Elevate the quality of your trading, account management and reporting with GAIN's suite of front to back office services.
Money managers trading pooled or individual client funds benefit from GAIN's trading and administrative tools and services.
With consistent price fills, priority access to GAIN's senior traders and research staff and sophisticated trading platforms and reporting tools, GAIN's money manager solution is one of the most competitive in the marketplace.
GAIN provides a dedicated team of account management specialists to provide ongoing back-office support, and help reduce your administrative responsibilities.
As a money manager, you have the option of establishing your own cash- or pip-based fee structure for your clients. These fees can be customized on a per-client basis or by trade definition.
GAIN's comprehensive money manager solution includes the following:
Expand your business and revenue potential while offering your referred clients one of the highest available level of service and support.
GAIN Capital's Introducing Broker Program allows individuals or entities to receive compensation for directing new clients to GAIN Capital.
Refer new self-directed or managed account clients to GAIN and earn a steady stream of compensation. In return, GAIN provides all of the essential tools and resources you need to launch and manage a successful IB operation.
We are committed to delivering the highest levels of service and a quality product offering to help you grow your business.
As an Introducing Broker, you and your clients will benefit from
Minato-ku, Tokyo - Mar 17, 2006 - FORTUNE Capital, a leading non-bank provider of foreign exchange(FOREX) trading services, is proud to announce that it has successfully received the Financial & Futures license from Financial Services Agency of Japan in accordance to Japanese Financial Futures regulation law No. 56th.
The licensing and registration are new requirements from firms offering forex trading services, as outlined in revisions to Japanese Financial Futures Trading Law, which took effect on July 1, 2005.
We, FORTUNE Capital will continually strive to provide a safe, reliable and exclusive services to all our clients.
We appreciate your warm support on choosing FORTUNE Capital.
Registration Detail:
Registration Date : Mar 17th, 2006.
Registration Number : No. 119
Company Name : FORTUNE Capital Co., Ltd.
Member Association : The Financial Futures Association of Japan
FORTUNE Capital offers FX traders the highest possible level of price transparency via real time streaming quotes, and a speed of execution that's unmatched in the marketplace.
Real-time bid/ask prices are continually streamed out to clients via our internet-based dealing software. To trade, clients simply click on the current bid or offer. Deals are confirmed instantaneously. Moreover, our trading platform is completely anonymous. We publish one bid/offer and allow any client to deal on the available price. This dealing practice ensures that all FX traders receive a firm, fair price on their FX transactions and eliminates slippage and re-quoting, both common complaints of forex traders.
State of the Art Trading Technology
Our trading platform is built for active FX traders. All trading functions can be performed from a single screen, including trade execution, order entry and technical analysis. One-click dealing ensures rapid-fire dealing? a distinct advantage in the fast moving FX market. All trading activity is tracked onscreen in real time, including current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details. Available decision support tools include a robust charting package, real-time streaming market news, a global economic calendar, and intraday market commentary.
Superior Liquidity
Our relationship with GAIN Capital, a registered Futures Commission Merchant (FCM) and one of the largest and most respected online FX market makers in the industry, ensures our ability to offer consistent liquidity and tight, aggressive dealing spreads to our client base. Our normal dealing spreads are 3-6 pips on all major currencies.
Full Services For Professional Traders Fund managers, CTAs and other institutional investors realize significant cost savings and operational efficiencies by trading online instead of via the telephone. We can provide a full suite of back office services specifically for traders who manage funds on behalf of multiple clients, including automated trade allocation, online reporting, end of month statements, pip and dollar commission reporting, etc.
Deal with Professionals
FORTUNE's management team is a group of respected Foreign Exchange Market veterans with extensive experience running large, global trading operations. In addition to successfully operating a 24x5 business with solid risk management and operating procedures, the entire FORTUNE team is fully committed to offering our clients exemplary customer service and complete safety of funds.
The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of well over US$1 trillion -- 30 times larger than the combined volume of all U.S. equity markets
To illustrate a typical FX trade, consider the following example.
The current bid/ask price for USD/JPY is 125.20/125.25, meaning you can buy $1 US for 125.25 Japanese Yen or sell $1 US for 125.20.
Suppose you decide that the US Dollar (USD) is undervalued against the Japanese Yen (JPY). To execute this strategy, you would buy Dollars (simultaneously selling Yen), and then wait for the exchange rate to rise.
So you make the trade: purchasing US$100,000 and selling 12,525,000 Yen. (Remember, for Normal Trading account, your initial margin deposit would be $4,000, or Day Trading account for $1,000)
As you expected, USD/JPY rises to 126.40/45. You can now sell $1 US for 126.40 Yen or buy $1 US for 126.45 Yen. Since you bought Dollars and sold Yen in your previous trade, you must now sell Dollars for Yen to realize any profit. If you sell US$100,000 at the current USD/JPY rate of 126.40, you will receive 12,640,000 JPY.
Since you originally sold (paid) 12,525,000 JPY, your profit is 120,000 JPY. To calculate Dollar-based P&L, simply divide 115,000 by the current USD/JPY rate of 126.40.
Total profit = US $909.81
Factors affecting the market
Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to "drive" the market for any length of time.
Fundamental vs. Technical Analysis
Currency traders make decisions using both technical factors and economic fundamentals. Technical traders use charts, trend lines, support and resistance levels, and numerous patterns and mathematical analyses to identify trading opportunities. Fundamentalists predict price movements by interpreting a wide variety of economic information, including news, government-issued indicators and reports, and even rumor.
The most dramatic price movements however, occur when unexpected events happen. The event can range from a Central Bank raising domestic interest rates to the outcome of a political election or even an act of war. Nonetheless, more often it is the expectations surrounding an event that drives the market rather than the event itself.
"Foreign Exchange" is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
There are two reasons to buy and sell currencies. 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.
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the Majors." Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
The FX market is considered an Over The Counter (OTC) or 'interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures markets.
Quoting Conventions
As with all financial products, FX quotes include a 'bid' and 'offer'. The 'bid' is the price at which a dealer is willing to buy (and clients can sell) the base currency for the counter currency. The 'ask' is the price at which dealers will sell (and clients can buy) the base currency for the counter currency.
The US dollar is the centerpiece of the Forex market and is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The exceptions to USD-based quoting include the Euro, British pound (also called Sterling), and Australian dollar. These currencies are quoted as dollars per foreign currency as opposed to foreign currencies per dollar
