Global Forex Trading

Founded in 1997, Global Forex Trading (GFT) is a provider of real-time currency dealing, pricing and comprehensive services for retail and institutional foreign exchange traders. Serving a global customer base in more than 120 countries through its DealBook® 360 trading software and 24–hour trading operation, GFT's world headquarters is based in Ada, Mich., with global offices located in Chicago, New York, Tokyo, Sydney, Australia and London (London office operated through GFT Global Markets UK Ltd.).

Global Forex Trading (GFT), Division of Global Futures & Forex Ltd. (GFF), is part of a family of privately held companies that includes the wholly owned subsidiary and financial derivatives dealer, GFT Global Markets UK Ltd. All companies are led by Gary L. Tilkin, a leader who has earned numerous awards within and outside of the financial services industry.

* Best Foreign Exchange Platform (Trader Monthly magazine, US, 2007)
* Best Foreign Exchange Broker (Shares Magazine, 2006);
* Fastest Growing Technology Company (Deloitte “Technology Fast 500”, 2005);
* Two Readers Choice Award for Software Platform (Technical Analysis of Stocks & Commodities Magazine, 2005).

Devexperts has developed DealBook® 360 trading system for Global Forex Trading (GFT). DealBook® 360 is intended for online trading on the international FOREX market. The software system allows closing transactions, issuing and processing orders, generating reports on trading activity, and real-time quotes, cross-rates and indexes monitoring. GFT provides both individual investors and institutional brokers’ operation support. Furthermore, the substantial number of GFT partners entails the implementation of multi-language and multi-brand interfaces. This allows GFT clients to work under their own brands (whitelabeling). Together, several thousand users simultaneously work in the system, generating a lot of transactions per second. The software for FOREX trading includes charting and technical analysis modules. Moreover, the system features up to 150 technical indicators.

Global Forex Trading: Understanding How The World Market Works

If there is one truly significant difference between the Forex markets of the world and their counterparts in stocks, bonds, futures, commodities or any other trading market you can think of, it would have to be the fact that the Forex market is truly international. When you are trading stocks there are always going to be hurdles to investing in foreign companies and the same is true for futures, commodities and even land because the government has direct control over all of those things and it can exercise that control whenever it feels the situation warrants it.

The Forex market on the other hand is simply about exchanging one currency or another. Aside from limiting the amount of currency they have available and therefore limiting the liquidity in the marketplace, governments can do absolutely nothing to prevent international exchanges of currencies and for that reason when you trade with Forex, you are truly participating in global Forex trading in the most basic sense of the term.

Forex Trading Forecast: U.K. Pound

The forex trading forecast for the U.K. pound is likely to be determined by the housing market and other economic indicators. Today, on word that the real estate sector has improved, sterling has improved against the dollar -- and the euro -- in currency trading.

However, it is important to take this news with a grain of salt. The Forex Blog reports on how to view the recent bounce in forex trading for the U.K. pound:

In short, it’s difficult to ascertain whether the Pound’s recent upside is a product of technical factors or a genuine improvement in the fundamental situation. On the technical side, the currency had probably become oversold from irrational risk aversion, and the current rally could represent a pullback. Until there is definitive evidence that the British economy has turned the corner and/or that the BOE plan shows signs of success, I would advise skepticism.

Until things start turning around for the economy, things are unlikely to truly improve in currency trading with the sterling.

Dollar Down Against Japanese Yen in Forex Trading

The dollar is down against the Japanese yen in forex trading on the currency market. Indeed, the yen is gaining strength again in FX trading, with an unwinding carry trade and concerns about risk and volatility.

Currency trading with USD/JPY should consider, however, that the greenback is only down against the yen today. Against other major currencies, the dollar is doing quite well, making up some solid ground.

Japanese officials prefer a weak currency, however, and this move is probably not agreeable to them. The Bank of Japan has been reluctant to intervene directly in the currency market, and that has meant that the yen has been strengthening lately as traders consider the yen for capital preservation strategies in these unsure economic times.

Euro Drops Slightly in Forex Trading

The euro has dropped slightly in forex trading. While doing better today than yesterday, the 15-nation currency is nevertheless struggling against the U.S. dollar in FX trading. Right now in currency trading, the euro continues to be affected by euro zone officials' comments, reports GFT's Boris Schlossberg in FX360:

With no eco data on the docket euro was hurt early by comments by Axel Weber that there are no “economic green shoots” in German or Eurozone economies. As we noted yesterday, the true measure of the health of the EZ economy will become more evident tomorrow when the market sees the PMI composite data.

It is clear that one of the main stumbling blocks to the euro in forex trading remains the seemingly disparate policy from officials. Additionally, the perception that ECB policymakers appear to be in denial about the magnitude of the euro zone's economic problems isn't helping matters.

Canadian Dollar Continues to Fall in Forex Trading

The loonie is down again in currency trading on the FX market today. After yesterday's Bank of Canada rate cut, the Canadian dollar is struggling in forex trading.

USD/CAD is expected to test 1.2435 today in FX trading as the economic news out of Canada continues to be weaker than many would like. For the most part, consolidation is the key right now, but there is a definite bullish flavor to the proceedings.

With the Canadian dollar relying heavily upon the exports of its good for support in currency trading on the FX market, it is no surprise that the slow global economy is causing problems for the currency in FX trading.

Sterling Forex Trading Forecast

There was some hope for the U.K. pound in currency trading after yesterday's bounce on the FX market. Today, though, there are some very real concerns about the state of the British economy and how the sterling forex trading forecast will play out.

The biggest factor right now in considering the U.K. pound in currency trading is the fact that debt is starting to be a problem. Action Forex reports on the deficit levels in Britain:

The UK government deficit levels will continue to represent an extremely important medium-term risk factor for the UK currency. Countries with budget deficit levels above 10% of GDP run a very important risk of suffering a collapse in confidence.

Debt is also expected to be a problem for the U.S. dollar down the road. Once the fundamentals are examined, the greenback -- like the sterling -- is expected to run into problems in forex trading.