Top 10 Best ECN Forex Brokers for Scalping 2020

ECN Forex Brokers UK with Metatrader 5 Trading Platform

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/r/worldnews [removed] Home :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform

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1. Regulated Forex Scams? You Bet

Yes, Regulated Forex Brokers Commit Scams

When one typically hears the phrase “forex scam” one automatically assumes that it is being perpetrated by an unlicensed or unregulated forex broker. For the most part, that assumption is correct. All you have to do is a quick google search and you will find numerous articles detailing reprehensible acts committed by unregulated forex and binary options brokers. However, there have been numerous instances of regulated forex brokers skirting the rules.

Not all regulated brokers are trustworthy

Unfortunately, there are numerous regulated forex brokers that have defrauded unsuspecting clientele as well. Last year on the CFTC slapped a $7 million fine on Forex Capital Markets (FXCM) in a civil monetary penalty for engaging in fraudulent and misleading solicitations, spanning from September 4, 2009, through at least 2014.
Additionally, the CFTC emphasized that FXCM had misrepresented that its ‘No Dealing Desk’ trading platform had no conflicts of interest with its clientele. Instead of running a true ECN execution platform where trades are performed directly in the interbank market, their clientele’s trades would be redirected to a Effex Capital LLC, which was originally designated to be an independent market maker but was, in reality, an extension of FXCM. Effex Capital would take very aggressive forex trades against the investors in order that they would lose and in return, FXCM would be the beneficiary of some very high kickbacks, which they received under the table from FXCM.

FXCM barred from the U.S.

Because of their duplicitous practices, the CFTC withdrew their regulation and FXCM was no longer allowed to service U.S. customers. Additionally, FXCM was caught by the FCA in yet another forex scam. They took away their investors’ positive swaps, causing them to only receive negative swaps. Surprisingly, the FCA did not remove their regulation.

Beware of OTCapital

OTCapital, forex broker regulated by ASIC has been swindling numerous investors. Broker Complaint Registry has received numerous complaints from those who have been victimized by their reprehensible practices. Complaints have ranged from not allowing clients to withdraw their earnings to never receiving a call back after they had deposited. Unfortunately, ASIC has not taken any action against OTCapital.

Protect yourself from a forex scam

Before you deposit money with a broker you must first make sure that the broker is regulated by an entity such as the CFTC, FCA, ASIC or the IIROC. Remember not all regulatory bodies are created equal. For example, if the broker that you are interested in has only a CySEC (Cyprus) regulation it would be wise to steer clear. Although they have gotten tougher on rulebreakers, CySEC is still lax in numerous areas.
Additionally, do your research. This means reading reviews, looking at various forums, and so on. It is not enough that the broker you are interested in has a regulation. You must vet them.
If you have fallen victim to a cryptocurrency scam, send a complaint to at [[email protected]](mailto:[email protected]), and we will do our very best to get into contact with you as soon as we can to initiate your funds recovery process. Visit www.fundsrecovery247.com for more information or Contact - [email protected] com.
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Australian Platforms

Hey guys, im looking at getting into trading, I live in Australia and was seeing what platforms are best to use over here
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Arbitrage, HFT, Quant and Other Automatic Trading Strategies in FX | Finance Magnates

fintech #trading #algotrading #quantitative #quant

Challenges when implementing quant strategies in FX Lack of data availability in foreign exchange trading, when compared to equities, is one of the major obstacles in implementing quant strategies in FX. Since the Forex market is regarded as an over-the-counter (OTC) market and does not transact on a centralized exchange, there is little uniform data available. The FX ECNs only publish approximately 15% of their data while the rest of the market trades “in the dark”.
Only an estimated 6% of the market is covered by good quality data, and algos need to have data, such as volume traded per unit of time, in order to properly slice a large order into smaller pieces. Also, many traders underestimate the cost for quality data. You can get some of the historical tick by tick data dating back to 1992, but it will cost you tens of thousands of dollars.How to implement auto trading strategies on margin FX brokers’ platforms? So is it possible to implement alpha generation algorithms with .....
Continue reading at: https://www.financemagnates.com/analysis-retail-fx/arbitrage-hft-quant-and-other-automatic-trading-strategies-in-fx/
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Ekolfx Nasıl bir forex firması

Ekolfx Nasıl bir forex firması
Forex işlemlerinin avantajlarını aşağıda sizlere sıralıyoruz. EkolFx ile Platform üzerinde size sunulan döviz çiftleri, emtia ve CFD ürünler üzerinden 5 gün 24 saat işlem yapabilirsiniz. Global forex piyasası günlük 7.5 trilyon dolar işlem hacmiyle dünya hisse senedi ve bono piyasalarının toplamından daha büyüktür. Bu da manipülatif hareketlerden arınmış bir piyasa anlamına gelir.

EKOLFX FİRMASI İNCELEME *


Forex Reklam iletişim : [email protected]

Forex İnternet Reklam iletişim : [[email protected]](mailto:[email protected])

EkolFx ile forex Piyasasında hem yükselen hem düşen fiyat hareketleri üzerinden alım ya da satım işlemleri yaparak kazanç sağlamak mümkündür. EkolFx Yatırımcılarımıza sunduğumuz dar spread oranları ile yatırımlarınızı düşük maliyetlerle sürdürmenize imkan sağlar.

Ekolfx Vizyon ve Misyonu

EkolFx, güçlü bir üne sahip, yüksek teknolojili, güvenilir bir ECN brokeridir. Müşterilerimiz, 35 küresel dilde yüksek hızlı işlem yapabilmek için güvenli ve kullanıcı dostu bir çevrimiçi platformdan yararlanabilir ve fiyat grafiği analizi için pek çok yerleşik araca erişim sağlayabilir. Ekolfx En popüler ticaret platformu MetaTrader 4/5 hayranları da bunu kullanabilir. EkolFx ile alım satım yapmak demek: yüksek performanslı platform, düşük dalgalı spreadler, talep etmeden pazar uygulaması, profesyonel yardım ve özel analitik materyallere ve sinyallere erişim demektir.

