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ClRRlNCY 1ROlNC
from Global Forex Trading
FX
nolpod to propol GFT into a worldloador o onlino orox trading by tno ond o 2001.
Bundlod into ono sotwaro applioation, tno "FX" sotwaro transmits rosouroos, suon as roaltimo tradablo ourronoy
prioos, roaltimo prioo onarting, toonnioal indioators and uptotnominuto world and inanoial nows. n 2003, GFT introduood
a sooond gonoration o its industry rospootod sotwaro, DoalBook
FX 2 in addition to DoalBook
FX Mobilo, a ulloaturod
orox trading applioation or pookot po usorsurtnor ovolving aoooss to tno orox markot.
Forox tradors wno uso GFT's sotwaro gain aoooss to tno samo typos o rosouroos omployod by top tradors tnrougn-
out tno world. Sovon yoars ator its ounding, GFT symbolizos ono tno most rospootod orox trading irms in tno oroign
oxonango industry witn olionts and global partnors in 100 oountrios worldwido. But, orodibility and intogrity oontinuo to bo tno
basis o all GFT's rolationsnips, omployoos and partnors.
Tno oompany roquiros tnat its partnors (roorring partios) pass tnrougn stringont baokground onooks, somotning tnat
is not roquirod but is dono by GFT to onsuro tno intogrity o its partnors. n addition, all o GFT's salos toam and doalors aro
lioonsod orox spooialists tnrougn tno Commodity Futuros Trading Commission, tno govornmont agonoy tnat rogulatos uturos
and options markots in tno U.S.
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11 1!7 T!!R
www.qT1T1eX.r
616.956.9273 intornational
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CONTACT :
lricl lilcr, cl lcrcx
omo orm o ourronoy nas boon around sinoo tno timo o tno pnaraons, but tno oroign oxonango markot (orox), as
wo know it today, originatod in 1973. Sovoral ma|or onangos prior to tnis timo gavo way to tno modorn day orox onvironmont.
Tno Groat Doprossion along witn tno romoval o tno gold standard providod tno irst ma|or transormations or orox.
Ator tno U.S. dollar dooroasod in valuo, most o tno world's ourronoios woro oomparod to tno stablo Britisn pound, until ator
WW wnon tno Britisn ooonomy was in ruins.
Anotnor koy transormation or orox ooourrod wnon tno Brotton Woods Aooord was ormod by tno U.S., Groat Britain
and Franoo. Tnoso oountrios mot at tno Unitod Nations Monotary and Finanoial Conoronoo in Brotton Woods, N.H., to dosign
a moro stablo, global inanoial systom. Tno agroomont ormulatod tno idoa o "pogging" ourronoios and oroatod tno ntorna-
tional Monotary Fund to nolp stabilizo tno global ooonomy.
For tno irst timo in nistory, ma|or ourronoios woro poggod against tno U.S. dollar and allowod to luotuato rom a sot
standard. For oxamplo, wnon an oxonango rato approaonod tno limit on oitnor sido o tno standard, tno rospootivo oountrios
oontral bank would intorvono to bring tno oxonango rato baok into an aoooptod rango.
Tno Brotton Woods Aooord ultimatoly ailod along witn subsoquont agroomonts to stabilizo global ourronoios, but did
ostablisn strongtn or Europo and Japan. n 1973, tno ourront rooloating systom bogan, but wasn't oioially mandatod until
1978. Tno rooloating struoturo was tno boginning o tno ourront oroign oxonango markot.
Prosontly, orox is inluonood by tno G7, an intornational organization ostablisnod in 1985 to aoilitato ooonomio
oooporation among tno world's largost industrial nations. Mombors o tno G7 disouss and ooordinato aotions on ooonomio and
oommoroial mattors tnat somotimos rosult in tno movomont o orox markots.
Foroign oxonango oxists so pooplo, oompanios and govornmont ontitios oan pay or goods and sorvioos. t is also
usod by importors and oxportors, intornational portolio managors, multinational oorporations, spooulators, daytradors, long
torm noldors and nodgo unds.
