Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
(PRWEB) December 2, 2008
Forex Trading Pal has recently launched its rebate program. On the Forex Trading Pal website you will find rebate offers that cannot be matched by most other introducing brokers and, also very important, Forex Trading Pal only works with some of the most respected dealing firms in the market. This allows traders to work with the best brokers available while keeping their transaction costs low.
Traders can participate in Forex Trading Pal’s rebate program free of charge by indicating that Forex Trading Pal referred them when signing up for a live account at a dealing firm. Traders will then receive a rebate on every trade they make. For example, if a certain trade involves a spread (this is in fact the commission paid by the trader) of 2 pip, or 20 Dollar, Forex Trading Pal will pay back up to 0.5 pip, or 5 Dollar, on every trade. These rebates can add up to thousands of Dollars annually and are thus an excellent way for a trader to lower his/her net transaction costs (in this case by 25%).
The foreign exchange (Forex) market is a huge market nowadays and an increasing number of traders from around the world is active in it. While a huge number of institutional traders are into Forex trading, the market also has an important retail segment. Especially this retail segment contains a lot of inexperienced traders who enter the market not well-informed because they don’t use introducing brokers.
Major pitfalls for inexperienced traders are for example: not having a clear trading strategy, the inability to oversee the relatively high risks involved with Forex trading and a lack of understanding with regard to transactions costs. The main problem is that inexperienced traders will not always learn to overcome these pitfalls when they go directly to a Forex broker (dealing firm) and start trading. The reason for this is that it is not always in the broker’s best interest to educate its clients. For example, some brokers trade against their clients (by holding the opposite position of the client’s trade) and benefit from bad performing traders.
Because of the complex nature of the Forex market, any trader new to the market should turn to an introducing broker like Forex Trading Pal for advice. Introducing brokers are companies that research the market, have strong relationships with certain dealing firms and offer free services (like Forex Trading Pal’s rebate program) to traders. Introducing brokers are in the best position to match a trader with a certain broker because introducing brokers have insight in both the traders’ needs and the brokers’ offers. Furthermore, the services of an introducing broker are completely free of charge. This means that a trader benefits from free advice and additional services.
An introducing broker like Forex Trading Pal gets compensated by the brokers to which it refers clients. One could argue that this makes the introducing broker less independent but in fact it is in the introducing broker’s best interest to work only with high quality brokers in order to keep its clients satisfied. Furthermore, the fact that the introducing broker gets compensated by the dealing firms is the very reason that it can offer its services (like for example a rebate program) for free.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
(PRWEB) December 2, 2008
Forex Trading Pal has recently launched its rebate program. On the Forex Trading Pal website you will find rebate offers that cannot be matched by most other introducing brokers and, also very important, Forex Trading Pal only works with some of the most respected dealing firms in the market. This allows traders to work with the best brokers available while keeping their transaction costs low.
Traders can participate in Forex Trading Pal’s rebate program free of charge by indicating that Forex Trading Pal referred them when signing up for a live account at a dealing firm. Traders will then receive a rebate on every trade they make. For example, if a certain trade involves a spread (this is in fact the commission paid by the trader) of 2 pip, or 20 Dollar, Forex Trading Pal will pay back up to 0.5 pip, or 5 Dollar, on every trade. These rebates can add up to thousands of Dollars annually and are thus an excellent way for a trader to lower his/her net transaction costs (in this case by 25%).
The foreign exchange (Forex) market is a huge market nowadays and an increasing number of traders from around the world is active in it. While a huge number of institutional traders are into Forex trading, the market also has an important retail segment. Especially this retail segment contains a lot of inexperienced traders who enter the market not well-informed because they don’t use introducing brokers.
Major pitfalls for inexperienced traders are for example: not having a clear trading strategy, the inability to oversee the relatively high risks involved with Forex trading and a lack of understanding with regard to transactions costs. The main problem is that inexperienced traders will not always learn to overcome these pitfalls when they go directly to a Forex broker (dealing firm) and start trading. The reason for this is that it is not always in the broker’s best interest to educate its clients. For example, some brokers trade against their clients (by holding the opposite position of the client’s trade) and benefit from bad performing traders.
Because of the complex nature of the Forex market, any trader new to the market should turn to an introducing broker like Forex Trading Pal for advice. Introducing brokers are companies that research the market, have strong relationships with certain dealing firms and offer free services (like Forex Trading Pal’s rebate program) to traders. Introducing brokers are in the best position to match a trader with a certain broker because introducing brokers have insight in both the traders’ needs and the brokers’ offers. Furthermore, the services of an introducing broker are completely free of charge. This means that a trader benefits from free advice and additional services.
