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Compare foreign currency exchange services similar to FXDD and Xforex; in the following languages: russian, Estonian, Latvian and Italian; compare 24 hour trading, a customer support line and Beginner friendly service. Monitored by CBRC(China), ASIC(AU) or CFTC.
please tell me what an "overtrading" is
glossary FAQ: glossary.
Kayleigh W. From Bern, Switzerland
05 December, 2008
1. Excessive buying and selling of stocks by a broker on an investor's behalf in order to increase the commission the broker collects.
This situation has been known to arise when brokers are pressured to place a newly issued security underwritten by a firm's investment banking arm.
Also known as "churning".
2. A situation in which a company is growing its sales faster than it can finance them. This usually leads to enormous accounts payable or accounts receivable and a lack of working capital to finance operations.
1. One way to protect yourself from overtrading (churning) is through a wrap account - a type of account that is manged for a flat rate rather than charging commission on every transaction.
2. Many businesses become insolvent because they try to accommodate everyone who wishes to purchase their products. This ultimately leads to not being able to pay for the financing costs used to produce the goods. Visit FXCM
- FOREX.com:
- The somewhat green retail ECN foreign currency exchange server FOREX.com is based at 44 Wall Street, 6th floor, New York, NY 10005, and was established on 1999. FOREX.com is regulated by NFA.
- Some of FOREX.com's Specs:
- If you presume that less is more, best pass on this one. This trading program's local technology is kinda slow and is clumsily laid out. It does provide, though, sound level of reliability of the server connection. FOREX.com features twenty four hour access and a customer support service. FOREX.com's got an exclusively engineered tutorial interface and educational courses. To tell you the truth, this platform's not hugely innovative, but instead, it puts forth the more proven systems of '02 - '04 platforms. Like Seinfeld says: not that there is anything wrong with that! By the way, whether you prefer Russian, Chinese, Arabic or English, FOREX.com permits efficient and natural trading through its multilingual interface.
- Advantages:
- - Good for Beginners - Dependable Regulator - Good for Beginners - Customer Support
- Disadvantages:
- - High Minimum Deposit - Download - Confusing Options
- The Short of it:
- A feature full yet often complex platform.