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FAQ

FREQUENTLY ASKED QUESTIONS  

  1. What is forex?
  2. How much funds do I need to get started?
  3. How do you make your money?
  4. How many currency pairs do you offer? 
  5. What are the risks?
  6. How much money can I make? 
  7. What spreads do you offer?
  8. What computer configuration do you recommend?
  9. How do I enter/exit a trade in case of a power failure/computer crash?
  10. What does the training cost?
What is forex?

Foreign exchange deals are transactions relating to the trading of different currencies on the foreign exchange markets.



How much funds do I need to get started?
The minimum deposit for the opening of a live account is $2500.


How do you make your money?

We derive our income from GFT's trade spread (the difference between the bid and the ask prices). It is in our interest to ensure that traders are successful and profitable in order for us to make any money – Your success is our success



How many currency pairs do you offer? 
We offer over 60 currency pairs.


What are the risks?

The common rule of "high yield, high risk" is particularly prevalent. Trading with FOREX can be exceptionally profitable, but subject to risk and therefore it is advisable that risk capital should be used. It is important that you exercise good judgment during trading and manage your risk according to the principles we will teach. Please read our risk disclosure very carefully.



How much money can I make? 

The amount of profit you can make depends on the size of your initial capital, the amount of work you are willing to put in, and your personal trading style, meaning how much risk you is willing to take. We strongly advise that all traders take the necessary time to do the proper preparation (training) in order to become consistent and successful traders.



What spreads do you offer?

Global Forex Trading offer 3 pip spreads on the EUR/USD and USD/JPY - GFT quotes the EUR/USD and USD/JPY at 3 pips wide during all of the active forex market sessions, and max 4 pips wide should liquidity dry up.



What computer configuration do you recommend?

We recommend the following:

Hardware and software specifications for DealbookFX version 2

Microsoft Windows NT, 2000, Millennium or XP
Pentium II 233mhz, 64mb RAM min 128mb recommended
1024 X 768 screen resolution ; Internet connection

Hardware and software specifications to run DealbookFX version 1

Microsoft Windows 98, NT, 2000, Millennium or XP
Pentium II 233mhz, 64mb RAM min 128mb recommended
1024 X 768 screen resolution ; Internet connection



How do I enter/exit a trade in case of a power failure/computer crash?

Trades can be executed by phoning the 24-hour Global Forex Trading Dealing desk. Global Forex Trading also offers a Wireless FX trading option. GFT Mobile lets you connect through your web enabled cell-phone, using 40-128bit encryption to securely check real-time prices, place orders from any location, set price alerts and stay on top of your account status, anywhere, anytime.



What does the training cost?

Any individual who opens a live trading account with us will receive the 6 module training free of charge for 60 days. If after 60 days you decide that trading is not for you, you will be refunded your minimum opening amount on your trading account. Should you wish to continue trading, we will extend your access to our training free of charge.

You can start off with an unlimited free trial of module one by clicking here.

Should you wish to purchase our training modules at a cost of 2100 Euro without the opening a live account, please click here to be directed to our products page.