ECN Forex Broker Open an ECN Trading Account - FXOpen

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Forex

Website: https://www.fxopen.com

Address:P.O. Box 590,
Springates East, Government Road,
Charlestown, Saint Kitts and Nevis

Phone: +64-9-801-0123

FXOpen broker provides traders an access to Forex and cryptocurrency markets.
You can open an account from 1 USD and start trading.

FXOpen was founded by a group of traders as an educational center in 2005 before establishing itself as a Forex brokerage. With years of experience, the company has gained an excellent reputation as one of the leading and fastest-growing Forex brokers.

Our mission is to offer traders professional services in Forex and cryptocurrency trading, managing and investing in PAMM accounts, analytics, all backup with excellent customer support. FXOpen provides a true ECN trading environment to its clients via the MT4 and MT5 terminals, offering the tightest spreads and low commissions.
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ECN Brokers - How Does Forex Trading through ECN Work?

ECN Brokers - How Does Forex Trading through ECN Work?

Top ECN Brokers
ECN brokers (Electronic Communication Network brokers) are amongst the fastest emerging brokerages in the Forex world. Also, there's no question that brand-new ECN brokers are opening their doors consistently. In short, ECN Forex brokers offer a market where traders and market makers can position competing quotes versus each other. Minimum deposits for ECN accounts are commonly more excellent than they are with standard Forex accounts. Still, there are some substantial benefits offered by the ideal ECN brokers, such as the capability for scalping as well as reduced spreads.
With many eye-catching options to choose from, choosing between various ECN broker's List can be surprisingly challenging. Intensifying the decision is the truth that several typical brokers offer ECN Forex brokers and their regular trading accounts, which widens your swimming pool of alternatives.
To make your decision simpler, we have compared essential aspects of some of the top ECN brokers to offer you a beginning factor in your look for the best ECN brokers List.
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US based day traders.

Looking for the tightest spreads I can find. What broker do you guys use and is there a specific account type you use on that broker? Been doing some research and comparing and IG, Forex.com and Oanda and they all have their pros and cons but none of them seem to be anything to get excited about. I wish we had access to IC markets or a true ECN Broker.
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Signal Skyline Forex Signal Provider


Are you just starting out and struggling to find your footing in the forex market as a day trader? Well, this might be the solution you’re looking for.
reliable forex signals are predictions made by market experts to help traders make the right moves with their positions.
Here is how it works:
  1. Experts use past data as well as take into account present day market conditions to come up with projections for pairs.
  2. These projections include a buy or sell prompt along with suggestions for entry, exit, stop loss, and take profit levels.
  3. The signals are sent directly to the trader’s email address as well as their mobile phone so they don’t miss any opportunities.
  4. It works globally so you don’t have to be looking for forex signal provider Malaysia or Canada. The fact that they also function on email means that you could be anywhere and as long as you have an internet connection, you will get expert suggestions on a daily basis.
  5. Traders then use these suggestions and signals along with their own analysis to make sure that they make informed decisions.
  6. One can unsubscribe any time they want if they think the service isn’t working for them.
Forex trading around the globe
Trading wasn’t always what it is today. Before, only big banks and investors used to participate in this business. It was a lot more exclusive. The level of investment per trade was big; too big for the average man.
However, in 1971 things changed. An Electronic Communication Network (ECN) was developed and implemented that allowed people to participate in the market from all over the world.
Then brokers began to offer leverage as well as discounts on their commissions which attracted more people to the currency market.
Eventually it was the internet that led to the forex market becoming what it is.
This accessibility has helped service providers reach every nook and cranny offering new and improved opportunities and a better shot at successful trading to everyone.
Where Signal Skyline stands
Signal Skyline is a globally acclaimed signal service for forex trading. With a solid trading record backing us and a team comprising of the best in the business we are available to offer assistance through signals all over the world.
If you are looking for a forex signal provider in Malaysia, Canada, or England, we have got you covered.
Just sign up to our service and let’s get to work!
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Why are Stock Brokers so bad at offering trading services??

So why are stockbrokers not doing much to offer good quality services and just being updated with the times. Forex industry so far ahead with client services despite being fairly new, why wont Stock brokers do the same.
1.Most Stock Brokers dont offer demo accounts, unlike with Forex brokers, you have to pay third party stocks simulator providers if you want to practice
2.The stock trading platforms offered by most brokers aint intuitive to use for first time users, they are clunky and and confusing.
3.They ask to pay for data and platform fee, forex brokers offer free. Gotta pay extra to acess OTC stocks market data and Level 2s, Pay for good charting software.
4.Have to pay for a stock screenescanner, or if offered free its not a very useful one. Also got to pay for News Access.
5.A whole bunch of fees and penalties, how can one make profit with so many much chirping on your account balance? Account fee, Margin fee, Margin Call fee, outgoing funds fee, hard to borrow short locate fees, Overnight Short Fee etc, ECN fee. Suretrader, was one of the worst example of this.
6.Usually cant get shares to short, or some brokers dont allow you to trade OTC Markets/Penny Stocks
Just a number of Pet Peeves I have with Stock Brokers, so frustrating trying to get in this type of trading and dealing with these brokerages.
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Spread vs Comission

Hello folks,
I've spent the last 2 weeks studying and am ready to open a demo account to practice forex day trading. I'm having a hard time settling on the type of broker to go with.
My trading plan will include typical day trading. Though some of the strategies that appeal to me involve many small trades that look to capture small pip movements quickly. I don't know if it's considered scalping or not.
Knowing that, would an ECN broker with small spreads and higher commission be better than a broker with larger spreads but no/less commission? Are there other things you'd need to know to even answer this type of question?
Thanks in advance.
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Beginner, where to start?

I'm looking into becomming a trader of some sorts. I've looked into regular stock trading, options and forex. The problem is, I don't know what to choose, therefore I've decided to try little bit of each trading platform before evnetually specialice more.
Where should I start with forex? Any recommended reading or books? Is it possible to live from the income of forex trading? Or, better phrased, are any of you made it so you can live by trading?
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Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.

