WELCOME TO GOLDBERG FOREX GROUP
Currency Exchange also referred to as Foreign
Exchange, FX, or Forex, is the trading of one currency against another.
The Currency Exchange Market is an inter-bank or inter-dealer market
that was established in 1971 when floating exchange rates began
to materialize. In addition, it is an Over-The-Counter market, meaning
that transactions are conducted between two counter parties that
agree to trade via the telephone or electronic network. Trading
is thus not centralized, as is the case with many stock markets
or as the case for currency futures or options, which trade on special
exchanges. Currencies are traded every day for numerous reasons.
For example:
Consumers typically come into contact with currency exchange
when they travel. They go to a bank or currency exchange bureau
to convert one currency (typically, their "home currency") into
another (i.e. the currency of the country they intend to travel
to) so they can pay for goods and services in the foreign country.
Businesses typically have to convert currencies when they
conduct business outside their home country. For example, if they
export goods to another country and receive payment in the currency
of that foreign country, then the payment must often be converted
back to the home currency. Similarly, if they have to import goods
or services, then businesses will often have to pay in a foreign
currency, requiring them to first convert their home currency into
the foreign currency.
Commercial and Investment Banks trade currencies as a service
for their commercial banking, deposit and lending customers. These
institutions also generally participate in the currency market for
hedging and proprietary trading purposes.
Governments and central banks trade currencies to improve
trading conditions or to intervene in an attempt to adjust economic
or financial imbalances. Although they do not trade for speculative
reasons, they are a non-profit organization; they often tend to
be profitable, since they generally trade on a long-term basis.
Investors and speculators require currency exchange whenever
they trade in any foreign investment, be that equities, bonds, bank
deposits, or real estate. Investors and speculators also trade currencies
directly in order to benefit from movements in the currency exchange
markets. Speculators are often day traders, trying to take advantage
of market movements in very short time periods; buying a currency
and then selling it again may happen within hours or even minutes.
When executing transactions for Foreign Exchange clients, Goldberg
Forex Group utilizes the services of a futures commission merchant
(FCM) Forex.com, the foreign exchange equivalent of a broker
dealer. Forex.com is registered with the Commodity Futures Trading
Commission (CFTC) and are members of the National Futures Association
(NFA).
The professionals at Goldberg Forex Group are available to help
all qualified investors with the various opportunities and mechanics
of trading the Foreign Exchange Market. Before opening an account,
we will verify the suitability of each client and make certain there
is a full understanding of the potential risk and rewards of trading
the Foreign Exchange Markets.
Those clients attaining the services of Goldberg Forex Group to
trade the Forex Market will be provided with read only access to
their account, will have sole deposit/withdrawal rights, and will
be able to track account equity and total profit/loss in real time.
Goldberg Forex Group has limited power of attorney to trade the
account only and does not have deposit/withdrawal authorization.
In addition, clients can create up to the minute account statements
online, 24 hours a day.
“Gain Capital / Forex.com acts as the clearing agent and counterparty to customers introduced by Goldberg Forex Group margined forex transactions. Gain Capital / Forex.com is a registered Futures Commission Merchant (FCM), regulated by the Commodity Futures Trading Commission (CFTC), and a member of the National Futures Association (NFA).”
At Goldberg Forex Group we stand ready to assist you at any time.
Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, employ risk-reducing strategies such as 'stop-loss' or 'limit' orders.
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. Goldberg Forex is not responsible for communication failures or delays when trading via the Internet. Goldberg Forex employs back up systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Goldberg Forex is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Goldberg Forex has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice. |
Forex trading involves substantial risk of loss and is not suitable for all investors.
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