Recent content by Johannab

Be it an offshore broker or a local broker, all I care about are my trading requirements. Whichever broker fits them well, I use it. After all, it is about trading well to earn well. I've heard good things about PAXForex but I haven't quite tried it yet.

I don’t use a particular platform for trading and I kind of like to go for multiple ones. Right now I have Tradestation and Fxview as my brokers offering low spreads. Since the conditions suit me, I find them okay. However IDK what would qualify as ‘reliable’ for you.

Use it if you know how to. Better using it than wasting hours analyzing the best trade openings and patterns.

I don’t see any harm in either of these and for me, I would definitely look at consistent profits instead of going for large one time huge profit.

Let’s not negate that there are ECN brokers like FXview who do offer 0 spreads. Selecting the right broker is more vital than debating whether 0 spreads is safe or not. Onada is another good example.

Let’s compare. If you trade 1 lot EURUSD with 1.0 spread, you’ll pay $10 fee. If you trade with the same account with 0 spread, you’ll end up paying $3.5 fee. See for yourself. Trading with zero spread is in every way cheaper.

Don’t go with just any broker. There are many dealing desk brokers who won’t send your positions on the open market.

Don’t know much about the other brokers but fxview and etoro offer ECN spreads starting from 0.0 pips. I used this in the beginning of my trading days as a scalper to avoid slippage and calculating non-trading losses.

try opening multiple terminals on the same computer. This will be displayed on multiple monitors too.

Volatility as per me is what affects the spread and I usually define my strategy around this.

Well, I simply find out whether the spreads are fixed or variables before selecting a broker. Like I went ahead with XM. IG and fxview because they provide pure ECN spreads starting from 0.0 pips. Anyone know any other brokers with the same spread and pips?

I prefer the shorter-term moving average like 5, 10, 20, and 50. Nothing in particular but I do like how it works to provide a more active indicator.

Check out the technical indicators that work well with stochastic oscillators. Moving average crossovers and momentum oscillators are the ones I’m talking about.

Looking for a simple strategy here? Try a free charting platform like MT4. I’m sure licensed brokers like mine - Fxview, IB, and oanda, make this easy. All you have to do is mark the entry, stop loss, profit target, and finally record the results of your trade.

The brokers I trade through are good in terms of giving good features for trading like you can opt for digital trading with decent analytical tools. They have low commissions and low spreads so you can get good profits on trades. Fxview and XM also ask for low deposits so you can have a look at...