Finding Trading Edges: Where to Get High R:R trades and Profit Potential of Them.
TL;DR - I will try and flip an account from $50 or less to $1,000 over 2019. I will post all my account details so my strategy can be seen/copied. I will do this using only three or four trading setups. All of which are simple enough to learn. I will start trading on 10th January.
----
As I see it there are two mains ways to understand how to make money in the markets. The first is to know what the biggest winners in the markets are doing and duplicating what they do. This is hard. Most of the biggest players will not publicly tell people what they are doing. You need to be able to kinda slide in with them and see if you can pick up some info. Not suitable for most people, takes a lot of networking and even then you have to be able to make the correct inferences.
Another way is to know the most common trades of losing traders and then be on the other side of their common mistakes. This is usually far easier, usually everyone knows the mind of a losing trader. I learned about what losing traders do every day by being one of them for many years. I noticed I had an some sort of affinity for buying at the very top of moves and selling at the very bottom. This sucked, however, is was obvious there was winning trades on the other side of what I was doing and the adjustments to be a good trader were small (albeit, tricky).
Thus began the study for entries and maximum risk:reward. See, there have been times I have bought aiming for a 10 pip scalps and hit 100 pips stops loss. Hell, there have been times I was going for 5 pips and hit 100 stop out. This can seem discouraging, but it does mean there must be 1:10 risk:reward pay-off on the other side of these mistakes, and they were mistakes.
If you repeatedly enter and exit at the wrong times, you are making mistakes and probably the same ones over and over again. The market is tricking you! There are specific ways in which price moves that compel people to make these mistakes (I won’t go into this in this post, because it takes too long and this is going to be a long post anyway, but a lot of this is FOMO).
Making mistakes is okay. In fact, as I see it, making mistakes is an essential part of becoming an expert. Making a mistake enough times to understand intrinsically why it is a mistake and then make the required adjustments. Understanding at a deep level why you trade the way you do and why others make the mistakes they do, is an important part of becoming an expert in your chosen area of focus.
I could talk more on these concepts, but to keep the length of the post down, I will crack on to actual examples of trades I look for. Here are my three main criteria. I am looking for tops/bottoms of moves (edge entries). I am looking for 1:3 RR or more potential pay-offs. My strategy assumes that retail trades will lose most of the time. This seems a fair enough assumption. Without meaning to sound too crass about it, smart money will beat dumb money most of the time if the game is base on money. They just will.
So to summarize, I am looking for the points newbies get trapped in bad positions entering into moves too late. From these areas, I am looking for high RR entries.
Setup Examples.
I call this one the “Lightning Bolt correction”, but it is most commonly referred to as a “two leg correction”. I call it a “Lightning Bolt correction” because it looks a bit like one, and it zaps you. If you get it wrong.

https://preview.redd.it/t4whwijse2721.png?width=1326&format=png&auto=webp&s=c9050529c6e2472a3ff9f8e7137bd4a3ee5554cc
Once I see price making the first sell-off move and then begin to rally towards the highs again, I am waiting for a washout spike low. The common trades mistakes I am trading against here is them being too eager to buy into the trend too early and for the to get stopped out/reverse position when it looks like it is making another bearish breakout. Right at that point they panic … literally one candle under there is where I want to be getting in. I want to be buying their stop loss, essentially. “Oh, you don’t want that ...okay, I will have that!”
I need a precise entry. I want to use tiny stops (for big RR) so I need to be cute with entries. For this, I need entry rules. Not just arbitrarily buying the spike out. There are a few moving parts to this that are outside the scope of this post but one of my mains ways is using a fibs extension and looking for reversals just after the 1.61% level. How to draw the fibs is something else that is outside the scope of this but for one simple rule, they can be drawn on the failed new high leg.

https://preview.redd.it/2cd682kve2721.png?width=536&format=png&auto=webp&s=f4d081c9faff49d0976f9ffab260aaed2b570309
I am looking for a few specific things for a prime setup. Firstly, I am looking for the false hope candles, the ones that look like they will reverse the market and let those buying too early get out break-even or even at profit. In this case, you can see the hammer and engulfing candle off the 127 level, then it spikes low in that “stop-hunt” sort of style.
Secondly I want to see it trading just past my entry level (161 ext). This rule has come from nothing other than sheer volume. The amount of times I’ve been stopped out by 1 pip by that little sly final low has gave birth to this rule. I am looking for the market to trade under support in a manner that looks like a new strong breakout. When I see this, I am looking to get in with tiny stops, right under the lows. I will also be using smaller charts at this time and looking for reversal clusters of candles. Things like dojis, inverted hammers etc. These are great for sticking stops under.
Important note, when the lightning bolt correction fails to be a good entry, I expect to see another two legs down. I may look to sell into this area sometimes, and also be looking for buying on another couple legs down. It is important to note, though, when this does not work out, I expect there to be continued momentum that is enough to stop out and reasonable stop level for my entry. Which is why I want to cut quick. If a 10 pips stop will hit, usually a 30 pips stop will too. Bin it and look for the next opportunity at better RR.

https://preview.redd.it/mhkgy35ze2721.png?width=1155&format=png&auto=webp&s=a18278b85b10278603e5c9c80eb98df3e6878232
Another setup I am watching for is harmonic patterns, and I am using these as a multi-purpose indicator. When I see potentially harmonic patterns forming, I am using their completion level as take profits, I do not want to try and run though reversal patterns I can see forming hours ahead of time. I also use them for entering (similar rules of looking for specific entry criteria for small stops). Finally, I use them as a continuation pattern. If the harmonic pattern runs past the area it may have reversed from, there is a high probability that the market will continue to trend and very basic trend following strategies work well. I learned this from being too stubborn sticking with what I thought were harmonic reversals only to be ran over by a trend (seriously, everything I know I know from how it used to make me lose).

