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FX is notoriously hard. Not impossible but hard. I think someone said it here before, you need to treat trading as business. So, make a business plan and manage your risk. You don't "play" with $100, you risk $100 per trade. You're in the risk management business when trading, otherwise it's...

Trading off manipulated (wholesale) quotes is one thing, being made a market different from or not based on wholesale rates is a different kettle of fish altogether... So I would agree with the conclusion/recommendation by EarnForex.

At wholesale level it is very difficult to manipulate spot.. The market is simply too deep. But fat finger spikes do happen once in a while during times times of little/hardly any liquidity, like cable in 2016 when during Tokyo hours just after opening a bank trader sold a few hundred millions...

How about spreads? It's possible to put on a low volatility play of relative value or across the curve. Calendars in commodities, inter-market spreads in financials, the possibilities are vast: one class of wheat vs. another, old crop vs. new crop. the current crop itself, bonds vs equities, 2's...

Start with developing your trading idea/strategy first. Without a plan/strategy/edge it is difficult to beat randomness. But with randomness I do not refer to the question whether a specific market or asset is random but whether your trading PNL is better than random. To be specific, Based on...

Forex futures have some caveats. First of all costs. There will be exchange clearing fees 2c to the NFA and your broker commission. The smaller the lot size (say CME micros vs standard lots), the higher the costs in percent vs. the lower your leverage of your position wrt. account size. This may...

Wise words from gaussian. Transparency should never be discounted. Trading exchange traded products, times&sales are published, an official close is determined upon which positions are marked to market. In OTC FX, unless you have direct quotes from banks and liquidity providers like on Reuters...

The URL provided by DevBru leads directly to their web site. The source is clear and unambiguous. What are you trying to get out all this? You're a trader, right? Then look at it like a trade. You have winning trades and you have losing trades. Do you deal with a losing trade like you behave...

So let's recap, bbpp's list of 10 FX firms, seven I had to flag due to counterparty concerns. Not small concerns but massive concerns as per my post on page 3. If the counterparty stands on shady grounds, it is inconsequential if the broker in question takes the other side or not from a pure...

@ Real Money Is 10y too short for you? Just thinking of 2's/10's or 5's/10's.

Don't get me wrong, of course I enjoy it when the market comes my way. But I always count in points up or down to eliminate thoughts of USD P&L to keep emotions out as much as possible. As for sources: a mixed bag really. quality newspaper (eg FT) for macro and political coverage. Reuters for...

Fundamentals play a big role for me. In my style of trading I need to have an opinion of a general direction first. Then come the technicals: is the market already moving into that direction? Is it moving away? If prices start to come my way, I start putting positions on. As for fundamental...

Whether they bet against the customer or not should be in 7 out of 10 the least of one's worries! The counterparty risk any potential client with these 7 would run is incalculable. The counterparties I deal on a daily basis with are all investment banks, and before we onboard any new bank, we...

7 out of 10 from this list give enough reason to be concerned: https://www.renesource.com/en/ no adverse information found. https://turnkeyforex.com/ https://www.forexpeacearmy.com/community/threads/scammed-by-turnkey-forex-part-2.59965/...

Another market which has extremely tight spreads is ED. Liquidity is very deep but given the matching algorithms, it's very difficult to overcome the bid/ask spread. Nearest expiring contract month: One quarter of one interest rate basis point = 0.0025 price points = $6.25 per contract. All...

The Turtles experiment from decades back is proof that trading can be taught and learned. Having a mentor can massively speed that process up, like a senior trader on the desk who takes the junior under his wings. Learning the process how to develop an idea, put the trade on, manage the position...

@bbpp Why don't you just give it a rest. All I did was to offer my view and insight the OP might find useful. I have an actual business to run and don't have time for this petty nonsense. The derivatives brokers and bank counterparties I have been dealing with for the past decade are full...

It's quite astonishing what one can actually find in those T&C: FOREX.COM 2.4 We will deal with you as principal and not as agent on your behalf. This means that any Trades are agreed directly between you and us and we will be the counterparty to all of your Trades source...

I did tell you to go and read the fine print of the T&C's of these firms. Have you read them? I am not doing that work for you. I don't get it why you're attacking me now. For all I care, have fun in your trading and I even wish you good luck but ultimately I couldn't care less.

@bbpp: start around 29:40 into it: (the A/B book starts around 47:00)