An introducing broker like Forex Trading Pal gets compensated by the brokers to which it refers clients. One could argue that this makes the introducing broker less independent but in fact it is in the introducing broker’s best interest to work only with high quality brokers in order to keep its clients satisfied. Furthermore, the fact that the introducing broker gets compensated by the dealing firms is the very reason that it can offer its services (like for example a rebate program) for free.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Business Wire, NYSE Enter into an Affinity Marketing Partnership That Provides Corporate Issuers with Special Benefits
Business Wire, NYSE Enter into an Affinity Marketing Partnership That Provides Corporate Issuers with Special Benefits
NEW YORK (PRWEB) May 3, 2007
The marketing arrangement provides all NYSE issuers with a special Business Wire membership package that includes complimentary EDGAR regulatory filings, incentive pricing on select products and services, and co-sponsored educational conferences and webinars on topical investor relations themes.
“Business Wire is proud to align itself with the world’s largest and premier financial market,” said Cathy Baron Tamraz, president and CEO. “As markets consolidate and companies reach out to the international investor community, Business Wire is well positioned to work with NYSE-listed companies on a global basis and provide a full range of IR services.”
Business Wire is a wholly owned subsidiary of Berkshire Hathaway (Fortune 12), a NYSE-listed company.
About Business Wire
Business Wire, a Berkshire Hathaway company, is utilized by thousands of member companies and organizations to transmit their full-text news releases, regulatory filings, photos and other multimedia content to journalists, news media, trade publications, institutional and individual investors, financial information services, regulatory authorities, Internet portals, information web sites, business-to-business decision-makers and consumers worldwide. With a news distribution network spanning 150 countries and 45 languages, Business Wire’s multi-channel delivery network has access to some 60 international and national news agency networks throughout the Americas, Europe, Asia, the Middle East and Africa.
The Business Wire news network is powered by its patented NX high-speed data platform and supports XML, XHTML and XBRL code to deliver the most sophisticated news file to enhance news release interactivity, customization and search engine optimization. Business Wire has 30 bureaus in cities including New York, San Francisco, Los Angeles, Chicago, Boston, Miami, Paris, Frankfurt, London, Brussels, Tokyo and Sydney with reciprocal offices throughout the world. Business Wire was founded in 1961 by Chairman Lorry I. Lokey, veteran journalist and public relations executive. Cathy Baron Tamraz is president and CEO.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of trading products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $ 28.5 trillion/EUR 21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $ 118.8 billion/EUR 89.9 billion (as of February 28, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s Registration Statement on Form S-4 (File No. 333-137506), NYSE Euronext Registration Statement (document de base) filed with the French Autorite des Marches Financiers (Registered on November 30, 2006 under No. 06-0184), Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Attachments
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Find More NYSE Press Releases
Business Wire, NYSE Enter into an Affinity Marketing Partnership That Provides Corporate Issuers with Special Benefits
Business Wire, NYSE Enter into an Affinity Marketing Partnership That Provides Corporate Issuers with Special Benefits
NEW YORK (PRWEB) May 3, 2007
The marketing arrangement provides all NYSE issuers with a special Business Wire membership package that includes complimentary EDGAR regulatory filings, incentive pricing on select products and services, and co-sponsored educational conferences and webinars on topical investor relations themes.
“Business Wire is proud to align itself with the world’s largest and premier financial market,” said Cathy Baron Tamraz, president and CEO. “As markets consolidate and companies reach out to the international investor community, Business Wire is well positioned to work with NYSE-listed companies on a global basis and provide a full range of IR services.”
Business Wire is a wholly owned subsidiary of Berkshire Hathaway (Fortune 12), a NYSE-listed company.
About Business Wire
Business Wire, a Berkshire Hathaway company, is utilized by thousands of member companies and organizations to transmit their full-text news releases, regulatory filings, photos and other multimedia content to journalists, news media, trade publications, institutional and individual investors, financial information services, regulatory authorities, Internet portals, information web sites, business-to-business decision-makers and consumers worldwide. With a news distribution network spanning 150 countries and 45 languages, Business Wire’s multi-channel delivery network has access to some 60 international and national news agency networks throughout the Americas, Europe, Asia, the Middle East and Africa.
The Business Wire news network is powered by its patented NX high-speed data platform and supports XML, XHTML and XBRL code to deliver the most sophisticated news file to enhance news release interactivity, customization and search engine optimization. Business Wire has 30 bureaus in cities including New York, San Francisco, Los Angeles, Chicago, Boston, Miami, Paris, Frankfurt, London, Brussels, Tokyo and Sydney with reciprocal offices throughout the world. Business Wire was founded in 1961 by Chairman Lorry I. Lokey, veteran journalist and public relations executive. Cathy Baron Tamraz is president and CEO.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of trading products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $ 28.5 trillion/EUR 21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $ 118.8 billion/EUR 89.9 billion (as of February 28, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s Registration Statement on Form S-4 (File No. 333-137506), NYSE Euronext Registration Statement (document de base) filed with the French Autorite des Marches Financiers (Registered on November 30, 2006 under No. 06-0184), Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorite des Marches Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Attachments
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Find More NYSE Press Releases