https://preview.redd.it/1ytz2431f2721.png?width=1322&format=png&auto=webp&s=983a7f2a91f9195004ad8a2aa2bb9d4d6f128937
A method of spotting these sorts of M/W harmonics is they tend to form after a second spike out leg never formed. When this happens, it gives me a really good idea of where my profit targets should be and where my next big breakout level is. It is worth noting, larger harmonics using have small harmonics inside them (on lower time-frames) and this can be used for dialling in optimum entries. I also use harmonics far more extensively in ranging markets. Where they tend to have higher win rates.
Next setup is the good old fashioned double bottoms/double top/one tick trap sort of setup. This comes in when the market is highly over extended. It has a small sell-off and rallies back to the highs before having a much larger sell-off. This is a more risky trade in that it sells into what looks like trending momentum and can be stopped out more. However, it also pays a high RR when it works, allowing for it to be ran at reduced risk and still be highly profitable when it comes through.

https://preview.redd.it/1bx83776f2721.png?width=587&format=png&auto=webp&s=2c76c3085598ae70f4142d26c46c8d6e9b1c2881
From these sorts of moves, I am always looking for a follow up buy if it forms a lightning bolt sort of setup.
All of these setups always offer 1:3 or better RR. If they do not, you are doing it wrong (and it will be your stop placement that is wrong). This is not to say the target is always 1:3+, sometimes it is best to lock in profits with training stops. It just means that every time you enter, you can potentially have a trade that runs for many times more than you risked. 1:10 RR can be hit in these sorts of setups sometimes. Paying you 20% for 2% risked.
I want to really stress here that what I am doing is trading against small traders mistakes. I am not trying to “beat the market maker”. I am not trying to reverse engineer J.P Morgan’s black boxes. I do not think I am smart enough to gain a worthwhile edge over these traders. They have more money, they have more data, they have better softwares … they are stronger. Me trying to “beat the market maker” is like me trying to beat up Mike Tyson. I might be able to kick him in the balls and feel smug for a few seconds. However, when he gets up, he is still Tyson and I am still me. I am still going to be pummeled.
I’ve seen some people that were fairly bright people going into training courses and coming out dumb as shit. Thinking they somehow are now going to dominate Goldman Sachs because they learned a chart pattern. Get a grip. For real, get a fucking grip. These buzz phrases are marketeering. Realististically, if you want to win in the markets, you need to have an edge over somebody.
I don’t have edges on the banks. If I could find one, they’d take it away from me. Edges work on inefficiencies in what others do that you can spot and they can not. I do not expect to out-think a banks analysis team. I know for damn sure I can out-think a version of me from 5 years ago … and I know there are enough of them in the markets. I look to trade against them. I just look to protect myself from the larger players so they can only hurt me in limited ways. Rather than letting them corner me and beat me to a pulp (in the form of me watching $1,000 drop off my equity because I moved a stop or something), I just let them kick me in the butt as I run away. It hurts a little, but I will be over it soon.
I believe using these principles, these three simple enough edge entry setups, selectiveness (remembering you are trading against the areas people make mistakes, wait for they areas) and measured aggression a person can make impressive compounded gains over a year. I will attempt to demonstrate this by taking an account of under $100 to over $1,000 in a year. I will use max 10% on risk on a position, the risk will scale down as the account size increases. In most cases, 5% risk per trade will be used, so I will be going for 10-20% or so profits. I will be looking only for prime opportunities, so few trades but hard hitting ones when I take them.
I will start trading around the 10th January. Set remind me if you want to follow along. I will also post my investor login details, so you can see the trades in my account in real time. Letting you see when I place my orders and how I manage running positions.
I also think these same principles can be tweaked in such a way it is possible to flip $50 or so into $1,000 in under a month. I’ve done $10 to $1,000 in three days before. This is far more complex in trade management, though. Making it hard to explain/understand and un-viable for many people to copy (it hedges, does not comply with FIFO, needs 1:500 leverage and also needs spreads under half a pip on EURUSD - not everyone can access all they things). I see all too often people act as if this can’t be done and everyone saying it is lying to sell you something. I do not sell signals. I do not sell training. I have no dog in this fight, I am just saying it can be done. There are people who do it. If you dismiss it as impossible; you will never be one of them.
If I try this 10 times with $50, I probably am more likely to make $1,000 ($500 profit) in a couple months than standard ideas would double $500 - I think I have better RR, even though I may go bust 5 or more times. I may also try to demonstrate this, but it is kinda just show-boating, quite honestly. When it works, it looks cool. When it does not, I can go bust in a single day (see example https://www.fxblue.com/users/redditmicroflip).
So I may or may not try and demonstrate this. All this is, is just taking good basic concepts and applying accelerated risk tactics to them and hitting a winning streak (of far less trades than you may think). Once you have good entries and RR optimization in place - there really is no reason why you can not scale these up to do what may people call impossible (without even trying it).
I know there are a lot of people who do not think these things are possible and tend to just troll whenever people talk about these things. There used to be a time when I’d try to explain why I thought the way I did … before I noticed they only cared about telling me why they were right and discussion was pointless. Therefore, when it comes to replies, I will reply to all comments that ask me a question regarding why I think this can be done, or why I done something that I done. If you are commenting just to tell me all the reasons you think I am wrong and you are right, I will probably not reply. I may well consider your points if they are good ones. I just do not entering into discussions with people who already know everything; it serves no purpose.

Edit: Addition.

