Saturday, March 21, 2009

Why work at

Stellar growth, reputation and recognition, with a global footprint in an exciting industry

Since was founded in 1999, the firm has experienced tremendous growth, helping pace the emerging online foreign exchange (forex) industry:'s international customer base represents traders from over 140 countries. The firm's average monthly trade volume exceeds $200 billion with its customers and trading partners.*

The company grew over 70% for the fiscal year ending December 31, 2007, marking the sixth consecutive year that the company has reported top line growth in excess of 65%. is a division of privately-held GAIN Capital. GAIN Capital has a very strong balance sheet with over $225 million in assets and membership equity.

GAIN's investor group includes several prestigious venture capital firms that collectively manage over $28 billion in assets. GAIN's investor group includes 3i, VantagePoint Venture Partners, Tudor Ventures, Cross Atlantic Capital Partners, Edison Venture Fund, and Blue Rock Capital.

Industry-recognition: For last three consecutive years (2007, 2006 and 2005), GAIN Capital was named to the prestigious Inc. 500 list as one of the fastest-growing private companies in the United States. GAIN Capital was also ranked #41 in the Financial Services sector on the Inc. 5000 list in 2007.

The firm was ranked as the #1 Fastest Growing Company in New Jersey on the 2005 Deloitte Technology Fast 50 list, and has been on the Technology Fast 50 list for the past four consecutive years (2007-2004).

GAIN was also voted 2003 "Growth Company of the Year" by the New Jersey Technology Council and "Start Up Company of the Year" in 2002 by the Eastern Technology Council.

Our proprietary trading platform continues to receive industry accolades and awards. In recent years, GAIN Capital Group was the first non-bank institution to be named #1 Currency Forecaster by FX Week magazine. In addition,'s ForexTrader platform was selected as the 2008 Best Retail Platform by the readers of Profit & Loss magazine. was also a 2008 Finalist for Best Forex Brokerage, as chosen by the readers of Technical Analysis of Stocks and Commodities, and was also a 2006 finalist for the Best Retail Platform for FXWeek's e-FX Awards, who stated that "...GAIN has done [the] most to deliver the best, most rounded offering to consumers".
Excellent compensation and benefits with attention to work-life balance

Beyond helping our employees grow personally and professionally, we believe in pay for performance, and provide our employees with many opportunities to succeed financially. In addition to competitive compensation packages, 401(k) plan and full benefits with modest or no employee contributions, we also offer an employee Restricted Stock Unit Plan that allows all employees to share in the success of the firm.

A talented and diverse workforce who work hard, play hard and have fun's office culture is best described as casual and collaborative, yet dynamic and professional. The firm is growing rapidly, especially in the areas of client services and sales, and a significant percentage of our employees are under the age of 30.'s CEO and executive team are highly respected Wall Street veterans who not only share their experiences and market expertise, but also take the time to coach and mentor our developing talent. And, we encourage open door and two-way communications. All employees are empowered to offer observations and suggestions on how the company can not only perform better as a team, but also how we can provide an even higher level of customer service.

We also take the time to chill out and have a good time! The firm organizes frequent social events such as quarterly theme outings, Friday bagel breakfasts, an off-site holiday gathering and more. And, free dinner is served every evening for sales, trading desks, client services and support teams.

Commitment to being good corporate citizens

GAIN Capital and are making a concerted effort to foster an environmentally and socially responsible work environment. From our "Green Committee" of employees who help identify ways to help us help the environment, to our annual participation in "Take Our Sons & Daughters to Work Day," we never overlook that our own greatest natural resource is our employees themselves.

A fast-paced entrepreneurial culture focused on customer service

At, providing the highest level of customer service is our credo, and it's why and how we continue to build our business. We are committed to providing our clients with the best online trading experience, backed by the best technology and outstanding customer service. As a modest but growing company, every position at is critical to our operations, and employees at all levels participate in directly servicing our clients. We work hard every day to exceed our customers' expectations. And, in this age of Internet hyperconnectivity, company reputations are constantly being put to the test -- as they should be. So we strive for responsive, open and honest customer service with our clients. It's Job #1.

