LITE FOREX F.A.Q

LITE FOREX SIGNUP

F.A.Q.

- What types of partnership does LiteForex offer?

Each person who would like to cooperate with LiteForex group of companies can choose one of the following types of partnership programs:

• Bring your friend
• Internet-Partner
• PAMM-partner
• Regional Representative
• White Label

Depending on your experience, resources and the expected result, you can choose any option which fits you best.

- How can I register in the “Internet-Partner” program?

To register in the “Internet-Partner” program, you need to send an application from your Client’s Profile. Having logged in, choose the “Affiliate programs” section, the “Internet-partner” program and then fill in the participation form. You can also use the quick registration form on the right side of the page http://www.liteforex.com/partners/.

- Where can I get LiteForex banners?

You can get the banners in Affiliate Program section of your Client's Profile, and also at our site.

- How does the affiliate link work?

You place LiteForex banner with the link at your site or distribute the link in other ways.  The client, who is redirected to our site via your affiliate link and opens the trading account, becomes your referral.  Every time your referral closes a transaction, you get commission equal to 2 pips.  Besides, if the client recommended by you registers in an affiliate program, you get 10% from his affiliate commission.

- How is the commission for the "Internet-Partner" program paid?

When you register in the "Internet-Partner" program, you get access to four affiliate accounts, each located on a separate trading server.  When a referral closes a transaction, your commission is instantly deposited to the corresponding affiliate account.

- How can I monitor the history of transfers to my affiliate account?

The partnership commission is reflected in the account history in MetaTrader4 trading terminal. Besides, you can view the affiliate commission amount in your Personal Profile by choosing the “Full statistics” tab in the “Affiliate program” section.

- How can I withdraw my earnings?

There are several ways to withdraw funds from your affiliate account:  WebMoney, Liberty Reserve, Moneybookers, OKPAY, Perfect Money, LiqPay, and wire transfer. A withdrawal application is filled in Client's Profile and processed according to the corresponding regulations.  Minimal withdrawal amount is equal to $1.

- Where can I find my affiliate link?

A letter containing your affiliate link and the information on affiliate accounts is sent via email, when the application for participation in affiliate program is confirmed. Also, the link can be found in the “Affiliate Program” section of the Client's Profile.

- How long is an affiliate link active?

The lifetime of an affiliate link is not limited as long as at least one affiliate account is active.

- Can I conduct trading operations on my affiliate account?

No, you can't. An affiliate account is used only to receive the commission. In order to conduct trading operations, you can open an additional trading account in your profile. Also, you can transfer funds from the affiliate account to the trading one.

- What does "auto-referral” mean, and can my relatives become my referrals?

“Auto-referral” means getting the commission from your own trading accounts. Neither a partner nor his relatives or any partner’s affiliated entities may act as referral.

- Can I review the list of attracted clients?

Yes, you can review the list of referrals in the Affiliate Program section of your Client's Profile.

- How many people can I attract within the framework of the "Bring your friend" program?

There are no limitations. The more friends you bring, the more commission you get.

Deposit with:

Liteforex Contest

1.1. "LiteForex's successful partner" contest is held from 1st (from 00:00:01) to last date (to 23:59:59) of every month according to the server time (GMT+3, indicated in the terminal)

1.2. Any holder of an affiliate account opened with LiteForex has the right to partake in the "LiteForex's successful partner" contest (one affiliate account may partake in the contest only once).

1.3. To be able to participate in the "LiteForex's successful partner" contest, a client of LiteForex group of companies has to register on the site.

1.4. All participants commit themselves to provide true information when registering for the contest.

1.5. When registering, a participant needs to choose an affiliate account, which will partake in the "LiteForex's successful partner" contest.

1.6. The registration for the contest begins right after the contest starts and can be carried out during the contest period.

1.7. A participant has the right to register several of his accounts by that increasing his winning chances.

1.8. Participants' current ratings and contest results can be found in a real-time mode on LiteForex's website.

1.9. 5 contest participants will be given prize-winning places regardless of the affiliate account type (REALForex or LITEForex).

1.10. Should any disputes concerning the promotion and its results arise, they are to be sorted out in discussions.

1.11. All the participation terms correspond to the terms of LiteForex's Affiliate Agreement.

1.12. By registering an affiliate account for the contest, a participant gives his consent to the publication of his account details (including his full name, account number, affiliate commission amount) in the participants' current and ultimate ratings and in dedicated advertising articles.

1.13. By registering for the contest, a participant recognizes all the applicable rules and restrictions. Should the contest rules be broken, the company reserves the right to disqualify the participant in the course of the contest.