I want to talk a bit more about using higher percentage of risk than usual. Firstly, let me say that there are good reasons for risk caps that people often cite as “musts”. There are reasons why 2% is considered optimum for a lot of strategies and there are reasons drawing down too much is a really bad thing.
Please do not be ignorant of this. Please do not assume I am, either. In previous work I done, I was selecting trading strategies that could be used for investment. When doing this, my only concern was drawdown metrics. These are essential for professional money management and they are also essential for personal long-term success in trading.
So please do not think I have not thought of these sorts of things Many of the reasons people say these things can’t work are basic 101 stuff anyone even remotely committed to learning about trading learns in their first 6 months. Trust me, I have thought about these concepts. I just never stopped thinking when I found out what public consensus was.
While these 101 rules make a lot of sense, it does not take away from the fact there are other betting strategies, and if you can know the approximate win rate and pay-off of trades, you can have other ways of deriving optimal bet sizes (risk per trade). Using Kelly Criterion, for example, if the pay-off is 1:3 and there is a 75% chance of winning, the optimal bet size is 62.5%. It would be a viable (high risk) strategy to have extremely filtered conditions that looked for just one perfect set up a month, makingover 150% if it was successful.
Let’s do some math on if you can pull that off three months in a row (using 150% gain, for easy math). Start $100. Month two starts $250. Month three $625. Month three ends $1,562. You have won three trades. Can you win three trades in a row under these conditions? I don’t know … but don’t assume no-one can.
This is extremely high risk, let’s scale it down to meet somewhere in the middle of the extremes. Let’s look at 10%. Same thing, 10% risk looking for ideal opportunities. Maybe trading once every week or so. 30% pay-off is you win. Let’s be realistic here, a lot of strategies can drawdown 10% using low risk without actually having had that good a chance to generate 30% gains in the trades it took to do so. It could be argued that trading seldomly but taking 5* the risk your “supposed” to take can be more risk efficient than many strategies people are using.
I am not saying that you should be doing these things with tens of thousands of dollars. I am not saying you should do these things as long term strategies. What I am saying is do not dismiss things out of hand just because they buck the “common knowns”. There are ways you can use more aggressive trading tactics to turn small sums of money into they $1,000s of dollars accounts that you exercise they stringent money management tactics on.
With all the above being said, you do have to actually understand to what extent you have an edge doing what you are doing. To do this, you should be using standard sorts of risks. Get the basics in place, just do not think you have to always be basic. Once you have good basics in place and actually make a bit of money, you can section off profits for higher risk versions of strategies. The basic concepts of money management are golden. For longevity and large funds; learned them and use them! Just don’t forget to think for yourself once you have done that.

Update -

Okay, I have thought this through a bit more and decided I don't want to post my live account investor login, because it has my full name and I do not know who any of you are. Instead, for copying/observing, I will give demo account login (since I can choose any name for a demo).
I will also copy onto a live account and have that tracked via Myfxbook.
I will do two versions. One will be FIFO compliant. It will trade only single trade positions. The other will not be FIFO compliant, it will open trades in batches. I will link up live account in a week or so. For now, if anyone wants to do BETA testing with the copy trader, you can do so with the following details (this is the non-FIFO compliant version).

Account tracking/copying details.

Low-Medium risk.
IC Markets MT4
Account number: 10307003
Investor PW: lGdMaRe6
Server: Demo:01
(Not FIFO compliant)

Valid and Invalid Complaints.
There are a few things that can pop up in copy trading. I am not a n00b when it comes to this, so I can somewhat forecast what these will be. I can kinda predict what sort of comments there may be. Some of these are valid points that if you raise I should (and will) reply to. Some are things outside of the scope of things I can influence, and as such, there is no point in me replying to. I will just cover them all here the one time.

Valid complains are if I do something dumb or dramatically outside of the strategy I have laid out here. won't do these, if I do, you can pitchfork ----E

Examples;

“Oi, idiot! You opened a trade randomly on a news spike. I got slipped 20 pips and it was a shit entry”.
Perfectly valid complaint.

“Why did you open a trade during swaps hours when the spread was 30 pips?”
Also valid.

“You left huge trades open running into the weekend and now I have serious gap paranoia!”
Definitely valid.

These are examples of me doing dumb stuff. If I do dumb stuff, it is fair enough people say things amounting to “Yo, that was dumb stuff”.

Invalid Complains;

“You bought EURUSD when it was clearly a sell!!!!”
Okay … you sell. No-one is asking you to copy my trades. I am not trading your strategy. Different positions make a market.

“You opened a position too big and I lost X%”.
No. Na uh. You copied a position too big. If you are using a trade copier, you can set maximum risk. If you neglect to do this, you are taking 100% risk. You have no valid compliant for losing. The act of copying and setting the risk settings is you selecting your risk. I am not responsible for your risk. I accept absolutely no liability for any losses.
*Suggested fix. Refer to risk control in copy trading software

“You lost X trades in a row at X% so I lost too much”.
Nope. You copied. See above. Anything relating to losing too much in trades (placed in liquid/standard market conditions) is entirely you. I can lose my money. Only you can set it up so you can lose yours. I do not have access to your account. Only mine.
*Suggested fix. Refer to risk control in copy trading software

“Price keeps trading close to the pending limit orders but not filling. Your account shows profits, but mine is not getting them”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
* Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Buy limit orders will need to move up a little. Sell limit orders should not need adjusted.

“I got stopped out right before the market turned, I have a loss but your account shows a profit”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Stop losses on sell orders will need to move up a bit. Stops on buy orders will be fine.

“Your trade got stopped out right before the market turned, if it was one more pip in the stop, it would have been a winner!!!”
Yeah. This happens. This is where the “risk” part of “risk:reward” comes in.

“Price traded close to take profit, yours filled but mines never”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
(Side note, this should not be an issue since when my trade closes, it should ping your account to close, too. You might get a couple less pips).
*** Suggested fix. Compare the spread on your broker with the spread on mine. Adjust your orders accordingly. Take profits on buys will need to move up a bit. Sell take profits will be fine.

“My brokers spread jumped to 20 during the New York session so the open trade made a bigger loss than it should”.
Your broker might just suck if this happens. This is brokerage. I have no control over this. My trades are placed to profit from my brokerage conditions. I do not know, so can not account for yours. Also, if accounting for random spread spikes like this was something I had to do, this strategy would not be a thing. It only works with fair brokerage conditions.
*Suggested fix. Do a bit of Googling and find out if you have a horrific broker. If so, fix that! A good search phrase is; “(Broker name) FPA reviews”.

