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At Island Forex Trading we believe training is key to proper risk management.
Are you interested in trading forex and require training on a demo program? Already demo trading and need more help before opening a live account?
If you are already trading live with some success or maybe you are struggling with a live account.
We can help you to better understand the risks associated with forex trading. It is our opinion that better risk management can help you to reduce losses.
Whether new or experienced to trading you are welcome to contact our office with your questions.
We believe in our training program, simple and easy to learn. We work in small groups where individual attention is given to everyone. We do not charge for training, software or data feeds.
DealBook® 360 from GFT offers an award winning and user friendly software available today. Tight spreads on major currency pairs. A trading desk you can trust and a very committed group of operational people to help you with your questions.
NEW FOREX TRADERS Learn about the advantages of forex trading using our free tools, award-winning
trading software and risk-free practice accounts.
Develop a Disciplined Trading Strategy
Ask any successful trader and they will tell you that the key to trading success is discipline. Everyone has heard the expression “cut your losses and let your profits run” yet how many traders actually practice this? Many traders will hold on to losses hoping it will reverse eventually, only to see the loss get progressively larger.
These “irrational” trading decisions are based on emotional reactions to fluctuating profits and losses, a common pitfall for new traders. Losses can AND WILL occur. A trader's ability to limit his losses is just as important (or even more important) than determining entry points. Because the pip value on the Mini Account is just $1 per pip, traders can focus on developing a disciplined trading strategy, basing decisions on pip movement and market conditions NOT P/L.
Mini Account
Mini accounts are ideal for traders who have practiced trading with a demo account, and would like to gain more experience before opening a standard Island Forex trading account. Mini accounts allow traders to become more familiar and comfortable trading with GFT’s award-winning software, DealBook® 360, without risking large amounts of capital. Due to the smaller lot sizes, lower minimum account deposit requirements and the ability use higher leverage, mini accounts allow novice forex traders to develop trading strategies and build confidence in the market. With available leverage of up to 400:1, you can trade more efficiently by getting one of the highest leverage ratios in the forex market through Island Forex Trading.
High Level of Risk
Retail off-exchange forex trading carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose all of your initial investment and be liable for additional losses. Therefore, you should not invest money that you cannot afford to lose. Be aware of all the risks associated with forex trading and make an informed decision after consulting with your financial adviser and considering your own financial situation and objectives.
National Futures Association’s e-learning program and online booklet for retail off-exchange foreign currency trading.
As the industry wide self-regulatory organization for the U.S. futures industry, The NFA is committed to providing innovative programs and services that protect investors and ensure market integrity. They have always believed that one of the best ways to protect investors is to provide them with the materials they need to make informed trading decisions.
The NFA has prepared an e-learning program and an online booklet as part of its continuing public education efforts to provide information to potential investors. The material presents an overview of the retail off-exchange foreign currency market and provides other important information that investors need to know before they invest in the off-exchange foreign currency market.
NFA Forex online learning program ....click here
NFA Forex booklet ...click here
To open either a live or demo account after reading all of the information on this site click the appropriate box below.
Live Standard Forex Live Mini Forex Free Demo
Trading Account Trading Account Trading Account
$2,500 min $250 min 50K practice account
Up to 400:1 leverage Up to 400:1 leverage Free training
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