RAM is a form of computer data storage. Today it takes the form of integrated circuits that allows the stored data to be accessed in any order (i.e., at random). The word random thus refers to the fact that any piece of data can be returned in a constant time, regardless of its physical location and whether or not it is related to the previous piece of data.[1]
This contrasts with storage mechanisms such as tapes, magnetic discs and optical discs, which rely on the physical movement of the recording medium or a reading head. In these devices, the movement takes longer than the data transfer, and the retrieval time varies depending on the physical location of the next item.
The word RAM is mostly associated with volatile types of memory (such as DRAM memory modules), where the information is lost after the power is switched off. However, many other types of memory are RAM as well (i.e., Random Access Memory), including most types of ROM and a kind of flash memory called NOR-Flash.
Monday, March 9, 2009
Sunday, March 1, 2009
Forex Online Training Courses
FOREX.com's comprehensive online training courses allow
you the flexibility and convenience to learn at your own pace.
Self-study course
This online course is ideal for students who want a quick introduction to forex.
Seven web-based lessons will teach you.
Basic terms and concepts, like pips, major and minor currency pairs.
How to develop a personal trading plan using the tools and resources available.
Instructor-led course
Learn forex essentials plus trading strategies, and tips for intelligent risk management.
Study on your own online and benefit from access to a dedicated Forex instructor. You'll learn how:
To anticipate and react to major announcements and events.
To recognize trading patterns and detect trading opportunities more effectively using technical tools.
Core risk management concepts and strategies.
you the flexibility and convenience to learn at your own pace.
Self-study course
This online course is ideal for students who want a quick introduction to forex.
Seven web-based lessons will teach you.
Basic terms and concepts, like pips, major and minor currency pairs.
How to develop a personal trading plan using the tools and resources available.
Instructor-led course
Learn forex essentials plus trading strategies, and tips for intelligent risk management.
Study on your own online and benefit from access to a dedicated Forex instructor. You'll learn how:
To anticipate and react to major announcements and events.
To recognize trading patterns and detect trading opportunities more effectively using technical tools.
Core risk management concepts and strategies.
IBFX
About IBFX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX) is a leading provider of online forex trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade spot foreign currency online.
Unlike other retail FX brokers, IBFX has distinguished itself as an industry leader with its unique "no dealing desk" agency model, proprietary tools and services, and focus on customer care. This has led to longer term and more profitable relationships and has also manifested itself in the numerous awards and industry accolades that IBFX has compiled. The recognition includes Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500.
Interbank FX serves clients from more than 140 countries and supports trading volume in excess of US$70 billion per month. The company is regulated as a Forex Dealer Member by the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant.
3165 Millrock Drive
STE 200
Salt Lake City, UT 84121-4732
Driving Directions (printer friendly)
Toll Free:
US and Canada: 866.468.3739
Australia 1.800.884.912
Indonesia 001.803.017.9112
Malaysia 1.800.813.776
New Zealand 0800.445647
Singapore 800.101.2097
United Kingdom 0.808.120.1966
International: +1.801.930.6800
Fax: 212.884.0609
Account Funding
DEPOSIT FUNDS INTO YOUR TRADING ACCOUNT INSTANTLY* The fastest and easiest way to fund your account is with a credit card. To make a transfer with a credit card, login to My FXCLUB and click on "Deposit Funds" in the menu. Processing fee for credit card payments is from 2.24% to 2.59% depending on a credit card. If you make a deposit before the closing of a weekly trading session, the money will reach your account immediately, as long as your transaction clears. The end of a weekly trading session occurs at 21:00 GMT on Fridays, except for the holidays.
Login to MY FXCLUB
--------------------------------------------------------------------------------
ALTERNATIVE PAYMENT OPTIONS
We accept other popular payment types, but they are not instant.
PayPal
PayPal deposits are processed within 1-3 business days. Processing fees: 2.9%+ $0.30 (e.g., when sending $1,000, your fees would be up to $29.30).
Bank Wires
Funds sent via bank wire will be deposited to your trading account as soon as they reach our bank. Forex Club does not charge any fees and it is not responsible for any fees charged by processing banks, which usually range between $15 and $30 depending on commissions charged by correspondent banks.
Checks
US customers may fund their accounts using checks. Such deposits will not be processed until the funds clear our bank. Checks should be sent to:
Forex Club Financial Company
1200 South Ave. Suite 203
Staten Island, NY 10309
--------------------------------------------------------------------------------
Notes:
Processing time may be prolonged due to national holidays.