“Price hit the stop loss but was going really fast and my stop got slipped X pips”.
This is brokerage. I have no control over this. I use a strategy that aims for precision, and that means a pip here and there differences in brokerage spreads can make a difference. I am trading to profit from my trading conditions. I do not know, so can not account for, yours.
If my trade also got slipped on the stop, I was slipped using ECN conditions with excellent execution; sometimes slips just happen. I am doing the most I can to prevent them, but it is a fact of liquidity that sometimes we get slipped (slippage can also work in our favor, paying us more than the take profit would have been).

“Orders you placed failed to execute on my account because they were too large”.
This is brokerage. I have no control over this. Margin requirements vary. I have 1:500 leverage available. I will not always be using it, but I can. If you can’t, this will make a difference.

“Your account is making profits trading things my broker does not have”
I have a full range of assets to trade with the broker I use. Included Forex, indices, commodities and cryptocurrencies. I may or may not use the extent of these options. I can not account for your brokerage conditions.

I think I have covered most of the common ones here. There are some general rules of thumb, though. Basically, if I do something that is dumb and would have a high probability of losing on any broker traded on, this is a valid complain.

Anything that pertains to risk taken in standard trading conditions is under your control.

Also, anything at all that pertains to brokerage variance there is nothing I can do, other than fully brief you on what to expect up-front. Since I am taking the time to do this, I won’t be a punchbag for anything that happens later pertaining to this.

I am not using an elitist broker. You don’t need $50,000 to open an account, it is only $200. It is accessible to most people - brokerage conditions akin to what I am using are absolutely available to anyone in the UK/Europe/Asia (North America, I am not so up on, so can’t say). With the broker I use, and with others. If you do not take the time to make sure you are trading with a good broker, there is nothing I can do about how that affects your trades.

I am using an A book broker, if you are using B book; it will almost certainly be worse results. You have bad costs. You are essentially buying from reseller and paying a mark-up. (A/B book AKA ECN/Market maker; learn about this here). My EURUSD spread will typically be 0.02 pips or so, if yours is 1 pip, this is a huge difference.
These are typical spreads I am working on.

https://preview.redd.it/yc2c4jfpab721.png?width=597&format=png&auto=webp&s=c377686b2485e13171318c9861f42faf325437e1


Check the full range of spreads on Forex, commodities, indices and crypto.

Please understand I want nothing from you if you benefit from this, but I am also due you nothing if you lose. My only term of offering this is that people do not moan at me if they lose money.

I have been fully upfront saying this is geared towards higher risk. I have provided information and tools for you to take control over this. If I do lose people’s money and I know that, I honestly will feel a bit sad about it. However, if you complain about it, all I will say is “I told you that might happen”, because, I am telling you that might happen.

Make clear headed assessments of how much money you can afford to risk, and use these when making your decisions. They are yours to make, and not my responsibility.

Update.

Crazy Kelly Compounding: $100 - $11,000 in 6 Trades.

$100 to $11,000 in 6 trades? Is it a scam? Is it a gamble? … No, it’s maths.

Common sense risk disclaimer: Don’t be a dick! Don’t risk money you can’t afford to lose. Do not risk money doing these things until you can show a regular profit on low risk.
Let’s talk about Crazy Kelly Compounding (CKC). Kelly criterion is a method for selecting optimal bet sizes if the odds and win rate are known (in other words, once you have worked out how to create and assess your edge). You can Google to learn about it in detail. The formula for Kelly criterion is;
((odds-1) * (percentage estimate)) - (1-percent estimate) / (odds-1) X 100
Now let’s say you can filter down a strategy to have a 80% win rate. It trades very rarely, but it had a very high success rate when it does. Let’s say you get 1:2 RR on that trade. Kelly would give you an optimum bet size of about 60% here. So if you win, you win 120%. Losing three trades in a row will bust you. You can still recover from anything less than that, fairly easily with a couple winning trades.
This is where CKC comes in. What if you could string some of these wins together, compounding the gains (so you were risking 60% each time)? What if you could pull off 6 trades in a row doing this?
Here is the math;

https://preview.redd.it/u3u6teqd7c721.png?width=606&format=png&auto=webp&s=3b958747b37b68ec2a769a8368b5cbebfe0e97ff
This shows years, substitute years for trades. 6 trades returns $11,338! This can be done. The question really is if you are able to dial in good enough entries, filter out enough sub-par trades and have the guts to pull the trigger when the time is right. Obviously you need to be willing to take the hit, obviously that hit gets bigger each time you go for it, but the reward to risk ratio is pretty decent if you can afford to lose the money.
We could maybe set something up to do this on cent brokers. So people can do it literally risking a couple dollars. I’d have to check to see if there was suitable spreads etc offered on them, though. They can be kinda icky.
Now listen, I am serious … don’t be a dick. Don’t rush out next week trying to retire by the weekend. What I am showing you is the EXTRA rewards that come with being able to produce good solid results and being able to section off some money for high risk “all or nothing” attempts; using your proven strategies.
I am not saying anyone can open 6 trades and make $11,000 … that is rather improbable. What I am saying is once you can get the strategy side right, and you can know your numbers; then you can use the numbers to see where the limits actually are, how fast your strategy can really go.
This CKC concept is not intended to inspire you to be reckless in trading, it is intended to inspire you to put focus on learning the core skills I am telling you that are behind being able to do this.
submitted by inweedwetrust to Forex [link] [comments]

Why Trade with AVFX Capital

Why Trade with AVFX Capital
https://preview.redd.it/5h2wtwqiawd41.jpg?width=800&format=pjpg&auto=webp&s=f474bcbd1b8c250e12fcb2d4412eed7b245b5101
AVFX forex trading professionals are always ready to assist you for safe and secure trading. Join AVFX Capital and get the following benefits as well.
· A pure ECN Forex Broker.
· Flexible leverage upto 1:500.
· FX, Gold, Crypto, Oil and World Indices trading on one Platform.
· Raw spreads starting from 1 pip to 2 pips.
· Free Forex Training.
· Dedicated Account Manager.
· Dealing Services.
· Instant Deposit and Withdrawal upto some hours.
· No Slippage.
· Swap Free Accounts.
· Free Trading Signals and SMS Alerts.
24/5 Customer Support
submitted by annieavfx to u/annieavfx [link] [comments]

