Interbank FX Blog


SALT LAKE CITY, UT, USA—September 2, 2010— On the heels of the IBFX Holdings new office opening, IBFX Australia Pty. Has recently announced the appointment of Alex Douglas to the company’s growing management team.

Douglas will spearhead the launch of our Australian office in the role of General Manager, bringing with him a wealth of market knowledge, marketing and business development skills which have been acquired during more than twenty years working in the financial markets in Australia and South East Asia.

“I am very pleased to welcome Alex to the IBFX family,” said Todd Crosland, chairman and president of Interbank FX. “With more than two decades of industry experience in the global financial sector, he will fill a vital role here as we continue to grow our business throughout the world.”

Douglas first plotted currency movements on hand-drawn charts in 1983. This opened the door to a career in the financial markets that has included being a foreign exchange voice broker with M.W. Marshall & Co and a trader in the pits of the Sydney Futures Exchange with BZW Futures. A role with MMS, the financial market research and analysis arm of Standard & Poor’s, saw him transferred to Singapore in 1999. Here he took on the position of Global Head of FX Technical Analysis and co-founded the Technical Analysts Society of Singapore. This was later followed by roles as President of the Australian Professional Technical Analysts and board member of the global umbrella organization, the International Federation of Technical Analysts.

Since returning to Sydney, Douglas has acted as Company Director and Asia-Pacific Chief Analyst for G7 Forex Company Ltd, and was most recently an Associate Director with FX and CFD provider, City Index.

“In addition to Alex’s vast market experience, he has also established a solid reputation as a lucid market commentator across a range of print, electronic and broadcast media, including CNBC and Bloomberg television,” said Crosland. “We’re anxious and excited to have Alex head up our subsidiary office.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology. For more information about IBFX Australia Pty. Ltd please visit www.ibfx.com.

About IBFX Holdings LLC

Headquartered in Salt Lake City, UT, USA, IBFX Holdings LLC is the parent of the Interbank FX group of companies; including Interbank FX LLC, Interbank FX UK Ltd. and IBFX Australia Pty. Ltd. Interbank FX LLC is a provider of online forex tradingservices, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. Interbank FX LLC has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX LLC is regulated as a member of the National Futures Association and the Commodity Futures

Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here: http://www.ibfx.com/Legal/RiskWarning.aspx.

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As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced today final regulations regarding off-exchange retail foreign currency transactions. These rules are supported by Interbank FX, LLC, in providing an enhanced regulatory environment that will help protect retail forex investors and will also create a level playing field for all rules and regulations within the United States.

Interbank FX has continually supported the original Farm Bill of 2008, allowing the CFTC more authority over forex dealers. Because of this, we’ve foreseen such potential CFTC regulation changes, paving the way for our U.S. entity to be equipped with efficient operations, technology and overall transaction transparency to serve our growing customer base. For over two years, we’ve mandated all US solicitors and Money Managers to be registered with the CFTC and members of the NFA, anticipating the changes in the regulatory framework that have been published today.

In addition, we believe the CFTC has reached a reasonable compromise with the Forex Dealer Coalition (FXDC) regarding leverage requirements--making 50:1 leverage available to all U.S. customers. This compromise on leverage, as opposed to 10:1 in the proposed rules, allows the United States forex community to remain competitive with global opponents.

We consider these rules to be in the best interest of our customers, and incessantly strive to improve industry standards while accommodating customer expectations. That’s how we do business. That’s our culture. That’s our technology.

Interbank FX looks forward to continuing to provide a transparent and open trading environment for all our customers.For more information on our transparency metrics, please view our report card here.

To view the official CFTC release, click here.

Questions and Answers Regarding Final Retail Foreign Exchange Rule, click here

The IBFX Family

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Raghee Horner
May 20, 2010 
Automatic Support and Resistance Webinar

Part 1/6 – IBFX-PRS Initla Trend
1)    Forex Disclaimer,   0:00 – 0:18
2)    What we will be talking about today,   0:19 – 1:02
3)    About Pattern types in the PRS,   1:03 – 2:30
4)    How do I determine which strategy I use?,   2:31 – 4:20
5)    Looking at a pattern in the PRS and its Initial Trend,   4:21 – 5:28

Part 2/6 – Identifying the Market Cycle
1)    About the Initial Trend data,   0:00 – 1:54
2)    What is the Initial Trend,   1:55 – 3:18
3)    An Inverse Head and Shoulders Example,   3:19 – 3:37
4)    A Channel Up Example,   3:38 – 5:47