EkolFx Hesap Türleri

EkolFx Standart/ Standart Swapsız hesap EkolFx Silve Silver Swapsız hesap EkolFx Gold/ Gold Swapsız hesap EkolFx Platinum/ Platinum Swapsız hesap EkolFx VIP/ VIP Swapsız hesap Ekolfx ECN hesap EkolFx Small/ Small Swapsız hesap

EkolFx Kaldıraç Oranları

EkolFX, forex piyasalarında yatırımcılarına 1:200’e varan kaldıraç oranları ile işlem yapabilme olanağı sağlamaktadır. Örneğin; 1:200 kaldıraç oranı kullanılarak 1.000 USD ile 200.000 USD’lik yatırım işlemi açabilirsiniz. EkolFx ile Tüm yatırımcılarımız piyasaları etkileyen gelişmeleri ve açıklanan ekonomik verileri anlık olarak piyasa analizleri sayfamızdan takip edebilir.
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Ekolfx.com Ekolfx web sitesi

Ekolfx.com Ekolfx web sitesi
Ekolfx.com , eğitimli ve ekol fx tecrübeli uzman kadrosuyla güncel teknoloji ile Ekolfx.com , donatılmış alt yapısı ve müşteri odaklı butik hizmet anlayışıyla hızlı ve güvenli bir şekilde tüm yatırımcılarına hizmet vermekten gurur duymaktadır.EkolFx Genç, dinamik ve ilerici bakış açımızla, güçlü finansal desteğimizi de arkamıza alarak yatırımcılarına benzersiz bir yatırım deneyimi sunmaktayız.
Forex Reklam iletişim : [email protected]

Forex Reklam iletişim : [[email protected]](mailto:[email protected])

Ekolfx Vizyon ve Misyonu

Ekolfx.com , güçlü bir üne sahip, yüksek ekol fx teknolojili, güvenilir bir ECN brokeridir. Ekolfx.com , Müşterilerimiz, 35 küresel dilde yüksek hızlı işlem yapabilmek için güvenli ve kullanıcı dostu bir çevrimiçi platformdan yararlanabilir ve fiyat grafiği analizi için pek çok yerleşik araca erişim sağlayabilir. Ekolfx.com , Ekolfx En popüler ticaret platformu MetaTrader 4/5 hayranları da bunu kullanabilir. EkolFx ile alım satım yapmak demek: yüksek performanslı platform, düşük dalgalı spreadler, talep etmeden pazar uygulaması, profesyonel yardım ve özel analitik materyallere ve sinyallere erişim demektir.

https://i.redd.it/21w9lr5vo4051.gif

Ekolfx Aracı Kurum Lisansı

Ekolfx.com EkolFx lisans olarak Uluslararası Finansal Piyasa İşlem Aracı Kurum Lisans Belgesi. IFMRRC tarafından verilmiştir ve düzenli olarak denetlenmektedir.
https://preview.redd.it/w6jvm3wxo4051.jpg?width=200&format=pjpg&auto=webp&s=6cde91ee56674d31cb23c582ef9ece0a34d130fc
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Ekolfx

Ekolfx
Ekolfx, Ekol Global Markets, Ekolfx, Finansal piyasaların en tecrübeli ve eğitimli kadrosu ile müşteri memnuniyetini teknolojik Ekolfx, altyapısıyla birleştirerek global piyasalarda kurumsal yönetim ilkelerini tamamen benimsemiş, sektör lideri olarak hizmet vermektir. Ekolfx, Çevrimiçi ECN brokeri EkolFx, müşterilerine yıllardan beri döviz, emtia ve borsada 1. Katman likiditesine erişim sağlıyor. Ekolfx, Tüm büyük döviz çiftleri ve çapraz kurlar, petrol, değerli metaller, borsa endeksleri, mavi fişler ve en büyük set cryptocurrency çiftleri EkolFx'te işlem görebilir.
EKOLFX SİTE GİRİŞİ ***
EkolFx, güçlü bir üne sahip, yüksek teknolojili, güvenilir bir ECN brokeridir. Ekolfx, Müşterilerimiz, 35 küresel dilde yüksek hızlı işlem yapabilmek için güvenli ve kullanıcı dostu bir çevrimiçi platformdan yararlanabilir ve Ekolfx, fiyat grafiği analizi için pek çok yerleşik araca erişim sağlayabilir. En popüler ticaret platformu MetaTrader 4/5 hayranları da bunu kullanabilir.

Forex Reklam iletişim : [email protected]

Forex Reklam iletişim : [[email protected]](mailto:[email protected])

EkolFx ile alım satım yapmak demek: yüksek performanslı platform, Ekolfx, düşük dalgalı spreadler, talep etmeden pazar uygulaması, profesyonel yardım ve özel analitik materyallere ve sinyallere erişim Ekolfx, demektir.

https://preview.redd.it/dfvzq1slf4051.jpg?width=200&format=pjpg&auto=webp&s=213a801f0b4ffd407873dd851f5960685c4dda55
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Why are Stock Brokers so bad at offering trading services??

So why are stockbrokers not doing much to offer good quality services and just being updated with the times. Forex industry so far ahead with client services despite being fairly new, why wont Stock brokers do the same.
1.Most Stock Brokers dont offer demo accounts, unlike with Forex brokers, you have to pay third party stocks simulator providers if you want to practice
2.The stock trading platforms offered by most brokers aint intuitive to use for first time users, they are clunky and and confusing.
3.They ask to pay for data and platform fee, forex brokers offer free. Gotta pay extra to acess OTC stocks market data and Level 2s, Pay for good charting software.
4.Have to pay for a stock screenescanner, or if offered free its not a very useful one. Also got to pay for News Access.
5.A whole bunch of fees and penalties, how can one make profit with so many much chirping on your account balance? Account fee, Margin fee, Margin Call fee, outgoing funds fee, hard to borrow short locate fees, Overnight Short Fee etc, ECN fee. Suretrader, was one of the worst example of this.
6.Usually cant get shares to short, or some brokers dont allow you to trade OTC Markets/Penny Stocks
Just a number of Pet Peeves I have with Stock Brokers, so frustrating trying to get in this type of trading and dealing with these brokerages.
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e-Forex Magazine | Execution Analytics - Helping FX trading firms to take more informed decisions

fintech #trading #algotrading #quantitative #quant #quants #hft ##markets #hedgefunds #fx #forex

e-Forex Magazine | Execution AnalyticsAnna Reitman On one level, the concept of measuring costs and trade quality supposes that there is a robust access to data that is both homogenous and accurate, said James Singleton, Chairman and CEO of Cürex Group, an ECN (electronic communication network). But in a credit sponsored market like FX, measuring costs can vary firm to firm.
On another level, he states, the measurement of cost and trade quality is impacted by the very trading environment and methods chosen by a trader. The impact of last look on an order, for example, is hard to capture. Moreover, the continued use of voice orders, single dealer platforms or RFQs can create market impact before a trade is even executed, which is often ignored or not calculated at all.
“The accurate measurement of costs and execution quality will remain difficult as long as FX market participants stick with past practices,” Singleton says. TCA provision itself has gone through an evolution. .....
Continue reading at: http://e-forex.net/articles/jan-2018-execution-analytics-helping-fx-trading-firms-to-take-more-informed-decisions.html
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Forex Fury trading robot

Forex Fury trading robot
Forex Fury is a forex robot application designed to automate trading through MetaTrader 4. The algorithm used by the platform was prepared after studying a number of relevant indicators. Under the platform deals open with a short expiration of time, making it appear as a Scalper.
  • type – an automatic robot;
  • type of trading – scalping;
  • trading terminal – Metatrader 4;
  • availability of technical support – yes;
  • forex steam for trading – GBPUSD;
  • timeframe – till M5.

