Search results

Thanks CBC. I appreciate it. If I can ignore the cost(on slippage)spreads, what distinct advantage in FxFutures over spotfx? And consider the large liquidity spot fx has while futures do not.

But I have been reading Posts by traders who moved from Spot Fx to Futures that futures are much better and I am trying to find any reason/justification for that and I am not able to see any so far. Thanks..( Those who trade by using volume (which is not available in Spot fx) and I donot...

Thanks all, I guess I am still not getting it or did not ask good question. Let me try again and let me give an example trade in Spot FX and associated cost and give me a comparing trade in Forex Future and give me pros and cons of both. Consider this Spot FX trade on GBP/JPY on a Sunday...

If you analyse deeply of any good trader's history/book, you would see even they had a successful system, they were failing because of their indiscipline, lack of control over greed/fear. So ultimately, once you know about yourself and fix the issue, you are on the road to nirvana and here with...

I agree.

Unless one has a very wild move in currencies or some brexit kind of surprise with open positions over weekend likelihood of losing more than your investment is very rare in spotfx. Though if your broker is not a regulated one, he might move spreads in a such a way to make the loss more than the...

Thanks all for your input. I have traded with good fx spot brokers and bad ones (fxcm who intentionally started slipping my orders or moving the price to hit my stops (while other broker's feed was normal) and I closed my account immediately after this). I am yet to see a good +ve side of...

I agree!

Please Explain in comparison to Forex Spot market. 1) How many $ per pip or unit of movement up or down? 2) How much risk per reward? 3) Do futures move similar to currency pairs? For example does any forex future for gbp/jpy will move similar to the spot fx gbpjpy?

I am not sure it is now in MT4. I gather in MT5 there are some options for API or DLL development which can be incorporated. I have not used MT5 much.

I am a spot fx trader and I trade only gbp/jpy and I have no idea about forex futures or any futures market. I want to understand how forex futures work and trying to see whether I can switch to Futures to trade in regular hours (assuming it can be daytraded in US equity market hours). Spot fx...

Assuming a systems does not need much of data apart from one day old data/screen technical levels what difference it can make whether it is MT4 or Java? Do you use any specific platform or broker that has option to run your java based system or you have an API in java which calls from the...

Interesting. I am a programmer with Metatrader experience. Just wondering why you had to go to java? Any specific reason to move away from Mt4?

1. I would guess big companies will/should have good checks/balances. 2. I would guess so. Nowadays anything you use in office or where ever be logged/tracked. 3. No idea. 4. It (programs) can be done to trade or just give alerts after sensing the opportunity. 5. I have not used Schwab or TD...

Too big to explain. To put it simple, 1) You should have good/strict entry/exit rules, 2) Program/logic to scan/look for the entry parameters and order executed with stop/take profit levels predefined or calculated based on your account/order size etc. 3) Exit when the conditions met. (moving...

I just googled on that and it looks like he was arrested/sent to jail and appealed and got out... http://www.aleynikov.org/ https://en.wikipedia.org/wiki/Sergey_Aleynikov...

I am long time programmer/trader and having developed various trading systems (automated) and tested on various currency pairs. I have come to the conclusion that 100% automatic systems are very rare and needs lots of analysis or data or computing power which is possible with large organizations...

I am not sure how one can decide on stocks to trade based on his presidency. Of Course we could guess that he will be supportive for businesses. If he does what he says/said on the campaign I believe stock/indices will be up for a long run upside. I am not an equity trader. I trade only FX and...

quantconnect.com and quantopia.com have historical data I believe. I have not traded based on these charts but it is interesting that how most are wrong when the market changes from long to short or vice versa.

Donot know about equities but in forex, I used to observe there is smart money and sheep money. If you look at oanda's (major forex broker) open positions, you could see most of the traders are wrong most of the time in their long/short on ccy pairs...