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Online Forex Training Reaches Hawaii

Published: Wed, 03 Aug 2005, 03:35:00 EDT

Edited by Carly Zander

HONOLULU, HI - August 3 (SEND2PRESS NEWSWIRE) -- Over the last year, the latest day trading financial craze receiving a lot of media attention has been speculation in the $1.9 trillion - day - foreign exchange market, or Forex. So how do you go about getting started with countless online trading account companies pitching the same sales theme of quick gains on a small investment, much like the M.L.M. (multi-level) boom of the 80s? Enter Hawaii Forex, a local "IB" or introducing broker located in Honolulu, Hawaii who provides free online classes to get started and a 1 on 1 mentorship course with the slogan "Learn while you earn."



Photo Caption: Training at Hawaii Forex.

Where a lot of U.S. mainland trends usually take a while to catch on in the islands, Hawaii Forex aims to be a Forex statewide office for locals and Asia Pacific interests with multi-lingual courses. Their newsletter offers "trade ideas" rather than recommendations on day trades with supporting detail in a weekly analysis for those taking the mentorship course.

"We saw a lot of companies pitching courses to learn Forex and charging thousands of dollars for programs that were either too overwhelming to grasp or biased on 'magic' automated signals. Both models leave a new trader without the necessary mindset to plan and think about what they're really doing," says Derek Ching, Managing Director of Hawaii Forex. "Our focus is to provide some free education on getting started while offering courses with a strong emphasis on basic money management, risk/reward and interactive team trading to help individuals learn and keep a fresh perspective on planning trades."

The attractiveness of Forex over the U.S. Stock market for many traders has been the 24-hour market; meaning that traders can participate whenever they want, as opposed to limited hours of the stock exchange. Another point is leverage where traders can open positions with as much as 200 times the amount of their initial investment. Transaction costs are also much lower to trade currencies than stocks along with a tighter focus on watching a few currency pairs over monitoring thousands of stocks.

"We always encourage people to learn with a free practice account and get a feel for market dynamics before even opening a mini account which can be done with as little as $300." An introducing broker for known online firms as Forex Capital Markets or Global Futures Trading, Hawaii Forex clients are not charged additional commissions while gaining value-added services. "Our focus is to foster a community where traders work in teams to share ideas & tools that have worked for them so there's a continual evolution of thought towards improving trade performance."

Hawaii Forex provides free online weekly classes on Forex where traders can dial into a toll-free 800 number to participate on the phone while watching slides via web conference. Register in advance at www.hawaiiforex.com.

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