ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
However, binary options has much lower entry requirements, as some brokers allow people to start trading with as low as $10. Disadvantages of Binary Trading Reduced Trading Odds for Sure-Banker Trades. The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high. While it is true that some ... Forex options come in two varieties, so-called vanilla options and SPOT options. SPOT options are binary in nature and pay out (or not) depending on the final condition of the option ... Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia. To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of ... Forex vs opções binárias. O que é melhor Esta pergunta totalmente banal é feita com muita freqüência. Banal One é uma classe de ativos, o o... The settlement, which is subject to Court approval, reserves the issues of disgorgement, prejudgment interest and a civil penalty for further determination by the court upon motion of the SEC. This marks yet another action by the US authorities against binary options scammers. Other notable examples in this respect include the criminal proceedings against Lee Elbaz, the ex-CEO of Israel-based ... What039s der Unterschied zwischen binären Optionen und Day Trading Binäre Optionen und Day-Trading sind beide Möglichkeiten, Geld (oder verl... They usually close out their contracts before settlement and rarely trade currencies physically. Forex spot vs options trade example. Suppose the EUR/USD’s exchange rate is currently at 1.3000. Forex spot traders predict that the euro will fall against the US dollar in the future. Therefore, they exchange their euros for American dollars. When the price decreases to 1.2000, these traders ... 1998 FX and Currency Option Definitions* ... the Settlement Currency; (c) in respect of a Currency Option Transaction that is not a Binary, the Call Currency and the Put Currency; and (d) in respect of a Binary Currency Option Transaction, the currencies specified as applicable to the Barrier Level in the related Confirmation. Section 1.16. Certain Definitions Relating to Non-Deliverable FX ... If you trade an AUD/USD forex pair in the FX spot market, you'll be expected to provide physical Australian Dollars in exchange for United States Dollars on settlement. Forex options trading ... Binary options are an alternative way to play the foreign currency (forex) market for traders. Although they are a relatively expensive way to trade forex compared with the leveraged spot forex ...
Difference Between Forex and Binary Options Trading - Binary Option vs Forex Trading Differences - Duration: 8:37. The Binary Logic 48,634 views BINARY OPTIONS BROKER 2020 https://bit.ly/2S0sjAV good other binary broker - https://bit.ly/3f446mm -----... Demo of our EA that gives the simplicity of binary options but without the shortcomings associated with regular binary options. The EA works with a regular spot market broker. Also, binary options are quite predictable once able to grasp the nature of it since every price movement will eventually reverse to opposite direction soon or later, so it is only a matter of ... TRUSTED SPOTS Recommended for you. 15:02 . Price Action vs Indicators Seminar - Duration: 46:37. Alex Ong Recommended for you. 46:37. Top 10 most dangerous airports in the world 2019 - Duration ... In this video, I will explain to you the differences between OTC and Weekday Binary Option Trading, how each of the markets work, whether Binary Trading affects Forex, and a powerful concept that ...