Are there any U.S. brokers that offer an ECN account with a min. deposit of less than $100?

submitted by victorystroke to Forex [link] [comments]

Best ECN Broker - XtreamForex

Best ECN Brokers are brokers who use an Electronic Communications Network to provide price passage and trading chance to their traders. ECN Forex brokers are becoming exceedingly popular among modern traders due to the multitude of benefits of an ECN account. Open an ECN Trading Account and start your live trading with XtreamForex. Earn real money in the forex market with world best ECN Broker. You can learn everything about ECN Broker in this video. Check it. https://s33.aconvert.com/convert/p3r68-cdx67/gcg8i-cz961.mp4
submitted by SaritaXtreamForex to u/SaritaXtreamForex [link] [comments]

Where is the commission in Forex Trading?

There are several broker who takes the order to an exchange and attempts to execute it as per the customer's instructions. But still is there any commission?
submitted by mirriammacwilliams to investing [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

A warm welcome to FP Markets

A warm welcome to FP Markets
We're very proud to announce you as a no.1️⃣ #ForexBroker in 2019 😉
Because we found some extra and unique things that every trader deserve it. Let's check why we recognized as a top #broker in Asia:
- Incorporated in Sydney, Australia 🦘 - 14 years of successful experience 👩‍🦱 - 35 Industry Awards 👑 - Offers a range of Account types, suitable for all kind of traders 😻 - 50+ FX pairs, metals, indices and commodities 😲 - Flexible leverage 500:1 🥳 - True ECN Pricing using ultra-fast NY4 Equinix Servers in New York 👦 - and uncountable trading advantages 🧖‍♀️
👉 Full overview at https://www.topasiafx.com/best-forex-brokefp-markets 👉 Forex Peace Army Review: http://bit.ly/2M7kJTg
#brokerreview #bestforexbroker #fx #fpmarkets #forextrading #forex#onlinemoney #trading #overview #ecn #cfd #foreignexchange #broker2019#asiaforex

https://preview.redd.it/931khywa37f31.jpg?width=960&format=pjpg&auto=webp&s=e7bc888f30e0e0e5f1ada06bcfeda180f63dce08
submitted by ronykhanfx to TopAsiaFX [link] [comments]

Online Trading Advantages and Disadvantages

Online Trading Advantages and Disadvantages
Online trading, or direct access trading (DAT), of budgetary instruments has turned out to be exceptionally well known over the most recent five years or something like that. Presently practically all money related instruments are accessible to exchange online including stocks, securities, prospects, alternatives, ETFs, forex monetary standards and common assets. Online trading varies in numerous things from conventional trading rehearses and various procedures are required for benefitting from the market.
In customary trading, exchanges are executed through a dealer by means of telephone or by means of some other imparting strategy. The representative help the dealer in the entire trading procedure; and gather and use data for settling on better trading choices. Consequently of this administration they charge commissions on merchants, which is regularly high. The entire procedure is generally moderate, taking hours to execute a solitary exchange. Long haul speculators who do lesser number of exchanges are the principle recipients.
In online trading, exchanges are executed through an online trading stage (trading programming) given by the online agent. The intermediary, through their foundation offers the broker access to showcase information, news, diagrams and cautions. Informal investors who need constant market information are given level 1.5, level 2 or level 3 market get to. All trading choices are made by the broker himself with respect to the market data he has. Frequently dealers can exchange more than one item, one market or potentially one ECN with his single record and programming. All exchanges are executed in (close) constant. Consequently of their administrations online merchants charge trading commissions (which is frequently low - rebate commission calendars) and programming use expenses.
Points of interest of online trading incorporate, completely mechanized trading process which is merchant autonomous, educated basic leadership and access to cutting edge trading apparatuses, dealers have direct authority over their trading portfolio, capacity to exchange various markets and additionally items, continuous market information, quicker exchange execution which is critical in day trading and swing trading, markdown commission rates, decision of steering requests to various market creators or masters, low capital necessities, high influence offered by intermediaries for trading on edge, simple to open record and simple to oversee account, and no geological cutoff points. Online trading favors dynamic dealers, who need to make fast and continuous exchanges, who request lesser commission rates and who exchange mass on influence. Be that as it may, online trading isn't here for all brokers.
The drawbacks of online trading incorporate, need to satisfy explicit action and record essentials as requested by the agent, more serious hazard if exchanges are done broadly on edge, month to month programming use charges, odds of trading misfortune as a result of mechanical/stage disappointments and need of dynamic rapid web association. Online brokers are completely in charge of their trading choices and there will be frequently nobody to help them in this procedure. The charges engaged with trading fluctuate impressively with specialist, market, ECN and kind of trading record and programming. Some online representatives may likewise charge inertia expenses on merchants. https://www.livingfromtrading.com/
https://www.livingfromtrading.com/
submitted by snowcartel0 to marketingservice [link] [comments]