Main Advantages of the Forex Robot

  • The downloadable file contains a manual for detailed settings, with descriptions attached for every methodology.
  • Advisors can be conveniently and informatively set, allowing users to immediately respond to market conditions and adjust the robot accordingly.
  • Can be installed on ECN Account types

https://preview.redd.it/8kvd28lop8i41.jpg?width=620&format=pjpg&auto=webp&s=1ebf7907cfedb881c98ad1fbf60331a78889aee9
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Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.
TL;DR - I will try and flip an account from $50 or less to $1,000 over 2019. I will post all my account details so my strategy can be seen/copied. I will do this using only three or four trading setups. All of which are simple enough to learn. I will start trading on 10th January.
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As I see it there are two mains ways to understand how to make money in the markets. The first is to know what the biggest winners in the markets are doing and duplicating what they do. This is hard. Most of the biggest players will not publicly tell people what they are doing. You need to be able to kinda slide in with them and see if you can pick up some info. Not suitable for most people, takes a lot of networking and even then you have to be able to make the correct inferences.
Another way is to know the most common trades of losing traders and then be on the other side of their common mistakes. This is usually far easier, usually everyone knows the mind of a losing trader. I learned about what losing traders do every day by being one of them for many years. I noticed I had an some sort of affinity for buying at the very top of moves and selling at the very bottom. This sucked, however, is was obvious there was winning trades on the other side of what I was doing and the adjustments to be a good trader were small (albeit, tricky).
Thus began the study for entries and maximum risk:reward. See, there have been times I have bought aiming for a 10 pip scalps and hit 100 pips stops loss. Hell, there have been times I was going for 5 pips and hit 100 stop out. This can seem discouraging, but it does mean there must be 1:10 risk:reward pay-off on the other side of these mistakes, and they were mistakes.
If you repeatedly enter and exit at the wrong times, you are making mistakes and probably the same ones over and over again. The market is tricking you! There are specific ways in which price moves that compel people to make these mistakes (I won’t go into this in this post, because it takes too long and this is going to be a long post anyway, but a lot of this is FOMO).
Making mistakes is okay. In fact, as I see it, making mistakes is an essential part of becoming an expert. Making a mistake enough times to understand intrinsically why it is a mistake and then make the required adjustments. Understanding at a deep level why you trade the way you do and why others make the mistakes they do, is an important part of becoming an expert in your chosen area of focus.
I could talk more on these concepts, but to keep the length of the post down, I will crack on to actual examples of trades I look for. Here are my three main criteria. I am looking for tops/bottoms of moves (edge entries). I am looking for 1:3 RR or more potential pay-offs. My strategy assumes that retail trades will lose most of the time. This seems a fair enough assumption. Without meaning to sound too crass about it, smart money will beat dumb money most of the time if the game is base on money. They just will.
So to summarize, I am looking for the points newbies get trapped in bad positions entering into moves too late. From these areas, I am looking for high RR entries.
Setup Examples.
I call this one the “Lightning Bolt correction”, but it is most commonly referred to as a “two leg correction”. I call it a “Lightning Bolt correction” because it looks a bit like one, and it zaps you. If you get it wrong.

https://preview.redd.it/t4whwijse2721.png?width=1326&format=png&auto=webp&s=c9050529c6e2472a3ff9f8e7137bd4a3ee5554cc
Once I see price making the first sell-off move and then begin to rally towards the highs again, I am waiting for a washout spike low. The common trades mistakes I am trading against here is them being too eager to buy into the trend too early and for the to get stopped out/reverse position when it looks like it is making another bearish breakout. Right at that point they panic … literally one candle under there is where I want to be getting in. I want to be buying their stop loss, essentially. “Oh, you don’t want that ...okay, I will have that!”
I need a precise entry. I want to use tiny stops (for big RR) so I need to be cute with entries. For this, I need entry rules. Not just arbitrarily buying the spike out. There are a few moving parts to this that are outside the scope of this post but one of my mains ways is using a fibs extension and looking for reversals just after the 1.61% level. How to draw the fibs is something else that is outside the scope of this but for one simple rule, they can be drawn on the failed new high leg.

https://preview.redd.it/2cd682kve2721.png?width=536&format=png&auto=webp&s=f4d081c9faff49d0976f9ffab260aaed2b570309
I am looking for a few specific things for a prime setup. Firstly, I am looking for the false hope candles, the ones that look like they will reverse the market and let those buying too early get out break-even or even at profit. In this case, you can see the hammer and engulfing candle off the 127 level, then it spikes low in that “stop-hunt” sort of style.
Secondly I want to see it trading just past my entry level (161 ext). This rule has come from nothing other than sheer volume. The amount of times I’ve been stopped out by 1 pip by that little sly final low has gave birth to this rule. I am looking for the market to trade under support in a manner that looks like a new strong breakout. When I see this, I am looking to get in with tiny stops, right under the lows. I will also be using smaller charts at this time and looking for reversal clusters of candles. Things like dojis, inverted hammers etc. These are great for sticking stops under.
Important note, when the lightning bolt correction fails to be a good entry, I expect to see another two legs down. I may look to sell into this area sometimes, and also be looking for buying on another couple legs down. It is important to note, though, when this does not work out, I expect there to be continued momentum that is enough to stop out and reasonable stop level for my entry. Which is why I want to cut quick. If a 10 pips stop will hit, usually a 30 pips stop will too. Bin it and look for the next opportunity at better RR.

https://preview.redd.it/mhkgy35ze2721.png?width=1155&format=png&auto=webp&s=a18278b85b10278603e5c9c80eb98df3e6878232
Another setup I am watching for is harmonic patterns, and I am using these as a multi-purpose indicator. When I see potentially harmonic patterns forming, I am using their completion level as take profits, I do not want to try and run though reversal patterns I can see forming hours ahead of time. I also use them for entering (similar rules of looking for specific entry criteria for small stops). Finally, I use them as a continuation pattern. If the harmonic pattern runs past the area it may have reversed from, there is a high probability that the market will continue to trend and very basic trend following strategies work well. I learned this from being too stubborn sticking with what I thought were harmonic reversals only to be ran over by a trend (seriously, everything I know I know from how it used to make me lose).

https://preview.redd.it/1ytz2431f2721.png?width=1322&format=png&auto=webp&s=983a7f2a91f9195004ad8a2aa2bb9d4d6f128937
A method of spotting these sorts of M/W harmonics is they tend to form after a second spike out leg never formed. When this happens, it gives me a really good idea of where my profit targets should be and where my next big breakout level is. It is worth noting, larger harmonics using have small harmonics inside them (on lower time-frames) and this can be used for dialling in optimum entries. I also use harmonics far more extensively in ranging markets. Where they tend to have higher win rates.
Next setup is the good old fashioned double bottoms/double top/one tick trap sort of setup. This comes in when the market is highly over extended. It has a small sell-off and rallies back to the highs before having a much larger sell-off. This is a more risky trade in that it sells into what looks like trending momentum and can be stopped out more. However, it also pays a high RR when it works, allowing for it to be ran at reduced risk and still be highly profitable when it comes through.