Part 3/6 – Chart Patterns and the Trend
1)    A Channel Up Example, Con’t,   0:00 – 4:44

Part 4/6 – Pip Movement Ranges
1)    Looking at the expected Price Range in the Power Stats Advanced,   0:00 – 1:27
2)    How time frame reflects potential risk,   1:28 – 3:28
3)    How price range reflects potential risk,   3:29 – 6:37

Part 5/6 – Price Movement and Risk Tolerance
1)    How price range reflects potential risk, Con’t,   0:00 – 2:30
2)    More on the expected price range data,   2:31 – 4:10
3)    What type of risk are you comfortable with?,   4:11 – 5:03
4)    Know your opponent,   5:04 – 6:22

Part 6/6 – Initial Trend and the Entry
1)    Further discuss of the Initial Trend reading,   0:00 – 2:14
2)    An Initial Trend example on a Triangle pattern,   2:15 – 4:37
3)    Profit Targets,   4:38 – 5:27
4)    Back to the first Triangle pattern example,   5:28 – 6:35

 


-For the third year, Interbank FX’s steady growth is recognized by Utah Business magazine’s Fast 50 program-

SALT LAKE CITY, UT, August 26, 2010— Interbank FX, a worldwide provider of online off-exchange retail foreign currency (forex) trading services, has been named the fifth fastest growing company by Utah Business magazine’s Fast 50 awards program. Despite current economic conditions, Interbank FX has continued to see growth, generating $38.3 million in revenue with a trading volume of $342 billion in 2009.

“Achieving the number 5 spot in this year’s Fast 50 program is a tremendous honor and is a tribute to our over 175 hard working employees, without whom none of this would be possible,” said Todd Crosland, Chairman and President of Interbank FX. “We are committed to expanding our technology, trading services and tools—continuing our momentum as we span the globe. We thank the Utah business community for recognizing our efforts.”

Throughout 2010, Interbank FX’s strong commitment to customers has allowed continued achievement. With customers in over 140 countries reaching a total of over 35,000 customer accounts, Interbank FX sustains and delivers transaction transparency through competitive spreads, 100% automated execution and smart routing to world money center banks. Future plans include opening its sister company, IBFX Australia beginning September 1, 2010.

“Utah Business magazine is proud to honor Interbank FX in the Fast 50 program, which honors Utah’s fastest-growing and top revenue-generating companies. Interbank FX, which made the number five spot on the Fast 50 list, deserves recognition for the strength it brings to Utah’s business community,” says Sarah Ryther-Francom, managing editor of Utah Business magazine. The Utah Fast 50 program was designed to recognize companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth. Other quality contenders at this year’s event included ZAGG, Inc. and SkullCandy, respectively.

To learn more about Interbank FX or to open a free forex demo account, visit www.IBFX.com.

About Interbank FX

Headquartered in Salt Lake City, UT, USA, Interbank FX is a global leader in the forex technology industry, providing transaction transparency and improving industry standards for foreign exchange. Interbank FX’s forex trading services offer individual traders, money managers and institutional customer’s proprietary technology, tools and education to trade spot foreign currency online. Built by traders, for traders, Interbank FX has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here.

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SALT LAKE CITY, UT, USA—August 25, 2010— IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (forex) broker Interbank FX LLC, announced today the opening of its Australian subsidiary, IBFX Australia Pty. IBFX Australia Pty. Ltd. has obtained a license with the Australian Securities and Investments Commission (ASIC) and will offer comprehensive services for retail and institutional customers beginning September 1, 2010.

“I am eager and confident as we launch our Australian offering, furthering our global expansion,” said Todd Crosland, chairman and president of IBFX Holdings LLC. “Our ASIC registration will allow us to continue to deliver world class technology solutions and exemplary customer experience to retail traders worldwide.”

Located in the heart of downtown Sydney, IBFX Australia Pty. Ltd plans to follow in the footsteps of its sister company, providing transaction transparency and improving industry standards for foreign exchange.

“We bring with us to Australia our transparent business model and focus on customer care, something we feel sets us apart from competitors,” said Crosland. “As always, we find it vital to provide the best possible trading experience for our customers. That’s how we want do business. That’s our culture. That’s our technology.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology. For more information about IBFX Australia Pty. Ltd please visit www.ibfx.com.

