so far from what i hear from other traders Gain is the only company that allows you to link all your charts meaning when i type in a pair in one chart all my other charts change to that chart also without manually changing each one at a time
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Looking for a good FX platform
- Thread starter ariva308
- Start date
I am going to demo cms forex for the next month to see if the same principles of trading equities works for currency. CMS seems to be one of the more popular options for forex demos.
When I consider a real broker the following criteria are important to me:
Speed, secure execution, reliability, etc.
Tight spreads
Charting and technical analysis
The following criteria are not important to me at all:
low minimum balance
ability to leverage money-- i'm sorry leveraging my money 100-400 x is not enticing
is my best bet to use a broker like IB or Tradestation, or to open an account with a specialist like cms or genesis, etc.?
When I consider a real broker the following criteria are important to me:
Speed, secure execution, reliability, etc.
Tight spreads
Charting and technical analysis
The following criteria are not important to me at all:
low minimum balance
ability to leverage money-- i'm sorry leveraging my money 100-400 x is not enticing
is my best bet to use a broker like IB or Tradestation, or to open an account with a specialist like cms or genesis, etc.?
Quote from bellman:
When I consider a real broker the following criteria are important to me:
Speed, secure execution, reliability, etc.
Tight spreads
Charting and technical analysis
is my best bet to use a broker like IB or Tradestation, or to open an account with a specialist like cms or genesis, etc.?
I agree with most of these, you should also consider an ECN type of platform from a large currenex user, especially if speed is important.
Charts are not a reason to choose a broker. Most brokers have their own charts but having charts integrated with your trade platform will only slow it down. Either use a free one that you like or a pay one you are comfortable with, but its the wrong reason for a broker.
Tight spreads are the like judging a computer soley on Mhz. The displayed spreads are useless unless you can get the execution, thats why an ECN is good. Especially if a small firm is displaying tight spreads, you are going to get shaded on the price or requoted, brokers have to get paid somehow.
Sounds like you are on the right track though. Good luck.
Trader/God
Frege,
The three traders and members of this board who have first-hand experience with Saxo -- there may be more -- are agreed (if I may speak for them) that Saxo is a bucketshop (which is my opinion and one other member's), or is (and this is not a whole lot better) an expensive and unreliable dealer. I understand Saxo now brokers futures although not registered to do so in the USA (meaning no USA resident should consider it for futures).
I gather that you have a different opinion.
The three traders and members of this board who have first-hand experience with Saxo -- there may be more -- are agreed (if I may speak for them) that Saxo is a bucketshop (which is my opinion and one other member's), or is (and this is not a whole lot better) an expensive and unreliable dealer. I understand Saxo now brokers futures although not registered to do so in the USA (meaning no USA resident should consider it for futures).
I gather that you have a different opinion.
I don't think 1:400 is a good idea.
there are scores of long-established best-conditions CFTC/NFA registered retail spot fx brokers listed on www.fxstreet.com for instance - plus loads of free resources there as well - why do you guys want to send your monies to anyone else / any other jurisdiction? like to play with fire?? tax-avoidance? no need to go to antigua for that, as long as yr acct is opened in another jurisdiction, e.g. in the UK for a US citizen, or vice-versa, in most cases your covered...
of course some brokers will want to tempt you via zero-carry policies 2pips-spreads on all pairs etc etc type offerings... nice marketing ploy, works perfectly well if the broker is bucketing the trades... you'll just have to pray they dont simply disappear one morning, as happens more often than you'd think... think HYIP schemes and you'll get a pretty good idea... good luck all!
of course some brokers will want to tempt you via zero-carry policies 2pips-spreads on all pairs etc etc type offerings... nice marketing ploy, works perfectly well if the broker is bucketing the trades... you'll just have to pray they dont simply disappear one morning, as happens more often than you'd think... think HYIP schemes and you'll get a pretty good idea... good luck all!
Quote from .002commission:
which fx platform changes all your charts at once like when u type in eur uds pair all my charts change to that pair not me having to change each chart one by one which is the problem i have with Oanda fx layout
Right now I am checking out EFX Group with QuoteTracker which
will do what you state above. EFX Group is from MB Trading. You
can also use eSignal for charting... You can open an account with
as little as $400 if you are a newb and just starting out.
No dealer desk. No freaking out about scalping. Mini-lots. More...