How can I open a Free Demo Account? Simply go to our website: Click here
How can I open a Live Account? Simply go to our website: Click here
What is the Minimum Deposit to Open an Account? Our minimum to open a standard account is US$ 3,001.
For mini-accounts you only need $500 to open an account.
How can I fund my account? Accounts can be funded by bank transfer, credit card (moneybookers) and cashU cards
Please visit our payments pages for further details: Click here
How can I download and install the Concord 1 Touch trading platform? When you open a live account with us, you will be given a link to download our system installation files via email. Simply follow the instructions to begin the download and installation process. If you have accidentally uninstalled our trading platform from your computer, you can still able to download our C1T trading platform directly from our website.
Trading FAQs
What is Forex? The Foreign Exchange or Forex market is a 24 hour worldwide market which operates on the basis of various groups and participants which are interrelated and interconnected. Currencies are not traded in a specific physical market place such as Stocks and Futures which are traded on an exchange. Instead, banks and brokers operate on screen based systems such as Reuters, Bloomberg or eSignal; two-way prices are input continuously in which these banks and brokers are prepared to deal with their customers and counterparties. The Forex market is an Over-the-Counter (OTC) market. Transactions are conducted between two counterparts over the telephone or via an electronic network. This system guarantees greater transparency and within an instant, market participants can have access to price information anywhere in the world.
Who is trading in the Forex Market? Traditionally, Central Banks, Brokers, Investment Banks, Commercial Banks, Corporations, Mutual Funds, Insurance Companies and Government Institutions have all been active participants in the Forex market. Today however, a growing number of individual investors are very active and increasingly dominant players in the Forex Market.
How big is the Forex Market? The Forex market is the biggest market in the world. As reported by the Bank of International Settlements, the daily turnover in the Forex market today exceeds US$ 3.2 trillion ($3,200,000,000,000). It is by far the most liquid financial market and the cornerstone of all international capital transactions. In terms of liquidity and depth, it exceeds the huge American domestic money markets; even the futures and stock markets are insignificant in comparison.
What is the Minimum Trade Size? For standard accounts, the minimum trade size is 1 lot or equivalent to 100,000 notional value of the base currency traded. For mini-accounts, the minimum trade size is 0.1 lot or 10,000 of the notional value of the base currency traded.
What is Margin? Margin is a good faith deposit giving an investor the right to buy or sell the value of the underlying contract of a currency or bullion contract. Let us examine a related example: An investor wants to buy a property for investment purposes. He approaches a bank to finance the investment. Banks usually ask for a down payment of 20% of the value or purchase price of the property. This down payment is somewhat similar to a margin deposit which allows the investor to trade a larger amount of money with a relatively small deposit. The small margin payments are one of the main reasons why Forex trading has become so attractive for individual investors.
What is a Margin Requirement? Trading in the Forex market is generally done on a margin basis. This means that only a small deposit, usually a fraction of the underlying value of the currency or commodity contract, is required for you to trade. For instance, you may only be required to deposit $1,000 into a margin account in order to trade a $100,000 of notional value of a currency contract. This $1,000 deposit is also sometimes referred to as margin or margin deposit. The deposit is essentially collateral to cover any losses that you might incur.
What are the trading hours for Forex? The Forex market is essentially a 24 hour non-stop global financial market. Trading typically starts from Sunday Midnight GMT 24:00 to Friday 21:00 GMT.
How can I Manage Risk? Limit and Stop orders are the most commonly used risk management tools in Forex trading. Our trading systems allow the placement of limit as well as stop orders to reduce the risk in trading.
What is a Stop Loss Order? A stop loss order is placed to close a position when a pre-determined price is reached. It is important to note that stop loss orders do not guarantee a particular closing price. The price specified in a stop loss order is merely a trigger point; if this price is met or exceeded the broker is instructed to close the position at market price. Stop loss orders attempt to limit potential losses should the market move against a trader¡¦s position.
What are the Most Commonly Traded Currencies in the FX markets? The most frequently traded currency contracts are made up of the following currency pairs:
US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar.
How often can I trade? You can trade as often as you like within your trading day. Depending on market conditions and trading activity an average small to medium trader might trade as often as 10-15 times a day.
How long can I keep my positions? Technically, you can hold your positions as long as you like. However, the Forex market has traditionally been a fast-paced and short-term trading environment. Professional traders prefer to open and close a position in a 24 hour period or less.
I am interested in Forex Trading, where can I find additional information? We have extensive tools and reference materials available. You can sign up for an online training course giving you a detailed overview of the Forex Market and the various trading requirements.
To get more info, please contact us at: info@concordinvest.com
Can I log in to my account and trade from different computers? Certainly. You can log into your account from any computer as long as our trading system is installed. Please note however, for security reasons, you cannot login to your account from different computers simultaneously.
Can I change my account password? Yes. Simply login to our system with your old password and follow these steps to change the password: Click on Options > Change Password and follow the instructions to set your new account password.
Concord Global Investments - Online Foreign Currency, Precious Metals and CFD Trading
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