Introduction
A well designed interface and wide range of trading options have made AvaFx a top destination amongst Forex day traders. The motto of AvaFx is “Integrity is Our Most Valuable Currency”. As such they put a great deal of emphasis on providing timely and accurate information about how their site works. When traders are well informed, they are able to realize greater profits.
Trading Platforms
The classic trading platform on AvaFx is a downloadable program called AvaTrader. By using the Ava Trader investors are able to receive streaming data in real time and execute trades in the blink of an eye. For users who prefer a web based platform there is also Ava Java which is great for checking your account when you’re not on your home computer. A new platform called Ava Auto Trader allows users to create an automated trading strategy for those interested in a hands-off approach to forex. Members of AvaFx can create their own strategies or employ ‘mirror’ strategies developed by other experienced forex traders.
Trading Products
AvaFx offers dozens of currency pairs that can be denominated in US Dollars, Euro, Japanese Yen, or Pound Sterling. Traders can also buy and sell commodities such as Crude Oil and Natural Gas via CFDs. Indexes like the CAC 40, IBEX, and OMX 30 are also options for the commodity trader. Lastly, members of AvaFx can also use CFDs to buy, sell, or short individual stocks. Traders can use the same amount of leverage that they employ with currency trades on stock CFDs. A recent improvement to AvaFx is new lower spread & margin requirements for most major currency pairs. Spreads on Forex are in the 4 – 20 range. Stock indexes like the S&P 500 have a spread of only $0.25 over the market value and feature leverage of 100:1. Individual stock shares feature zero commissions on trades and margin requirements are between 5 – 10%.
Extra Features
The Education Center at AvaFx provides first rate information on the world of Forex that can be used by novice and experienced traders alike. There are articles on technical analysis, trading techniques, fundamental analysis, as well as a handy glossary for looking up market specific terms. The real time charts offered by AvaFx give their traders an edge with easy to digest information that is displayed in a visually appealing format.