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11 1!7 T!!R
www.qT1T1eX.r
616.956.9273 intornational
800.465.4373 nortn amorioa
616.974.3682 ax
CONTACT :
1cHn,' lcrcx
orox is tno largost markot in tno world, witn an avorago o $1.5 trillion U.S. dollars tradod daily, tnat's drivon by tno
supply and domand o ourronoios. Tno volumo o orox oausos signiioant liquidity, wnion moans it's loss inluonood by largo
buy and soll ordors tnat oan oauso unwarrantod prioo manipulation. Tnis moans a porson or a oompany oan't ontor tno markot
to inluonoo it basod striotly o roputation or tno volumo o a transaotion.
n tno past, tno only way to gain aoooss to tno orox markot was tnrougn banks tnat movod largo amounts o ourron-
oios or oommoroial and invostmont purposos (known as tno intorbank markot) making it unavailablo to all but tno woaltniost
individuals. n addition to tno buying and solling o oroign ourronoios, intorbank markot banks oompoto witn oaon otnor or
oorporato oustomors, most o wnion, sook to oapitalizo on tno bost oxonango ratos possiblo (nodging).
Ono o tno largost inluonoors o tno intorbank markot aro tno world's oontral banks. Contral banks aro tno prinoiplo
govornmontrun banks o tno ma|or oountrios o tno world, suon as tno Unitod Statos' Fodoral Posorvo Bank or Japan's Bank
o Japan. Tnoso oontral banks oton intorvono in tno orox markot to oarry out tnoir oountrios' monotary polioy. At timos, oontral
bank aotivity oan bo oxtromoly disruptivo to ourronoy markots as govornmonts manouvor to onango tno lovol o tnoir ourronoy
ratos. Tnoso intorvontions oan oton oroato groat opportunity as woll as risk or spooulators.
Tnird-party brokorago irms oallod primary markotmakors provido anotnor oomponont o tno orox markot. Tnoso
irms romain on tno outor porimotor o tno intorbank markot buying and solling ourronoios rom multiplo banks making tnom vory
appoaling to individual spooulators booauso o tno prioos tnoy quoto. ntorbank prioos somotimos navo largo prioo gaps, but
markotmakors assumo tnis risk to givo oonsistont, oompotitivo prioing to individuals at a rotail lovol.
Primary markotmakors oor prioos basod on intorbank prioos to mako ourronoy trading availablo to individuals to
trado. Tnoso aro basod upon tno oxonango ratos as tnoy aro quotod by banks to oaon otnor. Furtnormoro, primary markot-
makors provido a twosidod markot and add ovorall liquidity to tno orox markot.
Booauso orox trading is not oontralizod on an oxonango as witn tno stook and uturos markots, it's oonsidorod an
ovortnooountor (OTC) markot. Most orox transaotions aro oonduotod botwoon two partios via a tolopnono or tno ntornot.
Liko otnor inanoial instrumonts, orox irms mako a small proit rom tno dioronoos botwoon tno buy and soll prioos, tnus
ooring oommissionroo trading.
Most orox trading irms mako tnirdparty sotwaro availablo to tradors wnilo otnors dovolop tnoir own propriotary
trading sotwaro. Poaltimo ourronoy prioos and data aro od into tno sotwaro via a doaling dosk so tradors oan mako dooisions
or prodiotions in an oort to mako a proit. Somo o tno most advanood orox trading sotwaro today inoludos roaltimo onarting,
toonnioal indioators and up-to-tno-minuto nows. Tnoso rosouroos usod to bo only availablo to proossional tradors in tno
intorbank markot.
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11 1!7 T!!R
www.qT1T1eX.r
616.956.9273 intornational
800.465.4373 nortn amorioa
616.974.3682 ax
CONTACT :
1rnHir_ lcrcx
orox trading is tno simultanoous buying o ono ourronoy and solling o anotnor and is tradod in pairs
(o.g., Euro/U.S. Dollar or U.S. Dollar/Japanoso Yon). For spooulators, tno bost trading prospoots aro witn tno most
oommonly tradod ourronoios oallod "tno ma|ors." Moro tnan 85 poroont o all daily transaotions involvo trading tno
ma|ors, inoluding tno U.S. Dollar, Japanoso Yon, Euro, Britisn Pound, Swiss Frano, Canadian Dollar and Australian
Dollar.
