FX Solutions Is the Fastest-Growing Forex Trading Company; Ranks 44th on Inc. 500 List of Fastest-Growing Private U.S. Companies
(ContentDesk) October 24, 2005 -- FX Solutions, LLC, a leading online retail foreign exchange trading company, announced that it ranked 44th on Inc. magazines 24th Annual Inc. 500 List of the fastest-growing privately held companies in the United States.
According to the list, FX Solutions is also the fastest growing privately held retail Forex trading firm in America.FX Solutions' 3 year revenue growth was 1,517% and is representative of the quality service and Forex trading solution that they provide to their retail clients.
From day one, we focused on providing the most comprehensive platform, most efficient price discovery, tightest effective spreads, and reliable, automated trade execution for our clients, said Robert Cortright, Co-Founder and Co-CEO of FX Solutions, and being the fastest-growing Forex trading company in the space is validation that we provide the best overall trading experience for our customers.
We are thrilled to be the on the list and pride ourselves on continuing to provide our customers with the best trading service and experience in the industry. Thomas Plaut, Co-Founder and Co-CEO of FX Solutions continued this thought with This is just a sign of things to come.
Our revenue for 2005 is up over 200% versus 2004 and we have set the benchmark very high in terms of price discovery, customer service, risk management tools, and trade execution that we have become the only Forex trading solution for the serious retail trader.
This ranking validates our stand and our current and future customers will see only more in the way of trader-centric innovations as we continue to grow. FX Solutions, located in Ridgewood, N.J., positioned itself as the fastest growing privately-held firm in the retail Forex industry.
FX Solutions is a market-maker in the online retail foreign exchange industry, and offers its clients a proprietary Forex trading platform, the Global Trading System, as well as the most accurate price discovery and best execution of customers' trades.
To be included on the list with these other great companies is a real honor, concluded Robert Cortright, and we will work hard to make sure we continue to deliver value to our customers. For more information, visit www.fxsol.com.
Forex basics: make money with money, part 1
FOREX or The Foreign Exchange market refers to an international exchange market where simultaneous buying of one currency and selling of another is done. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). It is one of the most unique markets of the world because it is almost free from all the external controls and secondly it has largest liquid financial market, with trade reaching between 1 and 1.5 trillion US dollars a day, that is 30 times larger than the combined volume of all U.S. equity markets.
Buying and selling of currencies is basically for two reasons. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency.
The other 95% is trading for profit, or speculation.
The FX market is considered an Over The Counter (OTC) or 'interbank' market, due...
Forex > Forex basics: make money with money, part 1
Choosing A Forex Broker
With currency trading becoming ever more popular, the number of brokers is growing at a rapid rate. What should one look at when deciding which broker to open an account with? These are the important points to consider.SpreadBecause currencies, unlike futures and stocks, are not traded through a central exchange, the spread can be different depending on the broker you use, so it's well worth checking a few out before you open an account. Most forex brokers publish live or delayed prices on their websites so you can compare spreads, but check if the spread is fixed or variable. A fixed spread means exactly that - it will always be the same no matter what time of day or night it is. Some brokers use a variable spread, which might appear to be nice and small when the market is quiet, but when things get busy they can widen the spread which means the market must move more in your favor before you start to make a profit.
Fixed spreads are generally slightly wider than the variable...
Choosing A Forex Broker
Forex > Choosing A Forex Broker
Why Forex Trading Is So Popular
The Forex market is often more appealing to people that like to live on the edge. There is more uncertainty by far and the rewards of knowing when to buy and sell can be immense.
For those of you who don't know, the Forex stands for, Foreign Exchange Market. The Forex deals in all different types of currencies and pits them all against each other. For example: the English pound might be worth more than the American dollar but if there is a natural disaster or a nasty political event, then the pound could drop below the value of the American dollar and thus would make money for the individual who had bought the English pound, when they sell.
The people who trade on the Forex market are known as day traders. The reason for this is that the day trader buys at the beginning of the market for that day and then sells off all that he or she had bought by the end of the day.
This type of trading is not for the inexperienced. There is potential to make a lot...
Why Forex Trading Is So Popular
Forex > Why Forex Trading Is So Popular
Introduction and Overview of Forex Trading
Forex involves the trading of currencies. It is the largest financial market in the world and has an estimated daily turnover of 1.9 trillion dollars. This turnover is larger than all the worlds' stock market on any given day.
The forex market does not have a fixed exchange. The forex market is considered an over-the-counter (OTC) market. The forex market is completely electronic and trades are executed over the phone or on the Internet.
Until 10 years ago the forex market was the preserve of large financial institutions. Now an ever-increasing amount of individual traders thanks to the advent of the Internet and an increasing amount of online forex brokers are trading forex.
Currencies are always traded in pairs. A typical pair would be EUR/USD (Euro over US dollars). The first currency is the base. The second currency is the counter currency.
The pair can be viewed, as the amount of the secondary currency that is needed to buy 1 unit of the...
Introduction and Overview of Forex Trading
Forex > Introduction and Overview of Forex Trading