to gain a basic
understanding of Forex basics.
Learn
to Trade
1 -
Overview
of the Forex Market
2
- Understanding
Forex Basics (pairs, deal boxes, bid/ask)
3
- When
prices goes up or down (long vs. short positions)
4
- Basic
Orders Types (market, entry, limit, stop)
5
- Looking
at the Charts
6
- Calculations
on Trading
7
- A
Sample Transaction on Trading Currencies
(profit / loss)
8
- Forex
Analysis (fundamental vs. technical)
9
- How
Trades are handled by dealing desk
10
- Trade
using platform download (-
Key
Features)
11
-
Calling
in your Trades (No trading platform)
12
-
Open
a Trading Account
|
Hawaii
Forex User Guide