Unlimited growth potential with attention to your career development
Diverse "hands-on" job experience
Opportunity to rotate to new positions and departments based on skill set and achievements
Chance to contribute personal impact on the business
Direct interaction with clients and senior management
Unlimited advancement potential
From Day One, employees gain a wide range of experience within the firm, and our flexible approach to development enables our employees to explore a variety of career paths. This attention to professional development is especially attractive for newer entrants to the workforce who may still be discovering their own talents and interests.

New employees are enrolled in an intensive two-week training program, which introduces them to the world of foreign exchange, online trading, and brokerage operations. And, as part of our commitment to our employees, we provide the resources needed to develop your analytical, relationship-building, management and leadership skills. Our employees are exposed to the challenges and responsibilities of a rapidly-growing firm, and your on-the-job experiences at can help you gain valuable insights on what it takes to build a growing organization through its crucial, defining moments.

Careers at - Come Work With A Leader In The Exciting Global Foreign Exchange Industry!

For nearly ten years, has helped define the global online foreign exchange industry. As a market leader, continues to attract highly motivated people who seek career opportunities with unlimited potential to grow along with their firm. is one of the world's largest and most respected online forex trading firms. From being the first firm to introduce innovative online trading practices -- such as instantaneous execution from streaming quotes -- to our commitment to fair and honest dealing practices and our cutting-edge proprietary trading technology, remains at the forefront of the exciting and vibrant global foreign exchange industry.

We continually recruit talented individuals across all skill sets and experience levels for roles in our Bedminster, New Jersey headquarters (conveniently located 30 minutes due west of New York City at the junction of I-287 and I-78), as well as for our Wall Street sales and customer service office in Lower Manhattan.

Posted to the right is a list of current career opportunities. Only those candidates with relevant experience for each job description will be considered. Also, if you have any experience in the foreign exchange industry but do not see a relevant job opening, we would encourage you to submit your resume for future consideration.

GAIN Capital Group, LLC, and are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826)., a division of GAIN Capital Group, is an equal opportunity employer.

Awards and Accolades is a division of GAIN Capital Group, LLC, a leading provider of foreign exchange services, including direct-access trading and asset management.

Founded in 1999 by Wall Street veterans, GAIN Capital Group, LLC. is now one of the largest, most respected firms in the industry, servicing clients from more than 140 countries around the globe, including fund managers, Commodity Trading Advisors (CTAs), and individual traders.

GAIN Capital Group, LLC is a registered Futures Commission Merchant (NFA ID #0339826), regulated by the Commodity Futures Trading Commission (CFTC). As an FCM, GAIN Capital Group must uphold the highest standards and business practices and is subject to strict financial requirements and reporting. Interested parties can visit the NFA web site at any time to review GAIN Capital Group's record.

Refer a friend to and earn cash... instantly appreciates your continued loyalty and business. Our Refer a Friend Program is our way of saying thank you for telling your family and friends about all of the benefits of

Refer a Friend and You Both Benefit

It's simple, every time you refer a friend who opens and funds a trading account with a minimum $1,000, you'll both have the opportunity to earn up to $250.

Initial Deposit Your Cash Bonus Friend's Cash Bonus
Over $5,000 $250 $250
$2,500 - $4,999 $100 $100
$1,000 - $2,499 $50 $50

You can earn cash with every referral, and there's no limit to how many friends you can refer! Read program rules.


Write your own strategies or buy proprietary ones. It's up to you.

Advanz lets you import trading scripts in TradeStation's EasyLanguage® or purchase market-proven strategies, developed by Advanz's seasoned research team.

For every goal, there's a strategy.

