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.
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News Currency Forex Trading Platform provided on-line by Dukascopy.com All trading related information on the Dukascopy website is not intended to solicit residents of Belgium, Israel, Russian Federation and Canada (including Québec). In general, this website is ... The pivot level, support and resistance levels calculated from those prices are collectively known as pivot levels. The Pivot is the point around which market moves Every day, the market you are following has an open, high, low and closing price for the day (some markets, such as the Forex market, are open 24 hours, but we generally use midnight GMT (Greenwich Mean Time) as the open and close ... Is Dukascopy or IronFX better in providing the trading instruments? It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Forex Broker Ein umfassendes Verzeichnis aller führenden Forex Broker. Sie können die Filter auf der linken Seite verwenden, um die genauen Suchergebnisse in Sekunden zu finden. CFD/Forex Margin Calculator; Pivot Points Calculator; Carry Trade Calculator; Warnings; Homepage > Forex Brokers > Dukascopy Bank. Dukascopy Bank. Go to website. Company : Dukascopy Bank SA: Website : www.dukascopy.com: Broker type : ECN: Minimum deposit : 5000 USD: Regulations : MiFID, FINMA, FKTK: Discount -Add review View reviews (3) Ask a question View forum (0) Average rating View ratings ... All variables considered Dukascopy finished in 4th place Overall (out of 30 brokers) in our 2020 Review, earning its spot among the highest-rated forex brokers in the industry. About Dukascopy . In 1998, mathematician Dr. Andre Duka founded Dukascopy Trading Technologies Corp, which led to the development of the Dukascopy trading platform in ... Dukascopy Forex Broker - View detailed trading information for Dukascopy and read reviews of Dukascopy by other trader's. Forex Brokers Broker Comparison Forex Spreads Forex Swaps Forex Volumes Forex Bonuses Stock Market Hours Stock Market Holidays Forex Tools Articles Binary Brokers
Forex Course 101: How to trade Pivot Points in an Uptrend ...
Ver Artículo Completo en BrokersForex10: http://brokersforex10.com/dukascopy/ ¡SUSCRIBETE!: https://www.youtube.com/channel/UCMYSUxGwK8FFsQOOQJ-ZaAA Fa... In the end, we observe a completely legal fraud originating from DukasCopy in relation to the forex trader, as the agreement gives DukasKopi the opportunity to withdraw the funds from the forex ... Forex Course 101: How to Trade Support and Resistance in a Sideways Channel Dukascopy Webinars ... Trading Support / Resistance / Pivot Points 4. Trading Consolidation 5. Trading Japanese ... ️ Live Proof 100 $ Se Unlimited Earning Daily Forex Trading In India Heyy Traders, In Today's Video, we will see live proof how i did Intraday trading from just 100$ in Forex Market. Is It ... Forex Course 101: How to trade Pivot Points in an Uptrend Dukascopy Webinars. Loading... Unsubscribe from Dukascopy Webinars? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 2.12K ... SEE MORE at the Dukascopy ... How To Trade Pivot Points In The Futures And Forex Markets - Duration: 39:30. I Am A Day Trader 44,610 views. 39:30. Anton Kreil Annihilates Retail Brokers and ... Trading in the forex market is quite basic. All currency is done in pairs because one needs to convert a specific currency to another. Each currency has a set value or price and this can be ...