2. Winners and Prizes

2.1 The winners of the "LiteForex's successful partner" contest will be the account holders who have taken 5 leading positions as per the rating formed at the end of the contest.
2.2 The rating will be formed in accordance with the affiliate commission amounts received within the period starting from the contest account registration and up to the contest finishing.
2.3 In case 2 or more participants have reached the same commission amount on their affiliate accounts following the results of the "LiteForex's successful partner" contest, the participant who has attracted a larger number of clients within the period starting from the contest account registration and up to the contest finishing will be considered a winner.
2.4 The list of winners will be published after the contest ends.
2.5 The Participants who have gained prize-winning places according to the paragraphs 2.1 and 2.2 will receive such prizes as commemorative awards and money; depending on the ranking, LiteForex group of companies will deposit the following sums in winners' trading accounts:

Rank	Prize amount, $
1	1000
2	500
3	250
4	150
5	100
6 - 10	50
11 - 15	20
16 - 30	10 2.6 Prize amount can be deposited only in the account registered for the contest and belonging to the prize-winner. 2.7 LiteForex group of companies reserves the right to request any additional information regarding the participant's identity when crediting prize funds. 2.8 Commemorative awards will be sent to the winners by post within 5 working days following the end of the contest. The delivery time depends on conditions of post offices work. 2.9. Prize funds will be deposited in clients' accounts (at the terminal internal rate) within 3 working days since the results publication. 2.10 Prize funds can be withdrawn from accounts as soon as they are deposited in winners' trading accounts. 2.11 The Winners of the "LiteForex's successful partner" contest will be invited to participate in LiteForex's advertising and marketing activities such as interviews, photo- and video-reportages, and press releases in mass media.

LiteForex Bonus 40%

Bonuses

Looking for The Highest Forex Bonus? Lite Forex has the Best Offers - up to 60% FX Bonus - Open a Live Account Today!

CREATE ACCOUNT, MAKE DEPOSIT & GET BONUS 40+10%

• 
  
  
  
  
  
  You want to obtain success and stability with a reliable brokerage company, right?Then, thank you for choosing LiteForex as your brokerage company! The LiteForex group offers you a 40% bonus on each deposit into your trading account that exceeds $100.
• Have you lost more than half of your deposit?The LiteForex group is ready to support you and help you reach success. We provide the help that you need to resume your Forex trading – an extra bonus +15% on your next deposit or the leverage increased by 50%.
• You’ve become successful in online trading, haven’t you?You have a chance to fight for the “best trader” title and to be on the “Top 10 traders” list. The PAMM projects of these traders will be advertised and promoted at the expense of LiteForex. In addition, LiteForex will offer you an increased rate of interest on surplus funds (13%). 
• Have you been trading with LiteForex for a long time?We respect your choice and fidelity. If you’ve been our client for a year or more, the company will give you an extra bonus +5% on each deposit during 1 year.
• Are you thinking of changing a brokerage company?We appreciate your choice of LiteForex as your broker. That is why LiteForex gives you an additional bonus +10% on your first deposit in the trading account.

Celebration Bonus 35%+25%

Bonuses

Looking for The Highest Forex Bonus? Lite Forex has the Best Offers - up to 60% FX Bonus - Open a Live Account Today!

CREATE ACCOUNT, MAKE DEPOSIT & GET BONUS 40+10%

• 
  
  
  
  
  
  You want to obtain success and stability with a reliable brokerage company, right?Then, thank you for choosing LiteForex as your brokerage company! The LiteForex group offers you a 40% bonus on each deposit into your trading account that exceeds $100.
• Have you lost more than half of your deposit?The LiteForex group is ready to support you and help you reach success. We provide the help that you need to resume your Forex trading – an extra bonus +15% on your next deposit or the leverage increased by 50%.
• You’ve become successful in online trading, haven’t you?You have a chance to fight for the “best trader” title and to be on the “Top 10 traders” list. The PAMM projects of these traders will be advertised and promoted at the expense of LiteForex. In addition, LiteForex will offer you an increased rate of interest on surplus funds (13%). 
• Have you been trading with LiteForex for a long time?We respect your choice and fidelity. If you’ve been our client for a year or more, the company will give you an extra bonus +5% on each deposit during 1 year.
• Are you thinking of changing a brokerage company?We appreciate your choice of LiteForex as your broker. That is why LiteForex gives you an additional bonus +10% on your first deposit in the trading account.

Tutorial Forex

Margin trading

Financial markets are an economic system where its participants trade in specific goods - financial instruments. The system includes such participants as banks (that can play the role of market-makers), exchanges, broker companies,financial instruments (for example, funds) and individual traders. The goods that are sold by the participants, are called financial instruments or assets. In the most general sense, financial instruments are certain obligations (contracts) that prove facts of mutual demands of two parties. The first party is obligated to supply (immediately or in future, unconditionally or on certain conditions) goods, and the second - to pay (for example, with money or securities).

An important feature of the financial markets is that the money or securities themselves might be regarded as goods. But of course common (usual) goods and raw materials are also sold at the financial markets. On the basis of it the financial markets may be divided into foreign exchange markets, stock markets and raw materials markets.