Use Advanz to diversify your strategies across multiple accounts, and switch approaches for each investment goal as you see fit. You can adjust your positions, easily integrate strategies, or manually intervene anytime.

Reasonably priced.

Advanz lets you take the hassle and imprecision out of active trading, without the high minimums and fees of a private money manager. users pay a $300 setup fee, then $3 per roundtrip trade. Execute 50 lots or more in a month, and you'll be rebated your roundtrip fees.

Strategy Runner

Write trading scripts or buy market-tested ones.

Strategy Runner lets you write trading scripts yourself in many languages, from TradeStation's EasyLanguage® or eSignal's Formula Script to more niche scripting tools and proprietary software packages. Or purchase proven strategies from money managers and other leading research groups. Strategy Runner's flexible approach even lets you mix-and-match strategies across multiple accounts.

Tightly integrated, flexible charting.

With Strategy Runner's charting you can enter, modify, or delete orders and see your current positions - straight from the chart itself. Overlay your favorite technical indicators, or create your own indicators - then adjust their parameters to suit you exactly.

Server-based execution for peace of mind.

Strategy Runner hosts and executes your strategies for you - so “hiccups” in your Internet access will never interrupt your trading. Plus, adjust or manually override your strategies any time.

Free to all client and practice account holders.

Ninja Trader

Automate your trades with Ninja Trader for

Write trading scripts yourself using many languages, from TradeStation's EasyLanguage® and eSignal's Formula Script to more niche scripting tools and proprietary software packages. Diversify your strategies across multiple accounts, and switch approaches for each investment goal - it's up to you.

Advance your charting with Ninja Trader.

Ninja Trader integrates your positions and existing orders in the chart itself, so you always know where you stand. Overlay your favorite technical indicators, create your own indicators, or purchase 3rd party indicators - even tweak their parameters to suit you exactly. Control your positions from Ninja Trader's advanced order and position management capabilities.

Ninja Trader's exclusive tick-by-tick replay lets you relive a historical trade as the chart draws itself - an excellent way to backtest your moves in detail and learn.


Auto Execution is ideal for clients that want to:

Automate strategies from scripting languages such as TradeStation's EasyLanguage® or eSignal's Formula Script
Integrate strategies from charting packages and custom applications
Take advantage of trading systems developed by premier research companies
Our partners provide solutions for clients from the individual investor to CTAs and Fund Managers. With our partners you can:

Seamlessly integrate your systems on one or more of your accounts
Automatically execute signals based on your predefined strategies
Easily manage your strategies from advanced software applications
Manually intervene if necessary
Diversify your strategy portfolio by trading systems

Auto Execution Partners

Looking to automate your trades according to a pre-set strategy? Many traders use auto-execution tools as a way to trade the markets actively - without spending all their time at the computer.

Auto execution tools can trade a pre set strategy for you, just as a sharp money manager would - without prohibitively high account minimums or fees. Whether you're looking for battle-tested trading strategies from leading research companies, or eager to write and test your own trading scripts, makes it easy to trade intelligently - automatically.

Weekly Research

The Week Ahead

Published every Friday at 1500 ET, this report summarizes key market developments – both fundamental and technical - and analyzes the likely impact on the upcoming trading week. It's a quick, compact way to keep a handle on the overall currency market.
View sample report.

The Weekly Strategy

If you're a swing trader, check out the Weekly Strategy every Friday at 1500 ET for trading opportunities to consider in the upcoming week. We set up the trade, explain the logic behind it, and then report back on how it worked in the actual market. Get your trading tips from a team with real skin-in-the-game - and benefit from our experience.
View sample report.

Economic Calendar

Your shorthand guide to key economic releases for the week ahead. Review how currency markets reacted previously to these events and what they're forecasted to act next.
View sample report.

Daily Research

Strategy of the Day

Published twice a day before the Asian and New York markets open, Strategy of the Day gives you a fresh, ready-to-use trading idea for the upcoming trading session. Senior Technical Strategist Todd Gordon explains step by step how to set up the trade and why he thinks it's a smart move, reporting back on the results and lessons learned.
View sample report.