Forex Club does not process any Third Party transactions or payments from blocked countries, under any circumstances.
Forex Club will process withdrawals within one business day upon receipt of request.
Forex Club is not responsible for any delays in transactions caused by processing banks.
Login to MY FXCLUB
--------------------------------------------------------------------------------
ALTERNATIVE PAYMENT OPTIONS
We accept other popular payment types, but they are not instant.
PayPal
PayPal deposits are processed within 1-3 business days. Processing fees: 2.9%+ $0.30 (e.g., when sending $1,000, your fees would be up to $29.30).
Bank Wires
Funds sent via bank wire will be deposited to your trading account as soon as they reach our bank. Forex Club does not charge any fees and it is not responsible for any fees charged by processing banks, which usually range between $15 and $30 depending on commissions charged by correspondent banks.
Checks
US customers may fund their accounts using checks. Such deposits will not be processed until the funds clear our bank. Checks should be sent to:
Forex Club Financial Company
1200 South Ave. Suite 203
Staten Island, NY 10309
--------------------------------------------------------------------------------
Notes:
Processing time may be prolonged due to national holidays.
Forex Club does not process any Third Party transactions or payments from blocked countries, under any circumstances.
Forex Club will process withdrawals within one business day upon receipt of request.
Forex Club is not responsible for any delays in transactions caused by processing banks.
Webinars
FOREX.com's webinar series delivers hands-on training,
demonstrations & techniques specifically developed for
anyone actively trading the Forex market.
Register now for Getting Started in Forex.
Attend a Local Workshop
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.
Event Date
Weekly Market Call with Brian Dolan (45 mins)
Join Brian Dolan, FOREX.com'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 Wednesday
4:30PM ET More Info
Identifying Trading Opportunities: Live Market Analysis (60 mins)
Join one of FOREX.com'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 an
in-depth overview of the FOREXTrader trading platform. Every Friday
12:00 PM ET More Info
demonstrations & techniques specifically developed for
anyone actively trading the Forex market.
Register now for Getting Started in Forex.
Attend a Local Workshop
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.
Event Date
Weekly Market Call with Brian Dolan (45 mins)
Join Brian Dolan, FOREX.com'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 Wednesday
4:30PM ET More Info
Identifying Trading Opportunities: Live Market Analysis (60 mins)
Join one of FOREX.com'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 an
in-depth overview of the FOREXTrader trading platform. Every Friday
12:00 PM ET More Info
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
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
ClassicFX
ClassicFX
Powerful trading platform for serious traders.
ClassicFX is designed for experienced traders. It offers one of the best technical and analytical tools at hand, including live and historic quotes, advanced charting, market orders, alerts, and integrated market news. Learn more
Powerful trading platform for serious traders.
ClassicFX is designed for experienced traders. It offers one of the best technical and analytical tools at hand, including live and historic quotes, advanced charting, market orders, alerts, and integrated market news. Learn more
ExpressFX
ExpressFX
Our brand-new trading platform is a great way to start on Forex.
Its built-in wizard will show you how to make trades, to 'limit losses' and to 'take profits.' You will learn what Forex trading is all about in just few minutes.
With this unique platform we have simplified Forex trading in a way not seen before. We eliminated complex terms and concepts so you can forget about 'spreads,' 'swaps,' 're-quotes' and etc.
Experience the advantages of 'zero-spread' trading and commission refunds on non-profitable trades. Try ExpressFX today.
Supported languages: English, Chinese
Portuguese, Russian
--------------------------------------------------------------------------------
Our brand-new trading platform is a great way to start on Forex.
Its built-in wizard will show you how to make trades, to 'limit losses' and to 'take profits.' You will learn what Forex trading is all about in just few minutes.
With this unique platform we have simplified Forex trading in a way not seen before. We eliminated complex terms and concepts so you can forget about 'spreads,' 'swaps,' 're-quotes' and etc.
Experience the advantages of 'zero-spread' trading and commission refunds on non-profitable trades. Try ExpressFX today.
Supported languages: English, Chinese
Portuguese, Russian
--------------------------------------------------------------------------------
New to the Forex market?
New to the Forex market? Discover the full breadth of our offering
We've worked hard to distill our collective trading experience into an approach suitable for all skill levels.
Step 1: Understand the FOREX market.
Dive into Forex 101 for a compact overview of the basics or sit back and join us at one of our live interactive webinars.
