Newbie Forex Question.

Quote from scott55tt:
I don't mean to critisize you but I don't understand your point of less than 1 mb memory when memory prices are so cheap. What am I missing ?
Just trying to learn a lot from all of you guys & appreciate all the help.
Are you saying it also takes up lots of cpu power too ?
Thanks for explanation in advance.
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my mistake, it actually took up 720MB memory when my WindowsXP has maximum of 4GB. see picture, last item on the resources list:
 

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It looks like everyone covered your basic questions scott but as a personal recomendation I have been using Metatrader4 through Alpari and have been completely satisfied with their service.
 
Quote from scott55tt:

Pardon me but I just started following Forex & have couple of basic questions. I would appreciate any feedback.

(1) Is euro/usd traded in 4 digits or 5 digits ?

I mean current price I see using FXCM feed & Ensign Software is :

Bid : 1.21793

Ask :1.21818

So spread is 1.21818 - 1.21793 = 25 pips ? OR 2 pips ?

How do you place your order ? Using 4 didgits or 5 didgits ?

And 1 pip = US $10.00 ?

(2) I use volume charts & it seems FXCM does not have much volume. Barely 50,000 contracts a day.

So the volume is dependant on broker ? If so which broker has the highest volume per day ?

Thanks much.
Scott
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The volume you are viewing is most likely tick volume as actual trading volume is not publicly available. FXCM's systems routinely handle about 300,000 trades per day.
 
Thank you Wallace & HFT_Board.

Really appreciate the input.

Wallace, can you actually put a pipettes order ? If yes, which brokers do that ?

Thanks
 
Quote from Jason Rogers:

The volume you are viewing is most likely tick volume as actual trading volume is not publicly available. FXCM's systems routinely handle about 300,000 trades per day.
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So how do most traders use their charts besides volume charts ?

I was under the impression that volume charts reveal things that time charts ( Minute ) charts dont. I really like volume charts on e minis.

So if that is not available, what other alternaves do I have besides the minute charts ?

Thanks
 
Quote from scott55tt:

So how do most traders use their charts besides volume charts ?

I was under the impression that volume charts reveal things that time charts ( Minute ) charts dont. I really like volume charts on e minis.

So if that is not available, what other alternaves do I have besides the minute charts ?

Thanks
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you can use Volume charts from the future (EUR) and trade FX from them. I do it. FX and futures are moving together. (there is a price difference between them, but the moves are the same)

not for all symbols there are liquid futures that may be a problem


FXCM sends ticks not volume, but i am not shure if that are real ticks, because they send about 1 tivk every 2 sec. constantly....
 
scott55tt, not sure what you're asking, a pipette is such a small amount i ignore it -
i use Oanda and chose to not display pipettes on the chart or orders
some brokers don't use pipettes some do, you'd have to search
 
NinjaTrader charts: seconds, minutes, tick, volume, range

also fx can be traded in NT, GFT is the fx broker supplying the feed, one broker
providing an NT fx demo is AMP futures
 
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