Daily Technical Analysis Report

For avid chartists. Published every morning at 0800 ET, this report x-rays 12 key currency pairs for short, medium, and long term momentums as well as key support/resistance levels. Keep your eye on these "tripwires" for market action - so you can trade with the trend, as soon as it starts.
View sample report.

Pivot Points

Updated at the close of each business day, we provide three levels of support and resistance for 37 currency pairs. When used in conjunction with other technical indicators, and research, pivot points can provide technical traders additional confirmation for anticipated support and resistance levels.

Trading Central's Daily Technical Levels

Get the latest technical levels for six major currency pairs delivered right to your inbox twice each day, at the beginning and end of the NY trading session. Each report provides support, resistance, momentum and trend analysis, along with anticipated price action and trading strategies for the upcoming session, all in an easy to read newsletter format. Trading Central is a leading investment research provider to financial market professionals. Their technical strategies cover forex, commodities, equity, index, and fixed-income markets. Trading Central research is available free of charge to FOREXPremier and FOREXPro clients.

FOREX Insider

Forex Insider provides you with actionable analysis of news, events and technical levels that impact currency prices - as it happens. Updates are published directly by the senior traders and members of our experienced research team, up to 20 times an hour. Take advantage of their proximity to institutional buy and sell side action, as they trade with some of the world's largest financial institutions.

Keep in mind that the market impact of news and other events detailed in Forex Insider may already be factored into the currency price before this information reaches the public. Forex Insider is available directly within the platform, allowing you to act quickly on the information. To access Forex Insider, click the "Commentary" tab.
View examples of Forex Insider postings. Market Updates

Actionable research published three times daily, after the close of each major trading session in Tokyo, London, and New York. Each update summarizes the key takeaways from each trading session. Find out how each major market may impact upcoming price action, and learn about important technical levels and events to watch.
View example of Market Updates.

Forex Research

Our award-winning research team brings you insights and tips, direct from our seasoned traders. Divided into weekly, daily and intraday research, we cover both fundamental and technical indicators.

Our Intraday commentary includes FOREX Insider and the widely read Market Updates. Follow the market with our traders as they decode the market's movements, point out emerging chart patterns and analyze key data releases' impact on the currency markets, as they happen.

Forex Charting

Knowing how to read chart patterns for buy and sell signals is critical. Spotting a new trend through technical analysis can make or break your chances for success.

That's why we've partnered with Forex industry leaders to bring you the charting package that suits your trading style and experience level. However you trade, our tools help you decode chart patterns and act on what they're telling you.

MetaTrader 4 at is pleased to offer you access to the MetaTrader 4 trading platform.

Benefit from's quality trade executions, tight spreads, personalized customer service and the flexibility of the MetaTrader 4 trading platform.

MetaTrader 4 at offers:

Tight dealing spreads - as low as 1-2 pips
A robust technical analysis package with the ability to create custom indicators
Support for hedging activities
The ability to program and automate specific trading strategies using a built-in language, MetaQuotes Language 4
Visually track your positions and trade directly from the charts
Trade with a well-capitalized, respected industry leader

Forex Trade Wireless clients and registered demo user can access the FX market and account information from any Internet-enabled mobile device.

Login to your Live or Demo account
Place Buy and Sell market orders
Leave Stop, Limit and One Cancels Other (OCO) orders
Monitor open positions and pending orders
Scan up to the minute news headlines
Read streaming FX market commentary from GAIN's senior traders
Set rate alerts

FOREXTrader.wireless is compatible with over 80 Internet-enabled devices, including mobile phones, PDAs, RIM and other wireless handhelds.

There are no extra fees to access the site, and no special sign up. All you need is an Internet-enabled wireless device. It's easy!

Clients and registered demo users: Use your existing login and password to access FOREXTrader.wireless.

