FAQs: Trading with FX Solutions

A:

An intraday position is one that has been opened at some point during a given 24-hour period, then closed by the end of the trading day (17:00 Eastern Time). An overnight position is one that remains open beyond regular trading hours (which end at 17:00 Eastern Time). FX Solutions will roll over any overnight positions automatically to the following day's price, at competitive rates.

A:

A trade that remains open after the forex and CFD trading day has closed (at 17:00 Eastern Time) is subject to a daily "cost-of-carry" adjustment, in accordance with normal interbank market protocols. The differential between the currencies in the pair, plus the movement of spot value dates, determine the adjustment.

If the trader is long (has bought) the currency with the higher interest rate, a credit to the trader's account will generally be applied at 17:00 Eastern Time. If the trader is short (has sold) the currency with the higher yield, the trading account will be debited.

A:

Various forces cause fluctuations in Forex and CFD prices, among them political, social and economic events such as inflation, interest rate adjustments, and political instability, any of which can be reflected in forex news. FX Solutions' proprietary interbank market price feed enables intelligent determination of price discovery and risk exposure. This price feed employs sophisticated algorithms to react to marketplace events within milliseconds. The fixed spreads enabled by these intelligent calculations provide our forex day trading and CFD customers with predictable transaction costs for normal market conditions.

A:

Foreign exchange trading and CFD orders may be placed by phone. Note, however, that FX Solutions' GTS platform have been engineered for efficient, rapid global trading online; hence, dealing over the phone should be reserved for circumstances of internet outage.