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There are some scanners. But I would advise you to first learn about them before using.

Do calculate the risk and reward of the pair provided of the small pip value. A strong trading plan is what will help you succeed in trading exotics.

How about taking a day off from trading? Re-evaluate your strategies, broker and tools. As a big fan of autochartist, I can tall you that it'll give shape to your strategy. Try it out with fxview or ava trade if you want...

That’s what the stop loss is there for. I mean you need to place it on every trade for a reason so that you know the amount you’re risking won’t give you a heart attack even if you’ll lose it.

One of the reason’s I prefer ECN broker is that there is zero broker interference in the trade. Like with fxview, forex.com, ICM, I’ve never had the problem once in trading where I was re-quoted a different price. Because I’m an intraday trader, every second and pip matters and such re-quoting...

True. You don’t pay the spread twice or even once, rather it’s half each time.

You can try fxview, ICM, and interactive brokers. I’ve been trading with the first two for nearly 2 years now and can say that they’ve got tighter spreads, low leverage and client friendly deposit and withdrawal policies.

Is it just me or you also experienced problems like viewing the signals late? Someone suggested it’s because the indicator doesn’t follow a strong market move.

Oanda I’ve heard is a good broker for US clients. I don't use it though, I'm from the UK.

Around 30% is a pretty good percentage. I guess the asset will get more room to roam around and the investment will get more time to absorb the losses.

@rihana but with the ease comes dedication to constantly sit and monitor the developments and other kinds of data. Who has that much time and patience unless you’re a couch potato?

Usually the spreads offered by such brokers is much higher as compared to the ones who offer variable spreads. That’s why opt for a broker that offers lowest spreads that’s actually great for scalpers.

In fact all the great traders that I’ve been following credit their trading success to being able to control the downside risk and benefit from the upside profit. Problem however that I’ve noticed comes when the traders cling on to the losing trade hoping that one day the market will turn in...

That’s probably a great move buddy. I myself like Dow, Nasdaq, and FTSE because of their consistent trade. And your thread history shows it did go the right way for quite a while.

Yep, been trading with fxview for about a year and happy with the variable and ECN spreads. Though, I do wanna experiment with fixed spreads too. Any brokers to suggest for that?

The spreads on exotics lately have been dropping because of the competition and increased liquidity. You need to understand that if the pair has slightly higher spread, there won’t be much difference between making 200 & 198 pips. With fxview and XM, I trade with higher time frames switching...

I’ve actually found a good approach for combating this issue. Just pull away from the 5 min chart and trade on a longer time-scale. Trading on the daily chart with fxview and fxpro helped me negate the effect of high spread.

Selecting and trading with brokers and which ones is something that’s different for each trader. You can say it’s because of the strategies and also depending on the type of trader they are, day, swing, position trader, or a scalper. One thing however every trader should do is to make a demo...

Aren’t exotics the most volatile pairs? Plus trading them could be quite heavy on the pockets, so I’ve heard. I do want to try them out as I get good spreads on fxview, icm, but still a bit apprehensive.

Fxview, I believe, accepts clients who are residents of the European Economic Area. You can consult their customer support team. These guys get back with the solution or answer quite fast and are always responsive. I’m sure they’ll help you well.