https://preview.redd.it/1bx83776f2721.png?width=587&format=png&auto=webp&s=2c76c3085598ae70f4142d26c46c8d6e9b1c2881
From these sorts of moves, I am always looking for a follow up buy if it forms a lightning bolt sort of setup.
All of these setups always offer 1:3 or better RR. If they do not, you are doing it wrong (and it will be your stop placement that is wrong). This is not to say the target is always 1:3+, sometimes it is best to lock in profits with training stops. It just means that every time you enter, you can potentially have a trade that runs for many times more than you risked. 1:10 RR can be hit in these sorts of setups sometimes. Paying you 20% for 2% risked.
I want to really stress here that what I am doing is trading against small traders mistakes. I am not trying to “beat the market maker”. I am not trying to reverse engineer J.P Morgan’s black boxes. I do not think I am smart enough to gain a worthwhile edge over these traders. They have more money, they have more data, they have better softwares … they are stronger. Me trying to “beat the market maker” is like me trying to beat up Mike Tyson. I might be able to kick him in the balls and feel smug for a few seconds. However, when he gets up, he is still Tyson and I am still me. I am still going to be pummeled.
I’ve seen some people that were fairly bright people going into training courses and coming out dumb as shit. Thinking they somehow are now going to dominate Goldman Sachs because they learned a chart pattern. Get a grip. For real, get a fucking grip. These buzz phrases are marketeering. Realististically, if you want to win in the markets, you need to have an edge over somebody.
I don’t have edges on the banks. If I could find one, they’d take it away from me. Edges work on inefficiencies in what others do that you can spot and they can not. I do not expect to out-think a banks analysis team. I know for damn sure I can out-think a version of me from 5 years ago … and I know there are enough of them in the markets. I look to trade against them. I just look to protect myself from the larger players so they can only hurt me in limited ways. Rather than letting them corner me and beat me to a pulp (in the form of me watching $1,000 drop off my equity because I moved a stop or something), I just let them kick me in the butt as I run away. It hurts a little, but I will be over it soon.
I believe using these principles, these three simple enough edge entry setups, selectiveness (remembering you are trading against the areas people make mistakes, wait for they areas) and measured aggression a person can make impressive compounded gains over a year. I will attempt to demonstrate this by taking an account of under $100 to over $1,000 in a year. I will use max 10% on risk on a position, the risk will scale down as the account size increases. In most cases, 5% risk per trade will be used, so I will be going for 10-20% or so profits. I will be looking only for prime opportunities, so few trades but hard hitting ones when I take them.
I will start trading around the 10th January. Set remind me if you want to follow along. I will also post my investor login details, so you can see the trades in my account in real time. Letting you see when I place my orders and how I manage running positions.
I also think these same principles can be tweaked in such a way it is possible to flip $50 or so into $1,000 in under a month. I’ve done $10 to $1,000 in three days before. This is far more complex in trade management, though. Making it hard to explain/understand and un-viable for many people to copy (it hedges, does not comply with FIFO, needs 1:500 leverage and also needs spreads under half a pip on EURUSD - not everyone can access all they things). I see all too often people act as if this can’t be done and everyone saying it is lying to sell you something. I do not sell signals. I do not sell training. I have no dog in this fight, I am just saying it can be done. There are people who do it. If you dismiss it as impossible; you will never be one of them.
If I try this 10 times with $50, I probably am more likely to make $1,000 ($500 profit) in a couple months than standard ideas would double $500 - I think I have better RR, even though I may go bust 5 or more times. I may also try to demonstrate this, but it is kinda just show-boating, quite honestly. When it works, it looks cool. When it does not, I can go bust in a single day (see example https://www.fxblue.com/users/redditmicroflip).
So I may or may not try and demonstrate this. All this is, is just taking good basic concepts and applying accelerated risk tactics to them and hitting a winning streak (of far less trades than you may think). Once you have good entries and RR optimization in place - there really is no reason why you can not scale these up to do what may people call impossible (without even trying it).
I know there are a lot of people who do not think these things are possible and tend to just troll whenever people talk about these things. There used to be a time when I’d try to explain why I thought the way I did … before I noticed they only cared about telling me why they were right and discussion was pointless. Therefore, when it comes to replies, I will reply to all comments that ask me a question regarding why I think this can be done, or why I done something that I done. If you are commenting just to tell me all the reasons you think I am wrong and you are right, I will probably not reply. I may well consider your points if they are good ones. I just do not entering into discussions with people who already know everything; it serves no purpose.

Edit: Addition.

I want to talk a bit more about using higher percentage of risk than usual. Firstly, let me say that there are good reasons for risk caps that people often cite as “musts”. There are reasons why 2% is considered optimum for a lot of strategies and there are reasons drawing down too much is a really bad thing.
Please do not be ignorant of this. Please do not assume I am, either. In previous work I done, I was selecting trading strategies that could be used for investment. When doing this, my only concern was drawdown metrics. These are essential for professional money management and they are also essential for personal long-term success in trading.
So please do not think I have not thought of these sorts of things Many of the reasons people say these things can’t work are basic 101 stuff anyone even remotely committed to learning about trading learns in their first 6 months. Trust me, I have thought about these concepts. I just never stopped thinking when I found out what public consensus was.
While these 101 rules make a lot of sense, it does not take away from the fact there are other betting strategies, and if you can know the approximate win rate and pay-off of trades, you can have other ways of deriving optimal bet sizes (risk per trade). Using Kelly Criterion, for example, if the pay-off is 1:3 and there is a 75% chance of winning, the optimal bet size is 62.5%. It would be a viable (high risk) strategy to have extremely filtered conditions that looked for just one perfect set up a month, makingover 150% if it was successful.
Let’s do some math on if you can pull that off three months in a row (using 150% gain, for easy math). Start $100. Month two starts $250. Month three $625. Month three ends $1,562. You have won three trades. Can you win three trades in a row under these conditions? I don’t know … but don’t assume no-one can.
This is extremely high risk, let’s scale it down to meet somewhere in the middle of the extremes. Let’s look at 10%. Same thing, 10% risk looking for ideal opportunities. Maybe trading once every week or so. 30% pay-off is you win. Let’s be realistic here, a lot of strategies can drawdown 10% using low risk without actually having had that good a chance to generate 30% gains in the trades it took to do so. It could be argued that trading seldomly but taking 5* the risk your “supposed” to take can be more risk efficient than many strategies people are using.
I am not saying that you should be doing these things with tens of thousands of dollars. I am not saying you should do these things as long term strategies. What I am saying is do not dismiss things out of hand just because they buck the “common knowns”. There are ways you can use more aggressive trading tactics to turn small sums of money into they $1,000s of dollars accounts that you exercise they stringent money management tactics on.
With all the above being said, you do have to actually understand to what extent you have an edge doing what you are doing. To do this, you should be using standard sorts of risks. Get the basics in place, just do not think you have to always be basic. Once you have good basics in place and actually make a bit of money, you can section off profits for higher risk versions of strategies. The basic concepts of money management are golden. For longevity and large funds; learned them and use them! Just don’t forget to think for yourself once you have done that.

