Trading Tools
To better understand the activity in their Forex account, PFG has provided detailed
explanations of commonly utilized calculations and transactions that appear in client
statements. The Forex Direct trade platform puts the trader instantly in touch with
the analytical tools and account analysis necessary to deal in today's foreign exchange
market.
Spot foreign exchange transactions are the simultaneous purchase of one currency
and sale of another currency. Due to the fact that these are leveraged positions,
interest is earned on the currency that is purchased and due on the currency that
is sold. The following information will explain how these debits and credits are
calculated.
Forex positions are leveraged transactions. Margin deposits are required to enter
these transactions. The amount of deposit varies from currency pair to currency
pair. The Margin Calculator will explain this calculation.
While the popularity of electronic trading has increased dramatically, some clients
prefer to deal via the telephone. The underlying
information will assist in trading in this manner and in analyzing each aspect of
the account.
Currency pairs are either currency-based or US Dollar-based, which results in the
valuation of the profit or loss being denominated in differing currencies. The Profit/Loss Calculator will assist in determining
the value of each transaction.
As with most investment vehicles, the legal formats in which accounts may be held
are many. The options available to PFG clients are explained in the following sections.