What is Forex Trading?
How to Trade Forex?
Why Trade Forex?
Product Sheet
General FAQ’s
Technical FAQ’s
Deposit/Withdrawal FAQ’s
Trading Glosary
The ups and downs of trading Forex.
Flexibility in trading: You can trade major currencies any time, 24 hours per day 5 days a week at any time during the day or night.
Low Spread cost: At FPG Fortune Prime Global we do not charge commission or any other hidden fees, our spreads are moderately lower than other brokers.
Go long or short: Unlike other financial markets, where it can be difficult to sell short, there are no limitations on shorting currencies. If you think a currency will go up, buy it. If you think it will fall, sell it.
Leverage: Because of the deep liquidity available in the forex market, you can trade forex with leverage. This can allow you to take advantage of even the slightest moves in the market.
High Liquidity: Forex is a $5 trillion market hence, there will always be people trading. This makes it easy to get in and out of trades at any time.
Low capital requirements: Traders can easily start forex trading with a small amount of initial capital, at FPG Fortune Prime Global we only require a minimum of $500 to trade.
High risk, high leverage: Just remember leverage is a double-edged sword and it can significantly increase your losses as well as your gains.
High Volatility: With no control over macro-economic and geopolitical developments, one can easily suffer huge losses in the highly volatile forex market.
Lack of transparency: When a brokerage is involved it often leads to lack of transparency and less outcome of the investment. It’s better advised to go and look for a broker who are regulated.
Price determination process: The process of price determination process in foreign trade exchange is often considered to be complex as the rates are influenced, and they fluctuate by multiple reasons.
Social trading: Free exchange of information on the internet is an advantage as it is easy to look up. However, a beginner trader may follow the wrong inexperienced trader and result in lost profit.
This website is published by Fortune Prime Global Capital Pty Ltd.
Investing in Over the Counter (OTC) foreign exchange and derivative products carries a high level of risk and is not suitable for all investors. You do not own, or have any rights to, the underlying assets which the OTC derivative is referring to. Before you decide whether or not to invest in these products, we encourage you to consider your investment objectives, your risk tolerance, and trading experience. You could lose substantially more than your initial investment so do not invest money you cannot afford to lose. We recommend that you seek independent advice before opening an account with us. We only provide general advice which does not consider your financial objectives or personal circumstances. The content of this website should not be interpreted as personal advice; Please seek advice from an independent financial or tax advisor if you have any questions.
Fortune Prime Global Capital Pty Ltd, ABN 55 147 766 336 is authorised and regulated by the Australian Securities and Investments Commissions (ASIC), AFSL no. 400364. Registered address: 18-20 Prospect St, Box Hill VIC 3128. It is authorised to perform financial services in Australia, limited to the authorisations given to it, and only for Australian residents.
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