Update -

Okay, I have thought this through a bit more and decided I don't want to post my live account investor login, because it has my full name and I do not know who any of you are. Instead, for copying/observing, I will give demo account login (since I can choose any name for a demo).
I will also copy onto a live account and have that tracked via Myfxbook.
I will do two versions. One will be FIFO compliant. It will trade only single trade positions. The other will not be FIFO compliant, it will open trades in batches. I will link up live account in a week or so. For now, if anyone wants to do BETA testing with the copy trader, you can do so with the following details (this is the non-FIFO compliant version).

Account tracking/copying details.

Low-Medium risk.
IC Markets MT4
Account number: 10307003
Investor PW: lGdMaRe6
Server: Demo:01
(Not FIFO compliant)

Valid and Invalid Complaints.
There are a few things that can pop up in copy trading. I am not a n00b when it comes to this, so I can somewhat forecast what these will be. I can kinda predict what sort of comments there may be. Some of these are valid points that if you raise I should (and will) reply to. Some are things outside of the scope of things I can influence, and as such, there is no point in me replying to. I will just cover them all here the one time.

Valid complains are if I do something dumb or dramatically outside of the strategy I have laid out here. won't do these, if I do, you can pitchfork ----E

Examples;

“Oi, idiot! You opened a trade randomly on a news spike. I got slipped 20 pips and it was a shit entry”.
Perfectly valid complaint.

“Why did you open a trade during swaps hours when the spread was 30 pips?”
Also valid.

“You left huge trades open running into the weekend and now I have serious gap paranoia!”
Definitely valid.

These are examples of me doing dumb stuff. If I do dumb stuff, it is fair enough people say things amounting to “Yo, that was dumb stuff”.

Invalid Complains;

“You bought EURUSD when it was clearly a sell!!!!”
Okay … you sell. No-one is asking you to copy my trades. I am not trading your strategy. Different positions make a market.

“You opened a position too big and I lost X%”.
No. Na uh. You copied a position too big. If you are using a trade copier, you can set maximum risk. If you neglect to do this, you are taking 100% risk. You have no valid compliant for losing. The act of copying and setting the risk settings is you selecting your risk. I am not responsible for your risk. I accept absolutely no liability for any losses.
*Suggested fix. Refer to risk control in copy trading software

“You lost X trades in a row at X% so I lost too much”.
Nope. You copied. See above. Anything relating to losing too much in trades (placed in liquid/standard market conditions) is entirely you. I can lose my money. Only you can set it up so you can lose yours. I do not have access to your account. Only mine.
*Suggested fix. Refer to risk control in copy trading software

“Price keeps trading close to the pending limit orders but not filling. Your account shows profits, but mine is not getting them”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
* Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Buy limit orders will need to move up a little. Sell limit orders should not need adjusted.

“I got stopped out right before the market turned, I have a loss but your account shows a profit”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Stop losses on sell orders will need to move up a bit. Stops on buy orders will be fine.

“Your trade got stopped out right before the market turned, if it was one more pip in the stop, it would have been a winner!!!”
Yeah. This happens. This is where the “risk” part of “risk:reward” comes in.

“Price traded close to take profit, yours filled but mines never”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
(Side note, this should not be an issue since when my trade closes, it should ping your account to close, too. You might get a couple less pips).
*** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Take profits on buys will need to move up a bit. Sell take profits will be fine.

“My brokers spread jumped to 20 during the New York session so the open trade made a bigger loss than it should”.
Your broker might just suck if this happens. This is brokerage. I have no control over this. My trades are placed to profit from my brokerage conditions. I do not know, so can not account for yours. Also, if accounting for random spread spikes like this was something I had to do, this strategy would not be a thing. It only works with fair brokerage conditions.
*Suggested fix. Do a bit of Googling and find out if you have a horrific broker. If so, fix that! A good search phrase is; “(Broker name) FPA reviews”.

“Price hit the stop loss but was going really fast and my stop got slipped X pips”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
If my trade also got slipped on the stop, I was slipped using ECN conditions with excellent execution; sometimes slips just happen. I am doing the most I can to prevent them, but it is a fact of liquidity that sometimes we get slipped (slippage can also work in our favor, paying us more than the take profit would have been).

“Orders you placed failed to execute on my account because they were too large”.
This is brokerage. I have no control over this. Margin requirements vary. I have 1:500 leverage available. I will not always be using it, but I can. If you can’t, this will make a difference.

“Your account is making profits trading things my broker does not have”
I have a full range of assets to trade with the broker I use. Included Forex, indices, commodities and cryptocurrencies. I may or may not use the extent of these options. I can not account for your brokerage conditions.

I think I have covered most of the common ones here. There are some general rules of thumb, though. Basically, if I do something that is dumb and would have a high probability of losing on any broker traded on, this is a valid complain.

Anything that pertains to risk taken in standard trading conditions is under your control.

Also, anything at all that pertains to brokerage variance there is nothing I can do, other than fully brief you on what to expect up-front. Since I am taking the time to do this, I won’t be a punchbag for anything that happens later pertaining to this.

I am not using an elitist broker. You don’t need $50,000 to open an account, it is only $200. It is accessible to most people - brokerage conditions akin to what I am using are absolutely available to anyone in the UK/Europe/Asia (North America, I am not so up on, so can’t say). With the broker I use, and with others. If you do not take the time to make sure you are trading with a good broker, there is nothing I can do about how that affects your trades.

I am using an A book broker, if you are using B book; it will almost certainly be worse results. You have bad costs. You are essentially buying from reseller and paying a mark-up. (A/B book AKA ECN/Market maker; learn about this here). My EURUSD spread will typically be 0.02 pips or so, if yours is 1 pip, this is a huge difference.
These are typical spreads I am working on.

https://preview.redd.it/yc2c4jfpab721.png?width=597&format=png&auto=webp&s=c377686b2485e13171318c9861f42faf325437e1


Check the full range of spreads on Forex, commodities, indices and crypto.

Please understand I want nothing from you if you benefit from this, but I am also due you nothing if you lose. My only term of offering this is that people do not moan at me if they lose money.

I have been fully upfront saying this is geared towards higher risk. I have provided information and tools for you to take control over this. If I do lose people’s money and I know that, I honestly will feel a bit sad about it. However, if you complain about it, all I will say is “I told you that might happen”, because, I am telling you that might happen.

Make clear headed assessments of how much money you can afford to risk, and use these when making your decisions. They are yours to make, and not my responsibility.

Update.

Crazy Kelly Compounding: $100 - $11,000 in 6 Trades.

$100 to $11,000 in 6 trades? Is it a scam? Is it a gamble? … No, it’s maths.

