ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
Forex Calculators. Forex Calculator. Forex Calculator. Der Devisenrechner bietet umfassende Informationen zur Analyse von Handelspositionen und deren Simulation, er ist basiert auf Echtzeitkursen. Eingabeparameter sind das Währungspaar, die Kontraktgröße, die Basiswährung, der Hebel, allfällige Provisionen und Rollovers. Der Rechner ermöglicht den Vergleich von Dukascopy ... / Calculators / Forex ROI Calculator. Forex ROI Calculator. October 14, 2020 by Fxigor. Share Tweet. Below is forex return of investment calculator: ROI in trading represents the benefit of an investment that is divided by the invested money cost. If the trader invested $1000 in his account, he made a $400 profit, then the return of investment in trading would be $400/$1000=0.4 or 40%. Author ... Forex Data & Tools. Powered by Dukascopy Bank. Market News. On-line Forex Chart Market News Dukascopy TV Economic Calendar Daily High / Low Movers & Shakers Forex SWFX Sentiment Index Pivot Point Levels COT Charts Forex Calculator National Holidays Calendar Historical Data Export Currency Converter SWFX Widget Overnight Swaps Margin Requirements Average Spreads Currency Index Intraday Movers ... To deliver its services to Forex market, “Dukascopy” Bank Group uses SWFX system – Swiss FX Marketplace, Dukascopy ECN and officially registered “Dukascopy” trade mark. JForex terminal (written with Java technology) provides you with a set of the instruments in order to increase a speed of the orders execution to the maximum level. The broker’s customers have a possibility to trade ... Dukascopy is one of the largest retail brokers in the world and one of the oldest ECNs available to retail clients. However, it is good to know that it also offers its services to institutional clients. In addition to the MetaTrader 4 platform, it also offers its own version Java-based platform – JForex. The broker is generally regarded as very reliable, fair and relatively cheap. The ... Forex Trading: Attractive spreads (base spread for EUR/USD 0.2 pip, GBP/USD 0.5 pip), ECN Online FX Trading by Swiss Forex Broker; One Hundred Million at One Click. Forex Calculators. Forex Calculator. Forex Calculator . Forex calculator offers comprehensive information on hypothetical trade. The input parameters include currency pair, contract size, account currency, leverage, commissions, spread and rollovers. Additionally, the users of the calculator can compare Dukascopy rollovers with rollovers of other Forex intermediaries. For a detailed ... Forex Calculators. Forex Calculator. Forex Calculator. The Forex calculator offers comprehensive information on hypothetical trade. The input parameters include currency pair, contract size, account currency, leverage, commissions, spread and rollovers. Additionally, users of the calculator can compare Dukascopy rollovers with rollovers of other Forex intermediaries. Disclaimer: Please beware ... Founded in 1998, Dukascopy is an online forex & CFD broker headquartered in Geneva, Switzerland. They have 2 subsidiaries operating in the online trading space: Dukascopy Europe IBS AS based in Latvia and Dukascopy Japan K.K. based out of Tokyo. The two subsidiaries are regulated by the financial regulators in their respective countries, and trading conditions therefore vary depending on which ...
Dukascopy TV is a informational project for delivering high quality currency market analysis in a video stream right on your computer's screen. Dukascopy wit... Sign in to like videos, comment, and subscribe. Sign in. Watch Queue Queue CLICK HERE FOR MORE INFO: https://rebrand.ly/forex33 And start earning in the Forex Market Now! In our expanding international business atmosphere, there are... Dukascopy Bank offers a unique and transparent Forex Trading Solution based on two main principles. These two values are the core of the ECN-Marketplace technology: Equal trading rights. All ... Learn This Here Now: https://bit.ly/3acAmSB - Not known Factual Statements About Position Size Calculator :: Dukascopy Bank SA - Swiss Forex Partner Center D... See Here: https://bit.ly/2BwX372 - Examine This Report about Position Size Calculator :: Dukascopy Bank SA - Swiss Forex With just a reasonably small prelimi... Click The Following Link: https://bit.ly/3eTJXhD - Position Size Calculator :: Dukascopy Bank SA - Swiss Forex for Dummies Partner Center Find a Broker Now t... The program reviews the most popular technical indicators and compares their performance against the background of the interbank sentiments. The report is ma... Latest version of the Daily Economic Calendar. Broadcast every day from the Dukascopy TV Centre, the calendar is a comprehensive schedule of news likely to b... Video courses on Interactive Brokers and Dukascopy forex trading double soon copy by Bryan Downing. 6:10. New automated algo forex trading lessons for Jan 8 by Bryan Downing. 31:04 . Questions and ...