Coinexx Review - The Crypto FX Broker

Coinexx.com is one of the new- gen hybrid Crypto Forex Broker. They offer Forex CFDs, Commodities, Indies and Crypto pairs for trading. The competitive spreads, low commissions and good trading conditions are getting the broker rave reviews.
Coinexx doesn’t require any identity verification for traders to set up an account. The broker has a strict “no fiat” policy meaning you cannot deposit in traditional fiat currencies. They offer 25 crypto currencies to deposit and withdraw at no cost. The deposits are auto & instant and withdrawals within 24 hours. They offer both metatrader platforms, i.e. MT4 and MT5 to clients to trade on their ECN account. The traders can choose between a BTC, BCC, LTC, USD and ETH base currency account.
What Stands Out
- Any to Any deposit & withdrawals between 25 altcoins
-Tight Spreads- 500X leverage and leveraged crypto pairs
-Commission at just $2 per lot, lowest from our list of brokers
- No Verification Anonymous Account Opening
- Accepts US clients, Canadian Clients and is NON ESMA
- Live Chat Support 24/5 (unusual for a Crypto Broker)
- Trust Factor – 5/5 stars
Con –
MT4 Missing. The broker argues that since Meta Quotes will not be updating MT4 and all ultimately MT4 brokers will have to transition to MT5 so they decided to offer MT5 only. More of their business decision not a Con per say. [Update: Coinexx is now offering MT4 platform to traders]
Scam Alert – NIL
PS: the review is based on facts collected from internet as well as other forums and after testing the broker's live account by our moderators. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
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Breaking News: Coinexx acquired FinPro Trading.

What does this mean for FinPro Trading traders?
You will continue to trade on the same MT4 trading terminal that you are currently using at Finpro, with your existing MT4 login ID/Password. The commission charges will continue to be the same while the spreads will become better than what they used to be at Finpro.

submitted by PetersonPaul7 to CryptoForexBrokers [link] [comments]

"Extreme Edge" Strategy - Low Risk and Stable for Copying.

Extreme Edge Strategy
READ THIS BEFORE MAKING COPYING DECISIONS!

This strategy is simple one, but one of the most effective ones I know. I will explain the strategy in full in another post. When you learn the concepts of it, you should find profiting in trending markets to be far easier. When markets form in trending patterns, this is an extremely successful strategy.

The strategy may or may not trade a lot. It all depends on if the market fills specific levels where I consider there to be an “extreme edge” (literally, I think it is the best trade available on the market that happens often enough to build ongoing strategies around).

In ranging markets the default strategy does not work well, because it is designed for trend trading. However, in ranging markets trades will be generated from a slight adaptation, but the same entry principles.

Brokerage:
The strategy will work best on ECN brokers. For optimum results, it has a few requirements. Including tight spreads, good execution and ability to trail stops with no limitations. I am using IC Markets. You should be using a broker of similar quality.

For people who have to use brokers sub-par to IC Markets (for whatever reason), I will concurrently run a version of the strategy on higher time-frames. To get only these trades, set the copy trader to filter out trades with stop losses under 15 pips

Money Management:

This master account will trade only positions of 0.01. You can use your copy traders settings to select the lot size you want to use. It will trade a maximum of 4 positions. You can reduce risk by trading less positions using copy trader settings.

You should account for losing at least 250 pips per 0.01. This is around $25 (a bit less on some pairs). So if you are using *4 0.01, you should account for it being probable at some point $100 losing streak can be hit. Set your risk according to what you can lose, and if that is under $25; do not do this!

You can set your maximum loss using the copy trader, but if it will work out to be under 250 pips per 0.01, you are probably better scaling down risk. 250 pips is 10 - 25 losing trades in a row, which should be rare but can happen.

Make sure you set up (and test) that you are using the right settings. The right fixed lot size and the right number of trades. The trading on my account will assume you have these risk caps in place and aim to be profitable on such parameters

READ THIS BEFORE MAKING COPYING DECISIONS!

Leverage and margin requirements:

The max risk version can be copied on 1:50 leverage with an account balance of $200.

Extra Notes:

. This strategy will always use pending orders. So it can be used as somewhat of a signals service as well as copying.

One thing I hope following this strategy can help people with is it showing them points where you are probably losing money (n00b mistakes) and how there can be a better trade on the other side.

This should become more clear upon reading the full strategy description, to be posted soon.

If copying, please do remember to take the time to test the copier settings and ensure they work properly.

READ THIS BEFORE MAKING COPYING DECISIONS!

Login Details
Platform: IC Markets MT4
MT4#:: 10333388
Investor Password: u/inweedwetrust

If linking any accounts, please send me details of Myfxbook/FX Blue so I can check results and make sure it runs properly.

READ THIS BEFORE MAKING COPYING DECISIONS!

Edit: Strategy description. https://www.reddit.com/Forexnoobs/comments/aet6am/the_best_single_trade_on_the_market_imo/
submitted by inweedwetrust to ForexCopy [link] [comments]

Intraday ECN Copying (Best)

This is the version of various different strategies I am planning on running that I expect to preform the best.
Myfxbook: http://www.myfxbook.com/members/inweedwetrust/intraday-copy-trading/3117881


It is intraday trading. It will take multiple positions at a time, with varying risk depending on market conditions.

If copying, this should be copied directly. You should not edit not settings. You should not scale up, nor scale down risk (you can if you want, but I am not trading this intending it to be coped on default).

It is essential excellent brokerage is used. There will be stops of a few pips, there will be trailing stops tight to market price and many things that will not work on non ECN brokers. The results shown are the results you will get trading with IC Markets.

The strategy requires a minimum of $200 to copy.
Platform IC Markets MT4
MT4 Account number - 10361054
Investor password - u/inweedwetrust (ignore hyperlink)
Server demo 01.

This is tested and ready for live copying.

Myfxbook: http://www.myfxbook.com/members/inweedwetrust/intraday-copy-trading/3117881

Copying info (essential reads)
https://www.reddit.com/ForexCopy/comments/abogzf/how_to_copy_trades/


submitted by inweedwetrust to ForexCopy [link] [comments]

TurnkeyForex Review - The Forex Broker

TurnkeyForex is a pure ECN broker who offers the MT4 for trading CFDs. The instruments offered are Forex, Commodities and Indices. Apart from offering very tight spreads, the broker offers one of lowest commissions we’ve come across from a Fx Broker - $2 per 100 k on a round trip. You can trade on an ECN, standard STP, Islamic and Micro account with them. While demo testing, the moderators were impressed with the execution and trading conditions.
There are multiple bonus offers that turnkey forex offers with one being commission free trading for a month. You can find more details on their website
What Stands Out - Low Commissions - Tighter Spreads-Responsive customer support -Leverage 400X -Accepts US clients, Canadian Clients and is NON ESMA -Trust Factor – 5/5 stars (as per website reviews)
Scam Alert – NIL
PS: the review is based on facts collected from internet as well as other forums. Let us know what you think about the broker in the comments below and/or if you hold a different view that what has been said above.
submitted by PetersonPaul7 to CryptoForexBrokers [link] [comments]

How to Copy Trades.