Common sense risk disclaimer: Don’t be a dick! Don’t risk money you can’t afford to lose. Do not risk money doing these things until you can show a regular profit on low risk.
Let’s talk about Crazy Kelly Compounding (CKC). Kelly criterion is a method for selecting optimal bet sizes if the odds and win rate are known (in other words, once you have worked out how to create and assess your edge). You can Google to learn about it in detail. The formula for Kelly criterion is;
((odds-1) * (percentage estimate)) - (1-percent estimate) / (odds-1) X 100
Now let’s say you can filter down a strategy to have a 80% win rate. It trades very rarely, but it had a very high success rate when it does. Let’s say you get 1:2 RR on that trade. Kelly would give you an optimum bet size of about 60% here. So if you win, you win 120%. Losing three trades in a row will bust you. You can still recover from anything less than that, fairly easily with a couple winning trades.
This is where CKC comes in. What if you could string some of these wins together, compounding the gains (so you were risking 60% each time)? What if you could pull off 6 trades in a row doing this?
Here is the math;

https://preview.redd.it/u3u6teqd7c721.png?width=606&format=png&auto=webp&s=3b958747b37b68ec2a769a8368b5cbebfe0e97ff
This shows years, substitute years for trades. 6 trades returns $11,338! This can be done. The question really is if you are able to dial in good enough entries, filter out enough sub-par trades and have the guts to pull the trigger when the time is right. Obviously you need to be willing to take the hit, obviously that hit gets bigger each time you go for it, but the reward to risk ratio is pretty decent if you can afford to lose the money.
We could maybe set something up to do this on cent brokers. So people can do it literally risking a couple dollars. I’d have to check to see if there was suitable spreads etc offered on them, though. They can be kinda icky.
Now listen, I am serious … don’t be a dick. Don’t rush out next week trying to retire by the weekend. What I am showing you is the EXTRA rewards that come with being able to produce good solid results and being able to section off some money for high risk “all or nothing” attempts; using your proven strategies.
I am not saying anyone can open 6 trades and make $11,000 … that is rather improbable. What I am saying is once you can get the strategy side right, and you can know your numbers; then you can use the numbers to see where the limits actually are, how fast your strategy can really go.
This CKC concept is not intended to inspire you to be reckless in trading, it is intended to inspire you to put focus on learning the core skills I am telling you that are behind being able to do this.
submitted by inweedwetrust to Forex [link] [comments]

Why Trade with AVFX Capital

Why Trade with AVFX Capital
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What does No Slippage in Forex really mean? – Forex Markets Live

fintech #trading #algotrading #quantitative #quant #forex #fx #strategies #marketmaking

What does No Slippage in Forex really mean? – Forex Markets Live Slippage in Forex is when a non-limit order isn’t executed at the intended price. This is usually happening during times of high volatility and often during a news event. This would indicate a market condition and probably something that a Forex Broker has little control over. Then why do so many Forex Brokers make a claim they offer no slippage? No Slippage has become a marketable phrase used by brokers like ECN or STP.
In the United States, Forex Brokers are prohibited from claiming no slippage unless they can demonstrate that all orders on its platform were executed at the original price and no requotes were given. US Brokers are also prohibited from making any price adjustments ever if they want to make this claim. The fact that regulators in the US saw how much these claims were being made and instituted this rule back in 2012.
Some brokers are very transparent about slippage and the fact that they have little.....
Continue reading at: https://forexmarketslive.com/what-does-no-slippage-in-forex-really-mean/
submitted by silahian to quant_hft [link] [comments]

some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

Get Grinta-Invest Reviews

Get Grinta-Invest Reviews
Grinta-Invest started as fintech developer and now is a successful ECN Broker that provides the MetaTrader 4 forex trading top platform. Grinta-Invest offers over 5 spot forex currency pairs, commodities and indexes for your personal investment and trading options.
https://preview.redd.it/muc6r15zzjj31.jpg?width=1200&format=pjpg&auto=webp&s=0ef65138b3dcc8f5e984e33113b5c8787019bb23
submitted by Grintainvest to u/Grintainvest [link] [comments]

PointPay Banking solution

The myriads of features of the PointPay Banking solution includes, but no restricted to
  1. Cryptobanking. Issuance of cryptocredits to business and acceptance of crypto deposits through a personal account with a high level of privacy.
    1. Cryptocredit and cryptodebit cards. Pay with a credit card connected to VISA / MasterCard electronic payment networks and withdraw funds to it in any country of the world. Applications being developed will work in conjunction with the debit and credit cards issued. Guaranteed high security and acceptance of cards in almost any ATM in the world.
  2. Car loans for buying a car. Buy cars by issuing almost instant cryptocredits, which allows, on the one hand, making a contribution to cryptoeconomics, and on the other, improving the financing structure of a cryptobank and increasing crypto flows.
  3. Cryptocurrency mortgage. Buy your dream home taking a mortgage cryptocredit.
  4. Cryptocurrency deposits and savings accounts. PointPay Crypto Bank will not only keep your cryptocurrency safe, but will also let you to receive interest charges due to the existence of a cryptobank savings account that ensures a decent level of profitability.
  5. Buying and selling stocks in cryptocurrency. Buy and sell stocks of any companies directly from your smartphone using cryptocurrency. Excellent opportunity to expand the investment portfolio of any investor.
  6. Cryptocurrency transactions and transfers worldwide. Any bank transfer takes a lot of time, nerves and energy. Enjoy the ease of making cryptocurrency and fiat transfers using online crypto banking. Transfer money instantly from anywhere in the world. All you must have is a smart phone and access to the Internet.
  7. Provision of services on the Forex market through: • Support for ECN networks, reducing to zero the role of intermediaries; • Support for progressive system of NDD orders; • End-to-end STP transaction processing technologies. Instant ways to recharge the balance of your account with the help of WebMoney, Yandex.Money payment systems, bank transfers, cryptocurrency, as well as with Visa and MasterCard bank cards. Affiliate program to attract new members. Contracts with liquidity providers.
    1. Mobile crypto banking. Instant online transfers (both cryptocurrency and fiat) from anywhere in the world. Support of Apple Pay, Samsung Pay, Android Pay. Cashback and referral program.
    2. Virtual cryptocard. The possibility of ordering a virtual crypto card (both for cryptocurrency and fiat money) with instant receipt of details for using it. NFC technology support. Withdrawals via any ATM anywhere in the world.
    3. P2P loans. PointPay platform will provide its users with the opportunity to get a loan from a private person or another banking institution, playing the role of a platform that unites borrowers and lenders.
    4. Cryptosoft for ATM. Instead of the pointless release of expensive ATM terminals, the PointPay team will develop software that will be implemented in existing ATM systems of other companies.
    5. Consulting banking and legal services. Assistance in the preparation of bank documents and financial reports. Help in opening fiat and cryptocurrency accounts.
    6. Crypto-acquiring. The possibility of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token. PointPay cryptocurrency acquiring works in all directions: fiat-cryptocurrency, cryptocurrency-fiat, fiat-fiat, cryptocurrency-cryptocurrency. The above functions are made possible and feasible through a phalanx of 50 banks and 25 payment systems, as well as 20 lawyers who deal with the business and legal issues of licensing crypto assets. PointPay has many years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes. https://pointpay.io/
submitted by redoc77 to cryptobank [link] [comments]