Step 2: Prepare to trade in a live environment.
Register for one of our training courses and study at your own pace or join us at a local workshop, where our experienced instructors can teach you in a dynamic classroom setting.
Step 3: Test your skills risk free.
Sharpen your technical analysis techniques with a free 30 day practice account.
forex contest
“Participants” are IBFX Live Mini Account holders who register for the “IBFX Mini Challenge.” “Contest Period” refers to the time between the beginning time and closing time of the trading period that is tracked for the purposes of calculating Contest winners. “Round” is also used to refer to this time period.
The IBFX Mini Challenge ("Contest") is open to new and existing IBFX Mini Account clients. Only one entry per account holder or Participant is permitted. A Participant is only permitted one mini account to be registered in the contest at a time. This one trading account can only be entered in the contest one time for a contest Period. If the account is a joint account, then only one account holder can enter the account in the contest per Round. Participants must close a minimum of 10 (ten) trades per Round. Failure to close 10 (ten) trades during the contest period will result in disqualification. Qualifying Mini Accounts must be at least a full trading day old before they are eligible to be entered in any given month’s contest.
The contest will begin on the first weekday of each month, and will end on the 25th of each month or the last weekday before the 25th of each month if the 25th is not a weekday. Daily contest results are calculated using the eligible registered account's daily activity reports. Daily activity reports are generated at approximately 5:00pm eastern time USA. Participants must be enrolled in any given contest period before 2:00am EST on the 1st of the month.
There is NO entry fee required.
Each month, the top five performers, based on percentage gain, ("Winners") will be awarded the following cash prizes
("Prize"):
1st $3,000.00
2nd $1,500.00
3rd $750.00
4th $500.00
5th $250.00
In the event of a tie the available award will be equally divided between winners. Refer to the section: PRIZE AWARDS IN THE EVENT OF A TIE below.
Eligibility
Individuals who are at least 18 years of age (or the age of majority in their state or other jurisdiction of residence) and who have a live IBFX Mini Account ("Mini Account") with a minimum equity of US $250.00 funded by 4:59 PM ET the last weekday of the month prior to the contest period are eligible to participate in the Contest ("Contest"). Demo Accounts and regular accounts are not eligible for this contest. Master accounts and Sub Accounts are not eligible for this Contest. It is the participant’s responsibility to register the correct account. If an ineligible account is registered, that account will be disqualified and is not eligible to receive prizes or awards. If an account is entered more than one time then all entries of that account will be disqualified. If the account registered for the contest is disabled for any reason you will be withdrawn from the contest and auto-enroll will be turned off.
To be eligible for participation, all Participants agree to have their trading record published and or distributed by IBFX, its agents, and successors during and after the life of the contest. If the Participant chooses not to release his/her trading record he/she will not receive the prize money.
Funds may not be funded into or withdrawn from the account taking part in the contest during the duration of each Contest Period. Deposits and/or withdrawals can be made between the end of the contest period and the last weekday of the month prior to the new contest period. A deposit or withdrawal into or from your contest account during the contest period will cause a withdrawal from that month’s contest. Trade Tickets are not considered a deposit or withdrawal and will not withdraw the Participant from the Contest.
A minimum of 10 (ten) closed trades most be completed during the contest period to be eligible to win. Trades that occur after 00:00 GMT on the 1st trading day of the new month are considered in the contest. Trades that occur at or after 5:00pm EST on the last day of the contest period will not be considered in the results.
Employees of Sponsor, its subsidiaries, affiliates, suppliers or their immediate families are not eligible. Persons employed by a firm whose principal business is online foreign exchange trading its subsidiaries, affiliates or their immediate families are not eligible. By entering, Participant agrees to abide by these Official Rules and the decisions of the Sponsor, which are final and binding.
Determination of Winners
On the last day of each Round, all Participant Accounts will be marked to market at approximately 5:00 p.m. ET to determine the closing equity (P&L) percentage. Open positions need not be liquidated for purposes of determining the Winners. The final percentage gain for each Participant will be determined by the following formula and will determine the winner of the contest:
((EE - MSE) / MSE) * 100)= Monthly Percentage gain or loss
where EE = ending equity
where MSE = monthly starting equity
results are rounded to three decimal points after multiplying by 100
Each trading day the daily gains and losses to that point in the contest period is calculated to present daily standings using the following formula, this information is for information only and does not determine the winner of the contest:
((EE - DSE) / DSE) * 100)= Daily Percentage gain or loss
where EE = ending equity
where DSE = daily ending equity
results are rounded to three decimal points after multiplying by 100
The five Participants with the highest percentage gain during each Round will be named the Winners and awarded cash prizes. Winners may withdraw their Prize at any time, however, if it is withdrawn from their contest account during a registered round of the contest, the person will be withdrawn from that session of the contest.
