IBFX University will impart volumes of trading knowledge and tactics - absolutely free
Salt Lake City, June 11, 2007 — Anyone testing the waters of currency trading now has one more reason to get their feet wet.
IBFX, an online provider of off-exchange retail foreign currency trading (forex), has just released the newest addition to the forex family – IBFX University (IBFX-U). The concept, which is a first for the forex industry, is intended to give both novice and expert traders additional educational resources for trading at no additional charge.
"IBFX levels the playing field for forex traders," said Todd Crosland, president and CEO of IBFX. "The next logical evolution in our model is IBFX-U, where we provide forex trading tools and education for free, which typically cost hundreds or thousands of dollars."
The online university currently only offers text and PDF collateral; however future plans include video, audio and flash collateral covering everything from the basics of the forex market to technical and fundamental analysis and various trading strategies. IBFX also provides its traders with an online forum, IBFX PRS—free chart pattern and recognition software and convenient IBFX credit and debit cards.
Throughout IBFX-U users will encounter information about the risks associated with forex trading. Like any other investment vehicle, the great potential for success is matched by an equal potential for loss. IBFX recommends beginning traders practice with an IBFX demo account until they learn how to trade profitably. The demo account allows novice traders the ability to trade in real-time, minimizing any risk of loss.
IBFX-U is live now at www.ibfxu.com.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX.com) 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 proprietary tools and services and focus on customer care. This has led to 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 over 27,000 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. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.