You will be able to copy trades from any of the strategies posted here by logging into using the details provided, and then linking up a free copy trader to send trades over to an account of your choosing.
All the accounts I post for copying will be demo accounts. I will also be running the strategies on live accounts, I am providing demo accounts for copying so as to protect privacy (if I give you a login for a live account, it has my full name; I do not know any of you). If you think trades on a demo account are not to be taken seriously, no problem. You are under no obligation at all to copy them, or even take them seriously.

Copy Trading Software
You can use a free copy trader from FX Blue for MT4.
Please be sure to consult the manual if you need any help.

Please before you begin copying, please make sure you have read and understood everything in this post.

The strategies will all be traded on IC Markets under true ECN conditions. The strategies will work best when using similar high quality trading conditions. The results may be dramatically different on less quality brokers.

Let it be fully understood, I am not a financial advisor and nothing I say should be construed as financial advice. By me making this option for you to watch/copy my trades, I am not tell you to do it, nor am I liable for any losses that copying any of the strategies posted here may result in. You are responsible for assessing your own risks. Trading on leverage can be extremely risky and not suitable for all investors.


submitted by inweedwetrust to ForexCopy [link] [comments]

Casino gamblers lose 70% of the time Forex 96% of the time

I have been trading Forex for a pretty long time. I do price action mostly, I use levels you name it and I can win 10 trades in a row easily and for some reason long term it takes 1 trade to wipe me out. I used stops but my broker is an ECN and widen the spreads right as I approach my TP level. The only way to close the trade is to watch it with no SL. Even when I use SL Ill go through long winning streaks and then it takes 1 losing streak to wipe me out
When I had a lot of money I used to gamble frequently played poker, made and loss money roughly 50% of the time. I used to play roulette and I won a lot of money frequently playing basic strategy. Now with Forex I have done an insane amount of research I followed and filtered through thousands of people on Myfxbook, Mql5 you name it and no one wins long term! They usually trade with massive drawdown to keep winning but eventually they can't recover from the drawdown all of them! What they do when they blow up an account they delete the other profile and start again.
Statistics are 70% of casino gamblers lose and 96% and possibly more Forex traders lose everything or lose overall!
I just did a basic Googe search to find the 96% http://bit.ly/2nf2Zrr
Some reports say 20-38% of traders win and make money and 100% lose money on there first account. Those are around the same odds of walking into a casino and putting your money into a random slot machine. Would you go to a casino every day to make a living?
Are any of you part of the 4% or less who actually frequently make a living for years at Forex? If so what's your winning strategy?
submitted by Creative310 to Forex [link] [comments]

Forex Brokers - The Truth About Brokers - ECN vs Market Makers what is an ecn forex broker? - YouTube What is ECN? The advantages of trading with ECN brokers ... IC Markets trusted Broker? - Forex ECN Broker Review for ... How To Trade Forex The Difference Between Var and Ecn Accounts True ECN Forex Brokers 2019 - YouTube ECN Vs Standard Account

To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc. Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19 100% unabhängiger ECN / STP Broker Vergleich Über 11 ECN / STP Broker im Test mit Erfahrungsberichten von Tradern Jetzt lesen! ECN Forex Broker - Open an ECN trading account and start trading with FXOpen ECN currency trading The lowest spreads $100 Deposit. Try now! ECN account execution. ECN accounts first appeared in 1999. Since then, the system has been constantly extending and growing popular. Its members are large banks, broker companies, various funds, individual traders. Thanks to a big number of participants and high liquidity, ECN executes orders almost momentarily and with small spreads. If you choose to trade forex on an online platform provided by an ECN broker, you can be sure of the fact that others will not get to know as to who you are. Anonymity enables you to execute ... ECN account type was created for professional traders, who require best possible trading conditions of all that are available. The main differences between advanced ECN accounts and standard ones are tight spreads, from 0 pips, and the commission for performed transactions, which depends on their volume. Several types of assets are available for trading on ECN accounts, such as currency pairs ... One of the major benefits of an ECN broker and a connected Forex trading account is trading consistency. Given the nature of Forex trading, a break is not essential, nor does it ever occur between trades. When you take advantage of an ECN broker, you can amenably trade during events and news, with it being likely to create a real flow of activity. This also creates an opportunity for any ...

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Forex Brokers - The Truth About Brokers - ECN vs Market Makers

Is IC Markets Scam or not? - Find out in this Forex Broker Review! Open your free account: https://bit.ly/2RtT4Ku More accurate review: http://www.truste... Standard Account Or ECN Account Trading With Gajni Forex Basics #2 - Duration: 3:17. Trading ... Forex ECN Broker Review for Traders 2020 - Duration: 13:19. Trusted Broker Reviews 15,063 views ... Here is list of top true ECN brokers for forex and CFDs Trading from https://fxdailyreport.com/true-ecn-forex-brokers/ ECN (Electronic Communications Network) is a trading network of leading financial institutions and individual traders, which is aimed to execute trades in a ... How To Trade Forex The Difference Between Var and Ecn Accounts How To Trade Forex Playlist Click here: bit.ly/38UkJO9 For Tradersway Click here: bit.ly/gettr... Having a great forex broker is an important element in your trading success. I go over the actual truth about forex brokers, and tell you exactly what ECN and Market Maker Brokers are. They ... To learn about what an ECN Forex broker is, visit ForexSignals (link: https://bit.ly/2CCFsbS) we're available inside the trading room to explain the differen...

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