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You pay ZERO commissions and exchange fees!
In the futures market, you must pay commissions and exchange fees. In the FOREX market, you pay NONE of that. No
commissions. No exchange fees. Not one red cent. How can FOREX do that? Simple. Because you deal directly with the
market maker via a purely electronic online exchange, you eliminate both ticket costs and middleman brokerage fees.
There is still a cost to initiating any trade, but that cost is reflected in the bid/ask spread that is also present in futures
trading. And, because the FOREX trading platform offers instant execution off firm two-way prices, you never have to worry
about price "slippage" or bad fills which happen all too often in other financial products.
You get more leverage than futures
The sheer size of the currency market (46 times greater than all futures markets combined) and the greater price stability
allow you to trade with a much higher degree of leverage than is typical with futures contracts. Plus, you are able to select
the degree of leverage that you wish to employ in trading. Unless you specify otherwise, FOREX sets your leverage level at
FOREX's most lenient requirement. The actual margin requirements for leverage vary with account size.
For example, if your account has $10,000 in it, then the margin requirement is $100 for every position (approximately equal
to $100,000 worth of currencies). Thus, the margin requirement is just 1% of the total value of the currencies traded - a
100:1 ratio.
Your risk is strictly limited
With FOREX, you can NEVER have a debit balance! In the event that funds in your account fall below margin requirements,
the FOREX Dealing Desk will simply close all open positions. That means that, even if you are dead wrong and there is a
catastrophic market move against you, you can never lose more than the amount of money you have in your account. In
addition, by using stop loss orders that are guaranteed by FOREX, your risk can be further limited and defined. That
provides you with tremendous peace of mind.
You get instantaneous execution and firm prices
The futures market does not offer instant execution or price certainty. Even with electronic trading and limited guarantees
of execution speed, the price for fills on market orders is far from certain. In the futures market, the prices represent the
LAST trade, not necessarily the price for which the contract will be filled. With FOREX currency trading, in contrast, you get
instantaneous execution and price certainty. On the FX trading, you trade directly off real-time streaming prices. Your
trades are filled instantly. There is no discrepancy between the displayed price and the execution price. This holds true
even during volatile times and fast moving markets.
You get maximum liquidity
Due to its enormous size (46 times bigger than all futures markets combined), the currency market is the most liquid market
in the world. The spot currency market is a $1.4 trillion daily market, making it the largest and most liquid market in the
world. This market can absorb trading volume and transaction sizes that dwarf the capacity of any other market. If you
compare this to the $30 billion per day futures market, it becomes clear that the futures market provide only limited liquidity.
The currency market, in contrast, is very liquid, meaning positions can be liquidated and stop orders executed without
slippage.
You can easily trade 24 hours a day
Unlike most futures exchanges, the currency market is a seamless, 24-hour market. At 5 p.m.Sunday, New York time,
trading begins as markets open in Sydney and Singapore. At 7 p.m. the Tokyo market opens, followed by London at 2 a.m.,
and finally New York at 8 a.m. As a trader, this allows you to react to favorable or unfavorable news by trading immediately.
It also gives you the added flexibility of determining your trading day. By comparison, the currency markets in the United
States, such as the Chicago Mercantile Exchange and Philadelphia Exchange, have regulated hours. The CME, for
instance, opens at 8:20 a.m. New York time and closes promptly at 2 p.m. Therefore, if important data comes in from
England or Japan while the U.S.futures market is closed, the next day's opening could be a wild ride. (Overnight markets in
futures currency contracts exist, but they can be thinly traded, not very liquid and difficult for the average investor to
access.)
You don't worry about rolling over your positions
With FOREX, open positions are rolled over automatically every two days. As a service to you, at 5 p.m. ET FOREX
automatically rolls over all your open positions (swaps the trade forward) to the next settlement date two business days in
the future. As is true with futures, there is often a carrying cost associated with rolling over a position. Moreover, currency
positions sometimes can actually make you money on the rollover. That is because your profit/cost is determined by the
difference in interest rates between the two currencies. Thus, if you are long the currency with the higher interest rate in
the pair, you will actually gain on the spot rollover through the premium relationship of that currency relative to the short
currency. The amount of the gain is determined by the interest rate differential between the two currencies, and fluctuates
day-to-day with the movement of prices.
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FENIX CAPITAL MANAGEMENT, LLC, 12890 S.W.VILLAGE PARK LANE, TIGARD OR 97223, U.S.A.
E-MAIL: admin@fenixcapitalmanagement.com FAX: 1.503.213.8896 TEL: 1.512.532.7475
______________________________________________________________________________
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Fenix Capital Management,LLC (“FCM”)
DISCLAIMER
Users:
The FCM web site contains information about investments in FOREX trading and FOREX managed trading accounts. As such, access to the information contained herein may be restricted
by laws and regulations applicable to the user. This information is not intended to be published or made available to any person in any jurisdiction where doing so would result in
contravention of any applicable laws or regulations. In particular, certain investments can be marketed in certain jurisdictions only. The user should ensure that the use of this information
and the making of any investment as a result does not contravene any such restrictions. It is the user's responsibility to be informed and to observe all applicable laws and regulations of any
relevant jurisdiction.
The information contained within the FCM web site does not constitute an offer or solicitation to sell or buy FOREX contracts , by anyone in any location in which such offer, solicitation, or
distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so, or to anyone to whom it is unlawful to make such offer or solicitation. Any user
distributing information taken from this site, in whatever form, to any other person, agrees to attach a copy of this page and obtain the agreement of such other person to comply with the terms
set forth on this page.
Applications to invest in any program listed on FCM's web site must only be made on the basis of the offer document relating to the specific investment (e.g. Risk disclosure, prospectus,
investment memorandum, or other applicable terms and conditions). All users should consult an appropriate professional advisor as to whether they require any governmental or other
consents, or need to observe any formalities to enable them to invest in any particular fund. If you are unsure about the meaning of any of the information contained within the FCM web site,
please consult a professional advisor.
FCM, or any of its information providers, licensees, directors, employees, or agents does not make any warranty as to the results to be obtained from use of this website or the investment
opportunities presented on this web site. This web site and investment opportunities within this web site are distributed without warranties of any kind, either expressed or implied.
Neither FCM nor anyone else involved in creating, producing, or delivering the web site or information herein shall be liable for any direct, indirect, incidental, special, or consequential
damages arising out of use of the web site or inability to use the web site. FCM will not in any way be responsible for any selection or retention of, or the acts or omissions of, the user in
connection with this web site.
RISK WARNING
THE RISK OF LOSS IN TRADING FOREX CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF
YOUR FINANCIAL CONDITION. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS IN FOREX TRADING.
TRADEMARKS AND COPYRIGHTS
Except as otherwise noted, the content of this website, including, but not limited to text, graphics and icons, are copyrighted materials of FCM Copyright ©2004, by FCM or its affiliates. All
Rights Reserved, and may not be used or reproduced without prior written consent of FCM. Trademarks, logos and service marks on this site are owned by FCM, used by FCM under licenses
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