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Introduction to Advanced Forex
Advanced Forex by Cash Now is a site designed for
serious day traders. If you want to learn
how to trade for the first time, you may
want to try a different Forex website.
While Advanced Market’s software is not complicated, we don't offer a lot
of 'educational tools' and a 24 hour client service line or other hand-holding
services.
Why don't we offer these services? It's quite simple. They are expensive
to run. They are time consuming. Someone has to pay for it – and
ultimately, that means you, the consumer.
Having
said that, if you're still with us, you
are probably not new to Forex trading,
or you're prepared to invest a little time
to learn how to use the software without
someone spoon-feeding you. We
believe the more you know about trading forex,
and how prices can be manipulated by brokers,
the more you’ll like trading through
us. Ultimately, the forex dealer determines
the execution price. If you are not
trading on a pure pass-through manner, you
can only guess at total amount of money being
made with each of your trades.
We are an
Introducing Broker for Advanced Markets. There
are no additional fees added by us as an
Introducing Broker. Your are still getting
100% of the trading benefits, the same tight
pip spreads and transaction fees. Our
transaction pricing is identical to Advanced
Markets.
The trading platform used by Advanced Markets
is linked to bank partners who have direct
access to the Interbank market. It is important to note that
only large banks and financial institutions have direct access to the Interbank
market. Any claims of a forex trading service connecting directly to the
Interbank market is intentionally misleading. Currently, there has to be
at least one intermediary between a financial institution and a retail client. Period.
Speed, transparency and integrity are key
features you must look for when trading forex.
The Advanced Market trading platform is directly
linked to banks on the Interbank market. There is no third party software sitting on top of this program. There
are no dealing desks. That means that the quotations shown on the website
are in “real time” and have not been adjusted to increase the profit
to the broker. In other words, when you’re quoted a 2.0 pip spread,
that's it. No sophisticated software to delay the quotes in favor of the
brokerage house. And no adjustments
to the spread.
Technically, off-exchange
retail Forex trading sites can legitimately
adjust the spread on currencies in their
favor. That's because they are the market makers, and can offer to
buy and sell legitimately at any price they set. While
the quotes generally follow the Interbank
rates, they are not required to match the
actual interbank rates exactly, and they
do not have to track actual currency movements
in real-time.
In other words, you may need a 5 to 10 pip
movement, sometimes more, to actually make
money.
Cash Now believes that if we attract serious
day traders, they will trade more often,
and with larger amounts.
We expect our customers to stay with us for the long haul. Most other Forex websites
need to constantly attract new customers. Why? Once
someone starts to trade Forex seriously,
they tend to invest a little more money to
get live feeds of important news and events
affecting currency values.
They also
tend to purchase a live feed of the interbank
market rates. At that point, they ask a lot
of questions as to why the trading platform
rates don't match the live feed rates directly
off the Interbank market. The result: one unhappy customer
looking for a better deal. We hope that they, like you, end up here.
Advanced Forex by Cash Now let's you make more money, and we're pretty confident
that if you make more, we will make more in the long run. That's
a real win-win scenario!
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