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Are you referring to the interbank market here when speaking about wholesale dealers or is there a difference? Because at the end of the day, in a true ECN model the interbank market is where the trades are sent I think (which I referred to as the real market earlier in this thread). I am asking...

From what I know so far I'd rather say that not chosing the market maker model has the major benefit that there is no conflict of interest. The broker is happy if you make money (and obviously you yourself are happy if you make money). Both the broker and the client have the same goal. Maybe you...

About the CME futures thing: Isn't that information you can find in the COT report that comes out every friday (though with a lag of three days)?

It may be for the fact that I haven't had a look at a DoM yet, but I am not too sure whether I understand what that means. Does that mean that if there is a great marekt depth the customer sentiment is high annd vice versa?

Why do you deem the broker's DoM to be garbage? I am aware of that, that's why I spent a good deal of time learning about brokers and looking at many of them in greater detail.

Ah, very interesting. So far, I only traded on demo accounts, webtraders. Do you know whether installing that works on webtraders (MT4) as well?

Sounds very much like a market maker model to me. However, if I opened a live account then it would be an ECN broker which - if I understood correctly - basically transfers my trade into the real market. After having scrutinized many brokers I think IC Marekts would be a good choice. I really...

I am somewhat confused. I sifted through older threads in this and other forums on the topic of liquidity, order execution and lot size. While one might think that this should not be an issue for an beginner, there is still an observation that confuses me. With a misconception that I had...

Why does the lot size vary greatly depending on the currency pair at all? A lot is 100000 units of the base currency of a currency pair, so regarding for example the pairs USD/JPY, USD/MXN and USD/SEK (assuming the account currency is USD) they all should trade the same lot size given the same...

Indeed. This problem of which broker I can trust was one that gave me headache right from the beginning when I began learning about trading. I think with IC Markets I have found a good ECN broker (though I have not yet opened a live account, just a demo account, because I first want to get the...

Ah, thank you, Xela, that cleared it up for me. Leverage does not have to be all that dangerous given a reasonable risk managment. So, what would be a good leverage to set for an account?

Hello, surely you know the position size calculator of Myfxbook: https://www.myfxbook.com/forex-calculators/position-size Playing around with it a result kept popping up over and over again that I don't know what to make of. Assuming an account balance of $10.000, a risk ratio of 0.6% and a...

Thank you everybody for your responses. Concerning the JPY pairs I forgot in my line of thought that for them a pip is one hundreth of the current price, not a ten thousandth.

If I got it correctly, then the value of a pip is Lot Size*10. This value is in the cross currency, so if I traded EUR/USD and made 100 pips, then with a lot size of 0.1 I would have gained $100 and if my account is in euro, then I need to convert it to Euro, which essentially means dividing by...

I was thinking of that being a problem. What finally led me to pose this question here was this: https://www.investing.com/currencies/usd-vef If you scroll down, just below the chart, there is a price for both the bid and ask. So I thought there might be a broker or more that offers this pair...

I see. Is this true for basically all pegged currencies? Apart from two exceptions (EUR/DKK and USD/SAR), I know of no such pair that is actually tradable.

Hello everybody, despite having looked for quite some time to find a broker that offers USD/VEF or USD/QAR, I haven't found one. Does anyone of you know whether there is such a broker? If not, what else could one do to trade these currencies?