All taxes related to the Prize are the sole responsibility of the winners.
At the start of each month, the contest standings are reset all eligible Participants have an opportunity to compete in the next month contest period.
Winner Notification
Winners will be notified by email to the email address of record. Winners' names and trading results will be posted to our website at www.ibfx.com.
Method of Payment of Award
Awards will be deposited into the winners’ accounts during the break between the contests of the following months. Month 1 winners will receive their award during the break between month 2 and month 3 contest periods.
Prize Awards in the Event of a Tie
In the event of a tie, the prize value will be split equally amongst the tied Participants. For example: If three people tie for 1st place then the awards for 1st , 2nd and 3rd place are combined and divided equally. If two people tie for 2nd place, then the awards for 2nd and 3rd are combined and divided equally. If 1st and 2nd place had only one winner but 3rd place has four, then 3rd, 4th and 5th place prizes is divided between the four winners tied at 3rd place. These examples are not meant to be a comprehensive description of all possible scenarios, but rather, representative of a limited set of the many possible scenarios. Participants agree that winners, prize awards and division of prize awards will be decided by IBFX and that all decisions are final.
Miscellaneous
The Contest is subject to all applicable laws in the United States. Void where prohibited or restricted by law.
Inquiries, Disputes, Appeals
All other inquiries, disputes, appeals, questions, petitions, and problems will be evaluated by IBFX and final decisions will be considered binding and satisfactory. IBFX, in its sole discretion, determines what action is reasonable or necessary. All decisions are final. Participants agree that any and all claims, disputes and causes of action arising out of or related to the Contest shall be resolved, without resort to any form of class action, exclusively by the appropriate courts in Salt Lake County, Utah, in accordance with the laws of the State of Utah, without giving effect to conflict of law rules which would cause the application of the laws of any other jurisdiction.
IBFX has sole discretion to disqualify any Participant found in violation of the rules of the Contest or applying inappropriate trading strategies.
IBFX shall not be responsible for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.
IBFX, in its sole discretion, may prohibit Entrants from participating in the Contest and disqualify entries if they attempt to enter the Contest through means not described in the rules, misrepresent themselves in any way on their IBFX trading application, attempt to disrupt the Contest or circumvent the rules, or act in an un-sportsmanlike manner or with intent to annoy or harass any other Participant(s) or Sponsor(s). IBFX reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest. IBFX reserves the right to shorten or extend the Contest period or to cancel the contest if IBFX, in it its sole discretion, determines that such action is reasonable or necessary. All decisions are final. IBFX makes no warranty, representation or guarantee, express or implied, in fact or in law, relative to the use of the Contest prize including, but not limited to, quality, merchantability or fitness for a particular prize.
Under no circumstances will IBFX or any affiliated persons or entities be liable for: (1) electronic, computer, telephone, network, internet or other technical or human error(s) which may occur in connection with the Contest; (2) any injury or damage to person or property, which may be caused, directly or indirectly, from participation or attempted participation in the Contest; (3) illegitimate entries (which will be disqualified); (4) punitive, indirect, incidental or consequential damages.
IBFX reserves the right to; extend the trading period, to postpone the starting date until after the first of each month, choose not to display daily results and standings, or to cancel the contest if IBFX, in its sole discretion, determines that such action is reasonable or necessary. IBFX, in its sole discretion, may reject any Participant’s application for any reason.
Risk Disclosure
This Contest requires Participants to open and fund an IBFX mini trading account. Before deciding to participate in the Contest, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited, to the failure of hardware and software.
Current Standings
Register
Contest Rules
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The IBFX Mini Challenge ("Contest") is open to new and existing IBFX Mini Account clients. Only one entry per account holder or Participant is permitted. A Participant is only permitted one mini account to be registered in the contest at a time. This one trading account can only be entered in the contest one time for a contest Period. If the account is a joint account, then only one account holder can enter the account in the contest per Round. Participants must close a minimum of 10 (ten) trades per Round. Failure to close 10 (ten) trades during the contest period will result in disqualification. Qualifying Mini Accounts must be at least a full trading day old before they are eligible to be entered in any given month’s contest.
