Forex VS Suretrader

Scalperten said:
What forex firms could I look into that have the most competitive rates?

Any advice on forex would be appreciated. Even warnings as far as licenses you have to get. I am not planning to get rich overnight but instead maximize my profits while minimizing my risks.
More...

Oanda is a great broker. Study daily moving averages and daily/intraday trendlines as a start.
 
athlonmank8 said:
Certain brokers offer great spreads. I have to disagree with almost your entire post
More...
Usually i indeed broker have own rules regarding with spread, but usually if trader prefer as scalping trading hence will seeking broker that offer low spread, this giving benefit
 
What matters, for scalping, is to use a broker who genuinely executes trades on your behalf in the interbank market, and not a counterparty market-maker pretending to be a broker, who holds the other sides of your trades (and your deposited funds, and makes up their own prices and the rules governing all the transactions!) and is trading against you.

Obviously enough, a genuine broker doesn't mind clients scalping the market, but a market-maker doesn't want clients scalping them.
 
  • Like
Reactions: 777
Why market maker not allow scalping whether this will making them being bankrupt or there are certai another reason ?
 
1245 said:
Metamega,

Imagine if the market in GM was 29.04/29.05 on the NYSE but your broker offered you commission free trading with the market 29.03/29.06. And, you can't buy on the bid or sell on the offer. You need to wait until the prices change. Would you consider that commission free? That is what most retail FX platforms do for non-deliverables.

As a retail trader, I'd rather trade the FX futures pairs on the CME. Better price discovery IMO.

1245
More...

If you take IB for example, spot is slightly cheaper on transaction costs but worse on o/n rolls. For shortterm trading i prefer spot, but if you hold a few days or more futures are definitely the way to go, o/n swaps in retail are really expensive. Also in futures not even all G10 pairs are tradeable due to illiquidity.
 
Some boker now offer free swap account, and this will giving benefit for trader that like with swing trading which usually will hold order more than a day, usually this type account for islamic account but many trader non muslim also choose this option
 
You must log in or register to reply here.
Back
Top