The Pointpay Banking Tool

The myriads of features of the PointPay Banking solution includes, but no restricted to
  1. Cryptobanking. Issuance of cryptocredits to business and acceptance of crypto deposits through a personal account with a high level of privacy.
    1. Cryptocredit and cryptodebit cards. Pay with a credit card connected to VISA / MasterCard electronic payment networks and withdraw funds to it in any country of the world. Applications being developed will work in conjunction with the debit and credit cards issued. Guaranteed high security and acceptance of cards in almost any ATM in the world.
  2. Car loans for buying a car. Buy cars by issuing almost instant cryptocredits, which allows, on the one hand, making a contribution to cryptoeconomics, and on the other, improving the financing structure of a cryptobank and increasing crypto flows.
  3. Cryptocurrency mortgage. Buy your dream home taking a mortgage cryptocredit.
  4. Cryptocurrency deposits and savings accounts. PointPay Crypto Bank will not only keep your cryptocurrency safe, but will also let you to receive interest charges due to the existence of a cryptobank savings account that ensures a decent level of profitability.
  5. Buying and selling stocks in cryptocurrency. Buy and sell stocks of any companies directly from your smartphone using cryptocurrency. Excellent opportunity to expand the investment portfolio of any investor.
  6. Cryptocurrency transactions and transfers worldwide. Any bank transfer takes a lot of time, nerves and energy. Enjoy the ease of making cryptocurrency and fiat transfers using online crypto banking. Transfer money instantly from anywhere in the world. All you must have is a smart phone and access to the Internet.
  7. Provision of services on the Forex market through: • Support for ECN networks, reducing to zero the role of intermediaries; • Support for progressive system of NDD orders; • End-to-end STP transaction processing technologies. Instant ways to recharge the balance of your account with the help of WebMoney, Yandex.Money payment systems, bank transfers, cryptocurrency, as well as with Visa and MasterCard bank cards. Affiliate program to attract new members. Contracts with liquidity providers.
    1. Mobile crypto banking. Instant online transfers (both cryptocurrency and fiat) from anywhere in the world. Support of Apple Pay, Samsung Pay, Android Pay. Cashback and referral program.
    2. Virtual cryptocard. The possibility of ordering a virtual crypto card (both for cryptocurrency and fiat money) with instant receipt of details for using it. NFC technology support. Withdrawals via any ATM anywhere in the world.
    3. P2P loans. PointPay platform will provide its users with the opportunity to get a loan from a private person or another banking institution, playing the role of a platform that unites borrowers and lenders.
    4. Cryptosoft for ATM. Instead of the pointless release of expensive ATM terminals, the PointPay team will develop software that will be implemented in existing ATM systems of other companies.
    5. Consulting banking and legal services. Assistance in the preparation of bank documents and financial reports. Help in opening fiat and cryptocurrency accounts.
    6. Crypto-acquiring. The possibility of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token. PointPay cryptocurrency acquiring works in all directions: fiat-cryptocurrency, cryptocurrency-fiat, fiat-fiat, cryptocurrency-cryptocurrency. The above functions are made possible and feasible through a phalanx of 50 banks and 25 payment systems, as well as 20 lawyers who deal with the business and legal issues of licensing crypto assets. PointPay has many years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes. https://pointpay.io/
submitted by redoc77 to cryptobank [link] [comments]

The Pointpay banking platform

The myriads of features of the PointPay Banking solution includes, but no restricted to
  1. Cryptobanking. Issuance of cryptocredits to business and acceptance of crypto deposits through a personal account with a high level of privacy.
    1. Cryptocredit and cryptodebit cards. Pay with a credit card connected to VISA / MasterCard electronic payment networks and withdraw funds to it in any country of the world. Applications being developed will work in conjunction with the debit and credit cards issued. Guaranteed high security and acceptance of cards in almost any ATM in the world.
  2. Car loans for buying a car. Buy cars by issuing almost instant cryptocredits, which allows, on the one hand, making a contribution to cryptoeconomics, and on the other, improving the financing structure of a cryptobank and increasing crypto flows.
  3. Cryptocurrency mortgage. Buy your dream home taking a mortgage cryptocredit.
  4. Cryptocurrency deposits and savings accounts. PointPay Crypto Bank will not only keep your cryptocurrency safe, but will also let you to receive interest charges due to the existence of a cryptobank savings account that ensures a decent level of profitability.
  5. Buying and selling stocks in cryptocurrency. Buy and sell stocks of any companies directly from your smartphone using cryptocurrency. Excellent opportunity to expand the investment portfolio of any investor.
  6. Cryptocurrency transactions and transfers worldwide. Any bank transfer takes a lot of time, nerves and energy. Enjoy the ease of making cryptocurrency and fiat transfers using online crypto banking. Transfer money instantly from anywhere in the world. All you must have is a smart phone and access to the Internet.
  7. Provision of services on the Forex market through: • Support for ECN networks, reducing to zero the role of intermediaries; • Support for progressive system of NDD orders; • End-to-end STP transaction processing technologies. Instant ways to recharge the balance of your account with the help of WebMoney, Yandex.Money payment systems, bank transfers, cryptocurrency, as well as with Visa and MasterCard bank cards. Affiliate program to attract new members. Contracts with liquidity providers.
    1. Mobile crypto banking. Instant online transfers (both cryptocurrency and fiat) from anywhere in the world. Support of Apple Pay, Samsung Pay, Android Pay. Cashback and referral program.
    2. Virtual cryptocard. The possibility of ordering a virtual crypto card (both for cryptocurrency and fiat money) with instant receipt of details for using it. NFC technology support. Withdrawals via any ATM anywhere in the world.
    3. P2P loans. PointPay platform will provide its users with the opportunity to get a loan from a private person or another banking institution, playing the role of a platform that unites borrowers and lenders.
    4. Cryptosoft for ATM. Instead of the pointless release of expensive ATM terminals, the PointPay team will develop software that will be implemented in existing ATM systems of other companies.
    5. Consulting banking and legal services. Assistance in the preparation of bank documents and financial reports. Help in opening fiat and cryptocurrency accounts.
    6. Crypto-acquiring. The possibility of fast, transparent and anonymous payment of cryptocurrency of various goods and services in stores, cafes and restaurants using PXP token. PointPay cryptocurrency acquiring works in all directions: fiat-cryptocurrency, cryptocurrency-fiat, fiat-fiat, cryptocurrency-cryptocurrency. The above functions are made possible and feasible through a phalanx of 50 banks and 25 payment systems, as well as 20 lawyers who deal with the business and legal issues of licensing crypto assets. PointPay has many years of experience in supporting the functioning of payment systems, including signing contracts, working with banks, working with other payment systems, paying out funds, and building complex payment schemes. https://pointpay.io/
submitted by redoc77 to cryptobank [link] [comments]