The contest will begin on the first weekday of each month, and will end on the 25th of each month or the last weekday before the 25th of each month if the 25th is not a weekday. Daily contest results are calculated using the eligible registered account's daily activity reports. Daily activity reports are generated at approximately 5:00pm eastern time USA. Participants must be enrolled in any given contest period before 2:00am EST on the 1st of the month.
There is NO entry fee required.
Each month, the top five performers, based on percentage gain, ("Winners") will be awarded the following cash prizes
("Prize"):
1st $3,000.00
2nd $1,500.00
3rd $750.00
4th $500.00
5th $250.00
In the event of a tie the available award will be equally divided between winners. Refer to the section: PRIZE AWARDS IN THE EVENT OF A TIE below.
Eligibility
Individuals who are at least 18 years of age (or the age of majority in their state or other jurisdiction of residence) and who have a live IBFX Mini Account ("Mini Account") with a minimum equity of US $250.00 funded by 4:59 PM ET the last weekday of the month prior to the contest period are eligible to participate in the Contest ("Contest"). Demo Accounts and regular accounts are not eligible for this contest. Master accounts and Sub Accounts are not eligible for this Contest. It is the participant’s responsibility to register the correct account. If an ineligible account is registered, that account will be disqualified and is not eligible to receive prizes or awards. If an account is entered more than one time then all entries of that account will be disqualified. If the account registered for the contest is disabled for any reason you will be withdrawn from the contest and auto-enroll will be turned off.
To be eligible for participation, all Participants agree to have their trading record published and or distributed by IBFX, its agents, and successors during and after the life of the contest. If the Participant chooses not to release his/her trading record he/she will not receive the prize money.
Funds may not be funded into or withdrawn from the account taking part in the contest during the duration of each Contest Period. Deposits and/or withdrawals can be made between the end of the contest period and the last weekday of the month prior to the new contest period. A deposit or withdrawal into or from your contest account during the contest period will cause a withdrawal from that month’s contest. Trade Tickets are not considered a deposit or withdrawal and will not withdraw the Participant from the Contest.
A minimum of 10 (ten) closed trades most be completed during the contest period to be eligible to win. Trades that occur after 00:00 GMT on the 1st trading day of the new month are considered in the contest. Trades that occur at or after 5:00pm EST on the last day of the contest period will not be considered in the results.
Employees of Sponsor, its subsidiaries, affiliates, suppliers or their immediate families are not eligible. Persons employed by a firm whose principal business is online foreign exchange trading its subsidiaries, affiliates or their immediate families are not eligible. By entering, Participant agrees to abide by these Official Rules and the decisions of the Sponsor, which are final and binding.
Determination of Winners
On the last day of each Round, all Participant Accounts will be marked to market at approximately 5:00 p.m. ET to determine the closing equity (P&L) percentage. Open positions need not be liquidated for purposes of determining the Winners. The final percentage gain for each Participant will be determined by the following formula and will determine the winner of the contest:
((EE - MSE) / MSE) * 100)= Monthly Percentage gain or loss
where EE = ending equity
where MSE = monthly starting equity
results are rounded to three decimal points after multiplying by 100
Each trading day the daily gains and losses to that point in the contest period is calculated to present daily standings using the following formula, this information is for information only and does not determine the winner of the contest:
((EE - DSE) / DSE) * 100)= Daily Percentage gain or loss
where EE = ending equity
where DSE = daily ending equity
results are rounded to three decimal points after multiplying by 100
The five Participants with the highest percentage gain during each Round will be named the Winners and awarded cash prizes. Winners may withdraw their Prize at any time, however, if it is withdrawn from their contest account during a registered round of the contest, the person will be withdrawn from that session of the contest.
All taxes related to the Prize are the sole responsibility of the winners.
At the start of each month, the contest standings are reset all eligible Participants have an opportunity to compete in the next month contest period.
Winner Notification
Winners will be notified by email to the email address of record. Winners' names and trading results will be posted to our website at www.ibfx.com.
Method of Payment of Award
Awards will be deposited into the winners’ accounts during the break between the contests of the following months. Month 1 winners will receive their award during the break between month 2 and month 3 contest periods.