About IBFX Holdings LLC

Headquartered in Salt Lake City, UT, USA, IBFX Holdings LLC is the parent of the Interbank FX group of companies; including Interbank FX LLC, Interbank FX UK Ltd. and IBFX Australia Pty. Ltd. Interbank FX LLC is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. Interbank FX LLC has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX LLC is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Futures Commission Merchant.

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here: http://www.ibfx.com/Legal/RiskWarning.aspx.

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-During the recession, Interbank FX has generated $38.3 million in revenue with a trading volume of $342 billion for calendar year 2009-

Salt Lake City, August 25, 2010— Interbank FX (IBFX.com), a provider of online off exchange retail foreign currency (Forex trading), was named to Inc. magazine's renowned Inc. 5000 this year, once again recognized for its continued growth. The list represents the most comprehensive look at the most important segment of the economy— including America’s independent-minded entrepreneurs. Interbank FX placed an impressive 1,740th on the coveted list of 5,000.

"It is an honor to be recognized again this year for such a prestigious award among such an elite group of U.S. businesses,” said Todd Crosland, Chairman and President of Interbank FX. “This is a tremendous validation of our team here at Interbank FX as we continue to uphold the upmost integrity and transparency for our customers. We continue to progress globally despite the economy, and are on track to continue that trend moving forward. With our Australian office opening early September and the expansion of our white label business, Interbank FX’s growth will continue to surpass expectations.”

In total, the companies on the Inc. 5000 have created 1.4 million jobs. The Health sector is the top employer with 287,726 jobs, followed by Business Products & Services (230,066), Food & Beverage (108,344), Human Resources (107,924), and Retail (96,858). Business Products & Services had the most companies on this year’s list with 640, followed by IT Services (607), Advertising & Marketing (410), Health (396), and Government Services (336). Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

Interbank FX will be featured in the September issue of Inc. magazine, on newsstands Aug. 17.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

About Interbank FX

Headquartered in Salt Lake City, UT, USA, Interbank FX is a global leader in the forex technology industry, providing transaction transparency and improving industry standards for foreign exchange. Interbank FX’s Forex trading services offer individual traders, money managers and institutional customer’s proprietary technology, tools and education to trade spot foreign currency online. Built by traders, for traders, Interbank FX has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found at http://www.ibfx.com/legal/riskwarning.aspx.

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Raghee Horner
May 13, 2010 
Understanding the GRaB Chart Webinar

Part 1/4 – Market Cycles, GRaB, and the 34EMA Wave
1)    Forex Disclaimer,   0:00 – 0:18
2)    What we will talk about today,   0:19 – 1:18
3)    Discussion about charts and ways to read them,   1:19 – 3:31
4)    Setting up the 34 EMA Wave on a chart ,   3:22 – 4:37
5)    The Look Back of a 1 hour chart,   4:38 – 5:00
6)    Reading the Wave within the Look Back,   5:01 – 5:42
7)    The Look Back of a 30 minute chart and reading the Wave,   5:43 – 7:35
8)    About the GRaB Candles,   7:36 – 8:28

Part 2/4 – Visual Market Trend Analysis with the GRaB Indicator
1)    Adding the GRaB Candles to your chart,   0:00 – 1:10
2)    More analysis of the 30 minute chart,   1:11 – 3:25
3)    How the GRaB helps you see the market cycle more clearly,   3:26 - 5:49
4)    I used to look at bar charts, and why I use a candle stick chart now,   5:50 – 7:05
5)    The Wave plus the GRaG Candles tells a much clearer story,   7:06 – 9:41

Part 3/4 – Market Cycles
1)    How I developed my Look Back theory and why it’s important,   0:00 – 4:40
2)    5 minute Look Back is 2 days,   4:41 – 5:07
3)    15 Minute Look Back is 3-5 days,   5:08 – 7:20
4)    30 Minute Look Back is 7-10 days,   7:21 – 7:35
5)    1 hour Look Back is 2 weeks,   7:36 – 8:55
6)    4 hour Look Back is 6-8 weeks,   8:56 – 9:26
7)    Daily Look Back is 1 year (52 weeks),   9:27 – 10:14

Part 4/4 – Fibonacci-based Exponential Moving Averages
1)    About the 34 EMA wave and the Lazy Days Lines,   0:00 – 6:04
2)    The settings of the Lazy Days Lines and how I created them,   6:05 – 8:30
3)    Internal Psychology - Comprehension, Confirmation, Confidence ,   8:31 – 10:23

 


The most common mistake made while trying to login to an account is selecting an incorrect server.
The Interbank FX Trader 4 trading platform has 6 choices for live accounts and 2 choices for demo accounts.