Getting Started

1. Register For the API Forum
Here you may view API documentation, exchange ideas, share comments and post information with other API users.
2. Request an API Demo Account From the API Forum
3. Complete the Account Application Process
No deposit is required; however, we ask you to provide us with your projected initial deposit.
4. Develop Your API
You can begin to program against the API and test your code using real-time data in a demo environment.
5. Fund your live trading account and begin using the API in the production environment

Forex API / Automated Trading

For traders interested in utilizing an automated trading system or developing their own black box strategy, supports fully automated trade execution via a proprietary API.

The API provides users with the ability to receive a real-time rate feed, submit trade requests, set and modify stop-loss and take-profit orders, and receive automated confirmations of trade activity.

For qualified users, we provide a testing environment that enables developers to "paper trade" and test their systems in real time before using the API in a production environment with actual funds.’s API is a true standards-based XML interface that can be programmed in any network accessible language, from Perl-script to C++, Excel Macro to VB.NET managed code. The API is comprised of two separate technologies:

1. Rate Data Interface

Rate data represents the tradable prices published to the client. For this role we use a direct TCP/IP socket interface to the price publication system. To assist with programming in Visual Studio.NET and JAVA, we provide native components that handle the connection and link management. Each component creates events through delegates or call backs as appropriate.

2. Trading Functions

The trading functions are initiated by the client in the form of a request. This logic is implemented using Web Services; an XML based SOAP interface that uses HTTP as its transport. Web Services have become the de-facto B2B protocol of choice through their ease of use and cross-platform portability.

For those clients looking to automate their strategy signals generated from scripting languages such as eSignal's Formula Script or TradeStation's EasyLanguage®, please click here.

The API is available free-of-charge to live trading clients. We allow interested parties to register and access our API User Forum. Qualified developers have the ability to test the API with no up front monetary investment.


Trade on spreads as low as 1-2 pips, with fractional pips for more precise quoting.

Real-time prices are quoted in more precise 0.1 pip increments, displayed in a slightly raised font in the dealing box.

At, you pay no commissions to trade. Your only transaction cost is the dealing spread - the difference between the bid and the ask price.

Trade on spreads as low as 1-2 pips for most major currency pairs, backed by our commitment to deliver the best possible execution on every trade.

Tighter spreads save you money

Dealing Spreads

Pair As low as Pair As low as
EUR/NOK 21.5 USD/DKK 7.5

Access even tighter spreads with FOREXPro
Join our active trader program to access our tightest available spreads, plus premium forex trading tools and specialized service. Learn more about FOREXPro.

Market driven pricing, with fractional pips for more precise quoting
With fractional pip pricing, our real-time executable prices are quoted in more precise 0.1 pip increments. This extra digit of precision allows you to take advantage of smaller price movements.'s pricing is market driven; our proprietary rate engine aggregates prices from our institutional trading partners and publishes real-time quotes to our customers. Because these quotes are derived directly from interbank prices, our dealing spreads reflect available forex market liquidity.

Sign up for a free 30-day practice account to familiarize yourself with our pricing and execution capabilities as well as all the features of the trading platform, including real-time charts, tools and research.

Wireless trading and account access

As a client or registered practice account user, you can access the currency markets via virtually any Internet-enabled wireless device. Keep on top of the market from anywhere – you can view real-time forex quotes, news and commentary, and charts and set rate alerts. You can also monitor your open positions, leave orders, even buy and sell at the market.

There are no extra fees, and no special sign up. All you need is an Internet-enabled wireless device.

Learn more about FOREXTrader.wireless.

Trader education, mentoring services, and more delivers hands-on forex training through a variety of educational programs and events. For traders just getting started in the Forex market, we offer one-on-one platform walkthroughs, online training courses, as well as live, introductory web-based seminars ("webinars").

Exclusive client-only events cover more in-depth trading techniques and strategies and include an interactive Q&A with our senior analysts and currency strategists.

