Search results

I’ve loved using an oscillator or maybe it’s the chart on fxview and ICM platforms that give me a clear idea of how quickly the price is moving. Wasn’t comfortable using the charts offered by IB. I guess different brokers and their platforms work differently. Didn’t know that earlier.

My experience with oanda has always been good! Used them briefly once!

Floating spreads for me simply because the trading account cost is far less than the fixed

I would go for variable spreads anyday. Fixed spreads don’t change with market trends and that can be such a disadvantage. Good thing, my brokers fxview and icm are flexible in a lot of respects, including spreads.

Agreed but since only a small number of banks trade exotics, there’s no other trader to reverse it. I did demo trading before though and my brokers, eToro and fxview gave me good options in exotic currencies.

Account type is no doubt very important. I believe different brokers like fxview, ib and icm (coz I tried only these three) have different names for the accounts, like micro, mini, standard, etc. What's important to know is that each account has a minimum deposit and lots requirements and the...

When you say good manners, how exactly you judge a forex broker on the basis of his manners. Don’t get me wrong, just curious in what context the adjective was used.

Right, so there are numerous brokers out there who may seek $20 per trade from the traders but may seek less from the ones who make more than say 50 trades in a month. Now there are brokers who would like to seek an annual percentage fee no matter how often you trade. This entirely depends on...

Yes I agree with you and have studied that the volatility of the currency pair results in false signals and breakouts which eventually will make the beginners lose out. I personally believe that the beginners should instead focus on other currency pairs that are safer to trade. Brokers like ICM...

You can try using stop loss or limit orders for reducing risk and try not to risk more of your trade. Also, don’t go for a high commission broker. I’ve been using ICM and Fxview and their commissions are quite suitable for me. Even spread cost wise they are okay.

One can easily calculate the risk reward by dividing the net profit with the maximum risk. Since there is risk with every investment, focusing on minimising it can make a difference.

Absolutely true Smith. The amount you pay depends on the money you invest in each of your trades rather than the numbers of times you trade. Let’s say if you have only $1000 for trading and you’re with a broker who seeks $20 per trade, the commission fee alone eats up 2% of your trade. Then...

Hey I did think about margin trading and the leverage aspect of it all but then I believe it’s the timing of the trade that makes the difference to the intraday profits. Now when we speak of it, anywhere between 1200 and 1500 GMT is the perfect time when both London and New York are at full pace.

I haven’t read the article yet but I hardly believe Tiktokers and You Tubers will have any effect on Forex trading or strategies.

Couldn’t agree more. The low-bid spreads and enticing liquidity is what made me try out this currency pair on the first hand. Also, because the pair is so volatile, as a day trader I get plenty of opportunities to trade well and make profits.

I think the brokerage fees are the same for whichever the security you deal with or trade/invest. The main difference is between the different types of accounts such as ECN, STP etc. where the collection models are different.

I have been using market depth to analyse the price of a security along with the other trade indicators like the Relative strength index, Stochastic oscillator etc. The market depth helps as a verification tool for my entry points. I have been using MT4 trading platform through IC market and...

In the forex markets I suppose it is hard to determine the market depth to its absolute value because of its decentralized nature.

When I left my job for full time trading based on the profits I was making then, little did I know that it was a short lived dream. I am back with a full time job now and part time trading with fxview. The little dream I had with ib earning 12k average monthly rather burst hard. Seeing all the...

Hard to believe to my own ears now but when I was learning the ropes of trading I had thought that I would in future provide brokerage services to other traders, or at least manage their accounts. Now the situation is such that if I just handle my own portfolio well it’s a major feat, gosh how...