An important feature of the financial markets is that the money or securities themselves might be regarded as goods. But of course common (usual) goods and raw materials are also sold at the financial markets. On the basis of it the financial markets may be divided into foreign exchange markets, stock markets andraw materials markets.

Picture 1.  Types of financial markets

In our course we will pay general attention to foreign exchange market Forex and its participants, includingbroker companies and individual traders. Roles and functions of others participants of the financial markets (banks, exchanges, financial institutions) are widely described in other sources (see The List of Recommended Literature) and also in other (special) courses of our company.

The other feature of the financial markets is standardization of volume of transactions (size of contracts) by means of lots. At the Forex exchange market a standard contract (one lot) is equal to 1 000 000 (one million) units of acquired currency. In the reality such volumes are sold very seldom at Forex. More typical situation is when the transaction has a volume of ten (10 000 000 units) or more lots.

Such a volume of deals is not always available for an individual investor. The broker companies that provide their services to Forex (for example, LiteForex), give an opportunity to individual traders to carry out operations at the foreign exchange market Forex providing them with so-called leverage. It goes like this. A trader opens an account in the company (sometimes it is called a secure deposit). This deposit is used as a bail (margin) that provides a guarantee of the client ability to pay to the broker company.

When a transaction is opened, a certain part of means, that becomes a guarantee of the transaction (margin), is frozen on the client’s account. The broker company, from its part, adds means, increasing the sum by 50, 100, 200 or 500 times. Basically, it is a purpose loan provided to the client by the broker company for the full time of life of transaction Some companies provide such a credit at certain interest or charge a certain commission, but LiteForex provides the leverage to its clients for free. The size of theleverage in this case is indicated as 1:50; 1:100; 1:200 or 1:500. Using the leverage, an individual trader may enter Forex having relatively small deposit. Thus if a trader has $10 000, then using the 1:100leverage, the biggest possible amount of the transaction that is available for him is equal to 1 000 000 (one million dollars).

Picture 2. The work of leverage

Apart from leverage broker companies provide an opportunity to trade using cent accounts and work withfractional lots. In this case a trader gets an opportunity to work with deposits from US$1 (at cent account it is equal to 100 units) that by means of leverage will allow him to open a transaction at volume of 10 000 (0,1 of lot); the transactions at volume of 10 000 or less are called fractional (mini-, micro-) lots. Broker companies cannot lead such micro-transactions at the foreign exchange market separately. Thus in case of work with cent accounts, the consolidated position is led to the market. 

How To start

HOW TO START

The first step to successful Forex trading lies in understanding the Forex market structure with its advantages and disadvantages, appreciating its reefs, studying analysis methods, market predicting and trading principles and creating personal Forex trading strategies. 

A brief excursus into the Foreign Exchange market - Forex, as well as a description of trading principles, analysis and predicting methods can be found on our site, in the pages: Introduction to Forex, Understanding Forex, Forex Techniques, Forex Glossary, Forex Trading FAQ. Unfortunately, the information you find on our site is only a small portion of the vast volume of information available nowadays. But this information will help you get started.

The second step is implementing the acquired knowledge in practice - studying and using the Forex trading platform, placing, deleting and modifying orders, opening and closing positions and so on.

At this stage you need to practice on a Forex Demo Account. A demo account lets you develop your skills without financial risk as you do not need to invest. Demo accounts are free. Instructions for opening Forex demo accounts can be found on the page "Open Demo Account".

After the first positive results, many forex traders enter the real Forex trading market and do not succeed. That's why you need to get positive results that are stable first. The knowledge you gain, through correct trading with your own system, following your rules, developing steel logic and psychological stability, in absence of greed and following a money management system will all be determinant at this stage.

To assist traders in accomplishing this difficult task, our company has prepared two special types of accounts - LITEForex and REALForex.

LITEForex accounts offer Forex beginners the possibility of starting real trading on Forex with real deposits. But keep in mind that profits and losses on this account will be minimal. Even stable profits cannot cover your Internet expenses.

A small starting deposit, which any Forex trader could lose absolutely painlessly, will help you overcome the very complex transitional stage of going from a demo account to a live account.

Since all LITEForex group accounts are in cents, Forex traders will practice working with amounts that have more and more zeros, like in US dollars. This helps prepare traders for the future and escape psychological pressure when trading on professional accounts.

Moreover, the LITEForex Forex account can be used by skilled Forex traders for testing different mechanical trading systems.

REALForex type accounts belong to the "professional" category and are aimed for skilled forex traders, working with big amounts of money. All operations on this account type are made in US dollars; maximal deposit is unlimited.