As a client, you can also take advantage of our professional mentoring services. During your one-on-one consultations with a senior forex specialist, you can discuss the latest market research report, ask for a second opinion about your trading plan, or just bounce ideas around.

Contact us to learn more about our mentoring services.

Support for automated (API) trade executions

For clients utilizing an algorithmic trading system or their own black box strategy, FOREXTrader supports fully automated trade execution via a standard FIX protocol or web-services API.

The API provides users with the ability to receive a real-time rate feed, submit trade requests, set and modify stop-loss and take-profit orders, and receive automated confirmations of trade activity. Developers can request access to a testing environment in order to test their systems in real time before using the API in a production environment.

Find out more about API trading.

Negative account balance protection

At, your risk is only limited to funds on deposit.

Our margin policy eliminates concerns about debit balances by guaranteeing that you will never owe more than you have in your account.

Guaranteed fills on stop loss and limit orders

During's trading hours, all stop and limit orders up to $2 million are guaranteed to be filled at your price.

We understand that stop loss and limit orders are an important part of every trader's risk management strategy, and so we take this policy very seriously. This policy does not apply during major fundamental announcements, or outside's normal trading hours.

Advanced tools & research

As a client, you'll have access to a variety of resources and unique trading tools that can help you make more informed trading decisions.

• Full suite of daily and weekly forex research. Whether you're interested in fundamental analysis or technical trading methods, you'll have access to a wide variety of institutional-grade Forex market analysis as a client. And, tune in to our Weekly Market Call for timely trading ideas and analysis from Brian Dolan, our Chief Currency Strategist.
• ForexInsider streaming market commentary: Our exclusive FOREXInsider delivers actionable analysis of news, events and technical levels that impact currency prices, in real-time, to your trading platform. Updates are published as often as 20 times an hour, so that you can act instantly on new market intelligence.
• FOREXCharts by eSignal: Access eSignal's professional level charting package with over 30 analytical tools and indicators, a complete selection of drawing tools, and choice of real-time data feed. Preview FOREXCharts by eSignal.

Award-winning forex trading platform

We pioneered our signature "one-click" dealing in 2000 and have been nominated as Best Forex Brokerage by the readers of Technical Analysis of Stocks and Commodities for the past two years.

Our proprietary trading platform, FOREXTrader, successfully combines ease-of-use with remarkable flexibility. FOREXTrader offers a highly intuitive user interface, advanced customization features, and a full suite of professional charting and order management tools.

Flexible account types and leverage

» Standard accounts, with a default lot size of 100K and leverage+ of 100:1 (1%), are well suited for active forex traders.

» Mini accounts feature smaller, 10k contract sizes and leverage+ of up to 200:1. For traders new to the forex market, a mini account is a great way to get started trading in a live environment.

Get Started Now. Open a trading account.

Fully automated click & deal trading, with instantaneous fills

At, we've always automated processing for all click & deal forex trades. When you click BUY or SELL, our systems perform a real time margin check and, if accepted, immediately respond with a trade confirmation.

Why is this important to you? First, you benefit from an unbiased trading environment that is not subject to human intervention. Second, automated trade processing improves our efficiency, which lowers our overhead and allows us to pass along the saving to you in the form of tighter spreads.

Trade on spreads as low as 1-2 pips, commission-free

Trade currencies and spot gold at Dealing spreads are as low as 1-2 pips on the most widely traded currency pairs. As always, you pay no commissions at, only the bid/offer spread. And with our fractional pips, you gain an extra digit of precision so that you can take advantage of smaller price movements.

Plus, you can enter orders at any price - even inside the spread - and trade around news events, major economic announcements and other times of high market volatility.