e-Forex Magazine | Execution Analytics - Helping FX trading firms to take more informed decisions

fintech #trading #algotrading #quantitative #quant #quants #hft ##markets #hedgefunds #fx #forex

e-Forex Magazine | Execution AnalyticsAnna Reitman On one level, the concept of measuring costs and trade quality supposes that there is a robust access to data that is both homogenous and accurate, said James Singleton, Chairman and CEO of Cürex Group, an ECN (electronic communication network). But in a credit sponsored market like FX, measuring costs can vary firm to firm.
On another level, he states, the measurement of cost and trade quality is impacted by the very trading environment and methods chosen by a trader. The impact of last look on an order, for example, is hard to capture. Moreover, the continued use of voice orders, single dealer platforms or RFQs can create market impact before a trade is even executed, which is often ignored or not calculated at all.
“The accurate measurement of costs and execution quality will remain difficult as long as FX market participants stick with past practices,” Singleton says. TCA provision itself has gone through an evolution. .....
Continue reading at: http://e-forex.net/articles/jan-2018-execution-analytics-helping-fx-trading-firms-to-take-more-informed-decisions.html
submitted by silahian to quant_hft [link] [comments]

Choosing the right broker

Hello!
I am ready to dive in the world of trading and after my basic education I am starting to pappertrade. I figured out that I sould choose from now the boroker I am gonna use in the future to get used to the platform. The problem is that there are WAY to many brokers out there and its hard to choose. I need your help reddit!

What I need:
- I am mainly gonna daytrade forex, maybe some stocks and futures at the future.
- Low commisions, fees & spreads! I'm thikning of taking trades on small timeframes (5-20 mins , or a few hours). I am looking for a true ECN with comission model. I dont want conflict of interests with my broker
- A good platform. I don't like MT4. I liked cTrader.
- No requotes - No slippage - Fast executions!
- Leverage. I need at least 1:200 , so I probably need a broker in Australia (?)
- No problems with withdrawals.
- Regulation and good reputation! I don't want to loose my money!
- Low minimum deposit! I'm thinking about starting with 1000 euros, maybe 2000 max.

Brokers I have found surfing the net:
- Interactive Brokers
- Saxo bank
- IG
- Dukascopy
and the cTrader brokers:
- IC markets
- Pepperstone
- FxPro
- Roboforex

What do you guys think? Have you got any experience with those guys? What would you suggest? All comments and extra info are welcome!
submitted by geomad26 to Daytrading [link] [comments]

cTrader ECN Platform Review - My Forex Space - YouTube Australian ECN Forex Trading Platform - Low Commission ... Currenex ECN overview- Forex ECN platform Australian ECN Forex Trading Platform - Low Commission ... ECN Forex Platform Comparison - FxPro - xTrader, MB ... Australian ECN Forex Trading Platform - Low Commission ... cTrader ECN Forex Trading Platform

Ein weiterer herausragender ECN Forex Broker ist IC Markets, auch ein in Australien ansässiger Forex-Broker mit einem ausgezeichneten Ruf, sehr anständiger Präsenz im Kundenservice und weitreichendem Produktportfolio.IC Markets bietet seinen Kunden die Option, entweder MetaTrader 4, MetaTrader 5 oder die cTrader-Plattform als bevorzugte Handelsplattform zu verwenden, und entwickelte eine ... ECN Konto. FXOpen war der erste Forex-Broker, der ECN-Trading und Ausführung über die beliebte MetaTrader4 Plattform entwickelt und seinen Kunden angeboten hat. ECN ist ein elektronisches Kommunikationsnetzwerk, das verschiedene Forex-Marktteilnehmer miteinander verbindet: Investmentfonds, Banken, einzelne Händler usw. Um Ihre Order auszuführen, durchsucht die ECN-Technologie alle von den ... Echter ECN/STP-Forex-Broker. Enge Spreads, geringste Gebühren. Krypto-Konten für Bitcoin-Margenhandel. Über 10 Jahre Erfahrung. Anzeige der Markttiefe. Interbanken-Liquidität. Profitables Forex-Partnerprogramm. Jetzt Forex-Konto eröffnen! What is ECN Forex Trading? ECN, which stands for Electronic Communication Network, really is the way of the future for the Foreign Exchange Markets.ECN can best be described as a bridge linking smaller market participants with its liquidity providers through a FOREX ECN Broker.. ECN serves as a bridge between smaller participants of the market and their liquidity providers. One of the leaders in the industry, HotForex offers various types of trading accounts to suit all trading styles. For an ECN account, the MT4 is the perfect choice with $4 commission per traded lot and spreads as close to zero as possible.All these make HotForex one of the best ECN Forex brokers for scalping financial markets.The broker are also active around the world with availability of ... The Fortex ECN platform offers direct access to Tier 1 liquidity from all major money center banks. Gain instant, low-cost Straight-Through Processing (STP) of your orders at razor-thin spreads, as well as powerful trading features unmatched by any other FX platform on the market. Get real-time executable streaming quotes from more than 50 liquidity providers for over 80 global currency pairs ... Ein ECN Forex Broker gibt die Orders der Trader direkt an einen Liquiditätsanbieter durch, welche an das Netzwerk angeschlossen werden. In den meisten fällen sind mehrere Anbieter bei einem Broker verfügbar. Sehen Sie dazu die untere Grafik: Preisstellung im ECN Forex Trading. Es wird ein direkter Zugriff auf den Währungsmarkt gegeben. Der Händler kauft oder verkauft im Netzwerk und ...

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cTrader ECN Platform Review - My Forex Space - YouTube

ECN Forex Platform Comparison - FxPro - xTrader, MB Trading - MBT Desktop, Dukascopy - JForex. In this video i compare forex platforms, liquidity, graphical ... In this video i compare forex ... https://rebrand.ly/BFXFAST1 Get More Info Now Australian ECN Forex Trading Platform - Low Commission Things To Know Before You Buy , Get FOREX BUSINESS SIGNU... cTrader ECN Forex Trading Platform. One of the Forex market's most innovative platforms, cTrader couples low spreads with fast ECN execution. http://bit.ly/... https://rebrand.ly/BFXFAST1 Sign up Now Australian ECN Forex Trading Platform - Low Commission Fundamentals Explained , Get FOREX BUSINESS SIGNUPS What is Co... Here is a Quick overview of the Currenex ECN platform. TIP FOR ALL FOREX TRADERS: TIP: If you plan to open a forex account make sure you use a rebate broker. I know of literally 100's of traders ... http://www.myforexspace.org/page/ctrader-platform-review cTrader is an ECN platform currently used by FXPro. In this review I show the platform, functionalit... Go To Our Site: https://bit.ly/3kis9AU - Australian ECN Forex Trading Platform - Low Commission Things To Know Before You Buy High-volume traders, algorithmi...

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