Wednesday, October 1, 2008

IFXTAG OF FOREX

International Forex Traders Affinity Group (IFXTAG) was established to unite individual traders, creating a force of magnitude and influence. We are fighting for the actual democratization of the global forex market. Working closely with influential government regulatory and private organizations throughout the world IFXTAG advocates for its membership: Fair Trading Conditions Responsive Analytical Support Professional Training Real Time Access to Critical News and InformationWhat is an Affinity Group? A group of people, who have an interest, a concern, an idea or an argument in common.Our international membership base is currently thousands strong and growing daily. IFXAG is becoming the market force to be reckoned with. Our sheer number of subscribers enables us to work with the forex industry’s leading content providers, financial publication editors, and training professionals. As a united force we can now deliver the same resources and operational efficiencies as the most powerful financial and corporate institutions. For IFXTAG members the training, trading tools, information, real-time data and other services are offered with a substantial discount.
We are not a trading company. We are an independent Group. We do not solicit or accept sponsorships or advertisers. If, in any shape or form, we refer to, indorse or give our IFXTAG Seal of Approval to a product or service, it is solely for the good of the Group or an individual trader.
Each day around the world thousands of non-institutional forex traders face the same problem. How can an individual trader sitting at home or in a small office beat the currency markets? Alone and without the resources the major financial and corporate institutions have access to, we are at a distinct trading disadvantage. We have higher execution costs. What tools do we have to decide if we should trade for or against the market? What strategies do we use and when? When should we get in or out of a currency position? What knowledge and experience do we rely upon to make these decisions? What resources does our current forex trading service provider give us to achieve an optimal trading edge?
It seems easy to find the answers. Go to any of the leading Internet search engines. There is a whole array of retail forex service providers supposedly offering these same services affordably or even free. But the individual trader is frozen out of the big boys’ club with all its specialized privileges and advantages. A financial institution pays as much as $3,000 per month to a Market Analysis Provider for its proprietary traders worldwide. This same institution is willing to pay as much for each trader to take a training course. And thousands of dollars a month are spent for an executable price feed delivered to a thousand workstations. Not indicative, but real-time, dealable, executable prices. What is the difference?
The difference is that leading financial institutions are working off a different business model. They have access to preferential pricing and trade execution, based on their transaction volume, knowledge of the markets and long-standing relationships. They can afford to arm their people with the best resources because they have the strategic advantage of economies of scale, access to time-critical information and huge profit margins. The individual trader, up to now, has been at a significant disadvantage. The rules of the game are now changed to our advantage. The playing field has been leveled. Here’s why and how:
Imagine paying only a small monthly fee to receive the same real time inter-bank market prices as the major financial institutions.
Or learn key trading skills and strategies from a professional training course that will turn you into a disciplined, professional trader benefiting from the same techniques and expertise the professionals rely upon.
Would you pay as little as $100 a month for the market insight available only to large institutions which pay thousands of dollars for the very same information?
Would you like to know how and when to ride with the market, instead of watching it move against you?
This is precisely why IFXTAG was established. We can do it! We are doing it! We are delivering the finest services and products available to our IFXTAG community. This is Our Mission.
Forex and You
Forex, the global spot foreign currency market, is the world’s oldest, most liquid and largest financial market, with about $ US 2.2 trillion traded daily by corporations, financial institutions and private investors. Large institutions have traditionally dominated Forex, with about 850 institutional trading floors around the world. Forex offers huge financial returns and has, until recently, been inaccessible to most individual traders.
Through efficiencies created by the Internet, the retail forex market has emerged and is gaining strong momentum. Thousands of individual traders, like you, enter the market every day. Individuals now have an opportunity to trade and profit from the currency market, just like Forex traders at the world’s major financial institutions! We are at the dawn of a democratized global currency trading marketplace!Although the Market seems perfect, the benefits of this Market historically could and have only been realized by a few select participants. Unfortunately, something is very, very wrong.
The current market consists of three levels, where “price makers” (dealers) from the top financial institutions offer two-sided pricing to “price takers” (traders) of the lower tiers. The first and second tiers have access to all the prices offered in the Market, while the third tier has “ILLUSIONARY” access. This third tier consists of the “retail” participants: the general public. We, the individual traders have limited resources, which restrict our ability to obtain primary dealing sources. This, in turn, makes it very difficult for us to make the kind of profits that are available to the participants at the higher tiers. This one-on-one “price maker” to “price taker” relationship allows dealers to “lean” prices according to their views and knowledge of their clients’ current positions, thereby making huge profits and limiting their clients’ profitability.
The principal disadvantage of retail online Forex is not being part of a networked community and the loss of personal contact. There are thousands of us, individual traders stranded out there. We are a significant market force to be reckoned with, based on our size and potential buying power alone. IFXTAG is committed to harnessing that potential to make electronic trading work for our global community of subscribers.

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