Liko most otnor inanoial instrumonts, orox is quotod on a "bid" and "ask" prioo systom. For instanoo,
tno bid is tno prioo at wnion a doalor is willing to buy (and olionts oan soll) tno baso ourronoy or a oountor
ourronoy. Tno ask prioo, on tno otnor nand, is tno prioo at wnion doalors will soll (and olionts oan buy) tno baso
ourronoy or tno oountor ourronoy.
USD / JPY USD / JPY USD / JPY
baso ourronoy oountor ourronoy buy soll bid ask
Tno orox markot litorally ollows tno sun around tno globo, boginning in Sydnoy and moving as tno
businoss day bogins in oaon inanoial oontor. For oxamplo, wnon tno Paoiio Pim markots suon as Japan and
Singaporo bogin to slow, tno Europoan markots opon.
Tnoso markots aro tnon ollowod by tno Nortn Amorioan markots o tno Unitod Statos, Canada and
Moxioo. As tnoso slow down or tno ovoning, tno trading oyolo in Australia bogins again. Unliko any o tno otnor
inanoial markots, spooulators oan rospond to ourronoy luotuations oausod by ooonomio, sooial and politioal
ovonts at tno timo tnoy ooour, day or nignt.
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11 1!7 T!!R
www.qT1T1eX.r
616.956.9273 intornational
800.465.4373 nortn amorioa
616.974.3682 ax
CONTACT :
lilcr, cl Clclnl lcrcx 1rnHir_
lobal Forox Trading (GFT), Division o Global Futuros & Forox, Ltd., was oundod in 1997 by Gary L. Tilkin. GFT was
oroatod to addross tno inoroasing numbor o ourronoy trading domands Tilkin's olionts nad in tno uturos and spot orox
markots. Tilkin also ormod GFT to bring intogrity in produots and improvod oustomor sorvioo to orox olionts, an omorging
markot or individual spooulation. Global Futuros & Forox, Ltd. romains tno paront oompany o GFT, witn its businoss oousod
on providing olionts aoooss to uturos oontraots.
GFT's ounding prinoipals woro aimod at oroating tno bost toonnologioal inrastruoturo and orox trading sotwaro
wnilo dolivoring tno bost possiblo oliont sorvioos. ts managomont toam idontiiod tno union botwoon orox and tno ntornot
would oroato a niono markot goarod or individual orox spooulators. Tno oombination rosultod in a now gonoration o brokorago
irms oompoting or oustomors wno domandod spood, aoouraoy and aooountability to pursuo orox prioing and trading.
Wnilo many otnor orox irms oousod on dovoloping a orox markot and nign-oost training programs, GFT oonoon-
tratod on building and porooting orox sotwaro, toonnology and tools. Tradors noodod ast, aoourato dolivory o ourronoy
prioos in ordor to mako inormod trading dooisions on astmoving orox markots, but most sotwaro nad ailod to koop up.
GFT's turning point napponod snortly ator building its own propriotary orox trading platorm ollowod by disoontinuing its uso
o tnirdparty sotwaro tnat did not moot its porormanoo noods.
At tno samo timo it lovoragod rolationsnips witn oxporionood orox proossionals, GFT omployod a toam o oxports in
sotwaro dovolopmont to oroato a orox trading platorm liko no otnor. GFT's propriotary trading sotwaro platorm or orox
tradors, oallod DoalBook
FX, was validatod by orox usors around tno world in 2000. Winning sovoral industry awards,
DoalBook
FX nolpod to build GFT into a world-loador in onlino orox trading by tno ond o 2001.
GFT's trading platorm is uniquo booauso it's poworod using many o tno samo tools onoo only availablo to intorbank
proossionals. Bundlod into ono program, tno platorm dolivors rosouroos suon as roaltimo ourronoy prioos, roaltimo prioo
onarting, toonnioal indioators and up-to-tno-minuto world and inanoial nows. n 2003, GFT introduood a sooond gonoration o
its sotwaro, DoalBook
11 1!7 T!!R
www.qT1T1eX.r
616.956.9273 intornational
800.465.4373 nortn amorioa
616.974.3682 ax
CONTACT :