You can verify your server choice on the login screen. To see the login screen go to FILE, then to LOGIN.  The third field on the login screen is where the server is entered; make sure you have chosen the correct server.  If you are not sure which server to chose, we are happy to help, just give us a call.

The second most common reason for not being able to login to your account is using an incorrect password.   It is important to note the password for your trading account is NOT the same as the password you created for your My Interbank FX online account.

For more Platform Tips and Tricks, click here.


**Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Our complete risk disclaimer can be found here:  http://www.ibfx.com/Legal/RiskWarning.aspx


Hi All,

We wanted to acknowledge a little super star around Interbank FX... enjoy!

Salt Lake City, Utah, August 17, 2010 – Ben Crosland and the Interbank FX Mustang shined for Team RaceWithRP.com by earning pole position for both races, leading with the most laps on way tosecond and first place finishes.

“I had the car the weekend before the race, and JD (Jim Daniels) had the car hooked up,” said 17 year old Ben Crosland. “In race one with a few laps to go, I was running a wide arch in the keyhole and the 68 car got a bit inside me. He was in my blind spot and really did not have the turn. We touched and that ended my shot at the win in class and third overall. I finished second and tried to keep my composure.”

Crosland feels the team is behind the car’s remarkable success in round two, as they worked tirelessly to ensure the car was at peak performance. On one restart, Crosland found himself bottled up behind a TC Honda and had to lift. That let the 68 car pass by easily. However, racing luck was on his side because the 68 car got held up by traffic with two laps to go, allowing Crosland to pass by and regain the lead.

“The car surpassed my expectations and the team deserves all the credit for that,” said Crosland. “What an exciting race, I cannot wait for the next one!”

The success of the World Challenge weekend comes after three Podium finishes for Crosland this year in the Mustang Challenge series. Crosland took 3rd at VIR, 3rd at Mid Ohio and took first place at New Jersey.

RaceWithRP.com prepares and campaigns Mustangs for three series out of their shops at Miller Motorsports Park. The team also builds and races several other vehicles including Mazda products and sports racers. Winter testing is done in Houston TX making their effort a year round cycle. Owners Ron & Paula Baker have several national titles to their name as drivers and team owners. Team coach and media director, Jim Daniels, also has several titles to his credit including winning the MX5 Cup Championship with this same team. The team also founded www.RacingMustangs.com a new venture to align racers of Mustangs with like minded owners and enthusiasts.


Raghee Horner
May 6, 2010 
Introduction to Power Stats Webinar

Part 1/5 – http://www.youtube.com/user/InterbankFXvideos#p/u/9/iDac6y8cdJQ
1)    Forex Disclaimer,   0:00 – 0:07
2)    What is my edge? Time and Volatility,   0:08 -  1:05
3)    An overview of the Power Stats tool,   1:06 – 1:40
4)    The back story of Power Stats, how I was introduced to this tool,   1:41 – 6:20
5)    Why there should be different expectations for risk and reward depending upon when you are actually trading,   6:21 – 9:13
    a.    Who is involved in the Forex markets

Part 2/5 – http://www.youtube.com/user/InterbankFXvideos#p/u/8/W1LKOfg5VF8
1)    More back story on the Power Stats tool,   0:00 – 2:55
2)    Risk management and trade expectations can be better understood with Power Stats,   2:56 – 9:49

Part 3/5 – http://www.youtube.com/user/InterbankFXvideos#p/u/7/nyyjtqSPJrY
1)    Using Power Stats to identify volatility,   0:00 – 9:35

Part 4/5 – http://www.youtube.com/user/InterbankFXvideos#p/u/5/BKA_AYzRHSQ
1)    Measuring price movements,   0:00 – 2:15
2)    Price range breakdown by time frame,   2:16 – 9:54

Part 5/5 – http://www.youtube.com/user/InterbankFXvideos#p/u/6/CHv50NXK5ME
1)    Examining individual pairs and their daily rhythm,   0:00 – 0:45
2)    Looking at the EURUSD,   0:46 – 1:40
3)    Looking at the GBPUSD,   1:41 – 4:30
4)    Looking at the GBPJPY,   4:31 – 5:25
5)    Looking at the GBPCHF,   5:26 – 7:34
    a.    Who is awake?
    b.    Who cares?
    c.    Who is concerned?
6)    Looking at the USDJPY,   7:35 – 9:50
7)    Looking at the EURJPY,   9:50 – 10:03

 

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Read the full risk disclaimer and privacy policy on trading Forex online.

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