Self-Study Course

Learn key Forex concepts online, at your own pace. Seven web-based lessons cover the essentials of Forex trading:

· Understand currency quoting and the factors driving individual currency movements.
· Read and analyze currency charts using advanced technical tools.
· Recognize trends in the market – as they emerge.
· Balance risk against reward intelligently and pro-actively.
· Anticipate and react to major economic event impacting global currencies.
· Employ sound money management techniques to attempt to maximize gains and keep losses to a minimum.

Getting Started in Forex

Fast-track your forex skills - free of charge.
Before diving into the world's most traded market, invites you to attend a free 90 minute informational seminar, Getting Started in Forex.
Session Times
Sat 03/28/2009
Sugar Land, TXHilton Garden Inn Sugar Land
10:00 AM1:00 PM
Sat 04/04/2009
Toronto, ONToronto Airport Marriott
10:00 AM1:00 PM
Sun 04/05/2009
Toronto, ONDelta Toronto East
10:00 AM1:00 PM
Mon 04/06/2009
Chicago, ILHilton Chicago/Northbrook
1:00 PM6:00 PM
Sat 04/18/2009
Toronto, ONDoubletree Toronto Airport
10:00 AM1:00 PM
Sat 05/02/2009
Santa Clara, CAHilton Santa Clara
10:00 AM1:00 PM
Sun 05/03/2009
Sacramento, CAHyatt Regency Sacramento
10:00 AM1:00 PM
Mon 05/04/2009
San Francisco, CAHyatt Regency San Francisco
1:00 PM6:00 PM
Sat 05/16/2009
Burlingame, CAHyatt Regency SFO
10:00 AM1:00 PM
Mon 05/18/2009
Salt Lake City, UTSheraton City Centre Salt Lake City
1:00 PM6:00 PM
Led by our seasoned forex traders, these workshops bring you practical insider advice on trading the currency markets. You'll walk away from these sessions with an understanding of:
A primer for getting started in forex trading, a discussion built to introduce the concept of currency trading.
How to use FOREXTrader to test trading strategies through a personalized walkthrough.
Technical tactics to identify trading opportunities using ForexCharts by eSignal, an advanced charting tool.
Reading price charts for key trend formations - and translating them into trading opportunities.
Also, get a preview of Strategies in Forex Trading,'s advanced training workshop for current live clients. Drawing on real-world trading experiences, will help you get up to speed quickly and effectively. Reserve your seat today!

Upcoming Webinars

Each live session provides instruction, demonstration and discussion, followed up by a Q&A with the speaker. We encourage all attendees to interact with the speaker and ask questions that are important to you.
Weekly Market Call with Brian Dolan (45 mins) Join Brian Dolan,'s Chief Currency Strategist, as he prepares you for the upcoming trading week. Get a grasp on this week's economic data and learn how the markets may react.
Every Monday 9:00 AM ET
More Info
Getting Started in Forex (45 mins) Ready to get started in the Forex market? Join us for an introduction to currency trading and discover the opportunities that exist in the world's most traded financial market.
Tuesday and Thursday 1:00 & 9:00 PM ET
More Info
Introduction to Support and Resistance (45 mins) Learn how to identify levels of support and resistance across a multitude of chart timeframes and see how you can use this information to develop an entry and exit strategy for trading currencies.
Every Wednesday4:30PM ET
More Info
Identifying Trading Opportunities: Live Market Analysis (60 mins) Join one of's Market Strategists for an in-depth look at current market conditions and learn how to develop a trading strategy that incorporates both current technical and fundamental data.
Every Thursday 4:30 PM ET
More Info
Introduction to the FOREXTrader Trading Platform (30 mins) Learn how to place orders, manage positions, and access research with anin-depth overview of the FOREXTrader trading platform.