Prize Awards in the Event of a Tie
In the event of a tie, the prize value will be split equally amongst the tied Participants. For example: If three people tie for 1st place then the awards for 1st , 2nd and 3rd place are combined and divided equally. If two people tie for 2nd place, then the awards for 2nd and 3rd are combined and divided equally. If 1st and 2nd place had only one winner but 3rd place has four, then 3rd, 4th and 5th place prizes is divided between the four winners tied at 3rd place. These examples are not meant to be a comprehensive description of all possible scenarios, but rather, representative of a limited set of the many possible scenarios. Participants agree that winners, prize awards and division of prize awards will be decided by IBFX and that all decisions are final.
Miscellaneous
The Contest is subject to all applicable laws in the United States. Void where prohibited or restricted by law.
Inquiries, Disputes, Appeals
All other inquiries, disputes, appeals, questions, petitions, and problems will be evaluated by IBFX and final decisions will be considered binding and satisfactory. IBFX, in its sole discretion, determines what action is reasonable or necessary. All decisions are final. Participants agree that any and all claims, disputes and causes of action arising out of or related to the Contest shall be resolved, without resort to any form of class action, exclusively by the appropriate courts in Salt Lake County, Utah, in accordance with the laws of the State of Utah, without giving effect to conflict of law rules which would cause the application of the laws of any other jurisdiction.
IBFX has sole discretion to disqualify any Participant found in violation of the rules of the Contest or applying inappropriate trading strategies.
IBFX shall not be responsible for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.
IBFX, in its sole discretion, may prohibit Entrants from participating in the Contest and disqualify entries if they attempt to enter the Contest through means not described in the rules, misrepresent themselves in any way on their IBFX trading application, attempt to disrupt the Contest or circumvent the rules, or act in an un-sportsmanlike manner or with intent to annoy or harass any other Participant(s) or Sponsor(s). IBFX reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest. IBFX reserves the right to shorten or extend the Contest period or to cancel the contest if IBFX, in it its sole discretion, determines that such action is reasonable or necessary. All decisions are final. IBFX makes no warranty, representation or guarantee, express or implied, in fact or in law, relative to the use of the Contest prize including, but not limited to, quality, merchantability or fitness for a particular prize.
Under no circumstances will IBFX or any affiliated persons or entities be liable for: (1) electronic, computer, telephone, network, internet or other technical or human error(s) which may occur in connection with the Contest; (2) any injury or damage to person or property, which may be caused, directly or indirectly, from participation or attempted participation in the Contest; (3) illegitimate entries (which will be disqualified); (4) punitive, indirect, incidental or consequential damages.
IBFX reserves the right to; extend the trading period, to postpone the starting date until after the first of each month, choose not to display daily results and standings, or to cancel the contest if IBFX, in its sole discretion, determines that such action is reasonable or necessary. IBFX, in its sole discretion, may reject any Participant’s application for any reason.
Risk Disclosure
This Contest requires Participants to open and fund an IBFX mini trading account. Before deciding to participate in the Contest, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited, to the failure of hardware and software.
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Contest Rules
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new to forex
What is Forex?
Forex, also called the Foreign Exchange Market, is the world's largest financial market, where traders buy and sell different currencies.
Why trade Forex?
Here's a look at today's Forex market [click to see]. Note the price fluctuations. If you buy low and sell high, you make profits. If the market moves against you, then you incur losses. Unlike the stock market, when one currency goes down, there's always another currency going up, making Forex attractive to banks and hedge funds, business and retail investors.
How do I know what currencies to buy or sell?
When dealing with any market, there are two general approaches traders use to estimate how the market will move. The first, technical analysis, focuses on price patterns and uses charting tools to discover them. The second, fundamental analysis, accredits price fluctuations as being a product of economic and political events. Click here to view our free online training video!
How does leverage work?
Leverage enhances your profit potential while also increasing your risk of loss. With a leverage of 100:1, you are allowed to purchase up to 100 units of another currency with just 1 dollar. Click here to learn more about leverage.
How much should I start with?
The minimum deposit to start trading live at Forex Club is $10. However, $10 won't get you far. Even if you are a great trader, an account this small won't yield more than several dollars a day. If you are aiming for greater results, consider starting with a larger account. We recommend starting with $500. This will gain you access to Autochartist, a chart analysis service that identifies quality trading opportunities and emerging trends in real-time.
How do I get started on Forex?
Getting started with Forex has never been easier. All you need is a computer, an Internet connection and a program called Trading Platform. Install the trading platform on your computer and try Forex trading with 5,000 virtual dollars. Sign up for a free demo account
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