What is Forex

Foreign Currency Exchange (Forex) Trading allows an investor to participate in profitable fluctuations of world currencies. Forex trading works by selecting pairs of currencies and then measuring profit or loss by the fluctuations of one  currency's market activity compared to the other. For example, fluctuations in the value of the U.S. Dollar are measured against another world currency such as the British Pound, Euro, Japanese Yen etc. Being able to discern price trends in forex market activity is the essence of all profitable forex trading and this is what makes foreign currencies so exciting, currencies are the world's 'best trending' market. This gives Forex investors a profit making edge that is unavailable in most other markets.

Forex trading is being called 'today's exciting new investment opportunity for the savvy investor'. The reason is that the Forex Trading Market only began to emerge in 1978, when worldwide currencies were allowed to 'float' according to supply and demand, 7 years after the Gold Standard was abandoned. Up until 1995 Forex Trading was only available to banks and large multinational corporations but today, thanks to the proliferation of the computer and a new era of internet-based communication technologies, this highly profitable market is open to everyone. The Forex Trading Market's growth has been unprecedented, explosive, and continues to be unequaled by any other trading market.

Unlike traditional trading which brings buyers and sellers together in a central location (trading floors) in Forex Trading there is no need for a centralized location. Forex is a market where worldwide traders conduct business by high-speed Internet connections with the Interbank Foreign Currency Exchange via Forex Clearinghouses (also called Forex Brokerage Firms). Forex has not only become the fastest growing trading market, but also the most profitable trading marketplace in the world.

Simply stated, Forex is the most profitable because it is the world's largest marketplace. The Foreign Currency market as a whole accounts for over 1.2 trillion dollars of trading per day (as determined by the fourth Central Bank Survey of Foreign Exchange and Derivatives Market Activity, 1998. This figure is understood to be significantly higher today). To put this into perspective, on any given day the Foreign Currency Exchange Market activity is vastly greater than the Stock Market. It is 75 times greater than the New York Stock Exchange where the average total daily value (using 1998 figures) of both foreign and domestic stocks is $16 billion, and much greater than the daily activity on the London Stock Exchange, with $11 billion.

Furthermore, in addition to being the world's largest and most profitable market, The Foreign Currency Exchange Market (forex) is the world's most powerful and persistent trading market regardless of negative economic indicators. This is because currencies 'trend' better than every other market due to their macro-economic nature. Unlike many commodities whose supply and demand fundamentals can literally change overnight (as we found in the sudden dot com 'market adjustment' and even more abruptly on September 11, 2001), currency fundamentals are much less random, and far more predictable. This is well illustrated in the way interest rates are changed gradually and only in small increments.

Other examples of fundamental predictability are illustrated by the following statistics. Of the $1.2 trillion day trading in Foreign Currency Exchange, 83% of spot foreign exchange activity and 95% of swap activity involves US Dollars. The Euro is the second most active currency at 37%. The Japanese Yen (24%) and the British Pound Sterling (10%) are ranked third and fourth. The Swiss Franc is 7%, and the Canadian and Australian Dollars account for 3%.

Spot Forex is the type of forex trade in which self-traders concentrate most of their investment activity for reasons that are self-explanatory. By definition, a Spot Forex transaction is a currency trade transaction that has a settlement (liquidation) within a maximum of 2 working days following the closing of the trade. Therefore Spot Forex allows the self-trader high liquidity. Another popular feature for well-advised Spot Forex self-traders is the strong profit potential from continual market fluctuations by buying a specific currency when it is weaker and selling it when it is stronger, and the continual pairing of strong currencies against weak ones. This potential for profit or loss is amplified by the effect of leverage. Leverage is a term that describes what can be achieved when a smaller amount of money controls a much larger amount of money. With regards to Forex Trading for example, a leverage-factor of 100 can allow the trader to hold a 100,000 US Dollar position with a modest 1,000 US Dollar margin deposit. Online Forex day trading focuses its investment activity largely on Spot Forex because of the 'risk manageability' of in-and-out trading plus the potential to generate excellent and highly liquid profits.

"Few financial industries generate as much excitement and profit as currency exchange. Traders around the world enter trades for weeks, days or split seconds, generating explosive moves or steady flows, and money changes hands quickly at a staggering daily average of a trillion US dollars. Forex profitability is legendary. George Soros of Quantum Fund realized a profit in excess of 1 billion dollars for a couple of days work in September 1992. Hans Hufschmid of Soloman Brothers, Inc. netted $28 million for 1993. Even by Wall Street standards, these numbers are heartstoppers".*

Despite its high trading volume and its fundamental role in the world, the Forex Market is rarely in the media limelight because its method of trading transaction is less visible than the Floor of a Stock Exchange. However, trading on the Foreign Currency Exchange Market is today surging into the public awareness, as flocks of internet traders are attracted by the market's inherent profitability and risk manageability. Add to this the absence of geographic or temporal boundaries and vibrantly active Forex market is open to all players.