Calculating Profit and Loss

For ease of use, most online trading platforms automatically calculate the P&L of a traders' open positions. However, it is useful to understand how this calculation is formulated:
To illustrate an FX trade, consider the following two examples.
Let's say that the current bid/ask for EUR/USD is 1.46160/190, meaning you can buy 1 euro for 1.46190 or sell 1 euro for 1.46160. Suppose you decide that the Euro is undervalued against the US dollar. To execute this strategy, you would buy Euros (simultaneously selling dollars), and then wait for the exchange rate to rise. So you make the trade: to buy 100,000 Euros you pay 146,190 dollars (100,000 x 1.46190). Remember, at 1% margin, your initial margin deposit would be approximately $1,461 for this trade. As you expected, Euro strengthens to 1.46230/260. Now, to realize your profits, you sell 100,000 Euros at the current rate of 1.46230, and receive $146,230 You bought 100k Euros at 1.46190, paying $146,190. Then you sold 100k Euros at 1.46230, receiving $146,230. That's a difference of 4 pips, or in dollar terms ($146,190 - 146,230 = $40). Total profit = US $40. Now in the example, let's say that we once again buy EUR/USD when trading at 1.46160/190. You buy 100,000 Euros you pay 146,190 dollars (100,000 x 1.46190). However, Euro weakens to 1.46110/140. Now, to minimize your loses to sell 100,000 Euros at 1.46110 and receive $146,110. You bought 100k Euros at 1.46190, paying $146,190. You sold 100k Euros at 1.46110, receiving $146,110. That's a difference of 8 pips, or in dollar terms ($146,190 - $146,110 = $80). Total loss = US $80.

Understanding Forex Quotes

Reading a foreign exchange quote is simple if you remember two things:
The first currency listed is the base currency
The value of the base currency is always 1. As the centerpiece of the forex market, the US dollar is usually considered the base currency for quotes. When the base currency is USD, think of the quote as telling you what a US dollar is worth in that other currency. When USD is the base currency and the quote goes up, that means USD has strengthened in value and the other currency has weakened. Rising quotes mean a US dollar can now buy more of the other currency than before. Majors not based on the US dollar The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). For these pairs, where USD is not the base currency, a rising quote means the US dollar is weakening and buys less of the other currency than before. In other words, if a currency quote goes higher, the base currency is getting stronger. A lower quote means the base currency is weakening. Cross currencies Currency pairs that don't involve USD at all are called cross currencies, but the premise is the same. Bids, asks and the spread Just like other markets, forex quotes consist of two sides, the bid and the ask: The BID is the price at which you can SELL base currency.The ASK is the price at which you can BUY base currency. What's a pip? Forex prices are often so liquid, they're quoted in tiny increments called pips, or "percentage in point". A pip refers to the fourth decimal point out, or 1/100th of 1%. For Japanese yen, pips refer to the second decimal point. This is the only exception among the major currencies.

What's Forex?

"Forex" stands for foreign exchange; it's also known as FX. In a forex trade, you buy one currency while simultaneously selling another - that is, you're exchanging the sold currency for the one you're buying. The foreign exchange market is an over-the-counter market. Currencies trade in pairs, like the Euro-US Dollar (EUR/USD) or US Dollar / Japanese Yen (USD/JPY). Unlike stocks or futures, there's no centralized exchange for forex. All transactions happen via phone or electronic network. Who trades currencies, and why? Daily turnover in the world's currencies comes from two sources:
Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
Speculation for profit (95%). Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs. The world's most traded market, trading 24 hours a day With average daily turnover of US$3.2 trillion, forex is the most traded market in the world. A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York. Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night.
More Info "All About the Foreign Exchange Markets in the United States", from the Federal Reserve Bank of New York.

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Gain Capital Group is a division of GAIN Capital Group, a dedicated partner to professional FX traders and fund managers worldwide. Institutional services include IB programs, white label solutions, and asset management. Individual forex traders can take advantage of the market expertise and financial strength of GAIN Capital Group and access an institutional FX trading platform, FOREXTrader, along with our powerful real-time forex charts, professional forex market research, and suite of advanced forex trading tools. For traders new to the currency trading, offers forex training programs, forex minis, and information about trading the foreign currency market.