Forex Trading Platforms

“Hedging” is when you open two trades in the same thing in equal sizes in opposite directions. When the second trade is opened, this has the effect of freezing the floating profit or loss, although it is often forgotten that the overnight charges on both trades will continue to apply and will almost always be a net negative at all retail Forex/CFD brokerages, generating a small loss every time the trades are allowed to remain open over 5pm New York time. Hedging, at least in theory, negates the need to set a hard stop loss on either the long or the short trades which comprise the hedge. A further potential advantage of hedging is that as markets (especially Forex markets) tend to range most of the time, it can be possible to profit just from high volatility within a range by closing the long trade at a peak and the short trade at a trough. Many brokers do not allow hedging, but some do. It is not strictly possible under U.S. regulations, although it is possible to have two opposite tr...

FP Markets is a provider of CFD and Forex trade platforms providing execution services to clients from over 100 countries from around the world. The business is 100% Australia owned with its headquarters in Sydney. Founded and regulated by the Australian Securities and Investment Commission (ASIC) in 2005, FP Markets has a strong operational track record over the past 14 years. The company now has offices worldwide and it services thousands of clients from around the world and executes billions of dollars of transactions each month. Open Live Account Open Demo Account - advertisement - FP Markets offers over 10,000 trading instruments across Equity CFDs, Futures CFDs, Indices, Forex and Bitcoin, making it one of the largest offerings in the industry. FP Markets pioneered the Direct Market Access (DMA) CFD model in Australia which promotes fair and transparent pricing and focuses on the best possible order execution for clients. We are still committed to provide DMA pricing for pr...

Prime of prime or retail? Trading experience intended to lose or gain, the burrito-based future of FX, and the Eurostar about to become a one-way street In this weekly series, I look back on what stood out, what was bemusing, amusing and interesting during my weekly travels, interesting findings within the FX industry and interaction with an ever-shrinking big wide world. This is purely observational and for your enjoyment. Monday: When is an exchange not an exchange? If you’ll pardon the pun, this Monday consisted of an exchange of views between me and a longstanding colleague of mine in London, who raised an important issue that really does merit further and wider discussion, not least because it has been mentioned before over recent times especially within non-bank liquidity circles. This particular matter centers around what exactly constitutes a provider of institutional liquidity to brokerages, and how the prime of prime brokerage model should operate according to its text...

One of the most common complaints about Forex is the high barrier of entry. With a value of a standard lot being 10 000 USD, a lot of traders prefer to skip the market entirely. However, there is no legal minimum for day-trading Forex — unlike with stocks and most other commodities. In fact, you can start trading Forex completely for free. On the other hand, it doesn’t mean that you should. There are lots of risks attached to the low-capital accounts, and they require a lot more skill to remain profitable. So let’s review the different Forex account types and see how much you really have to spend to start using each one. You should never put into a single trade more than 1% of your starting capital. - advertisement - Cent Account Cent accounts have been made specifically for the traders with the low starting capitals. They “multiply” all investments by 100 and divide all the payouts by the same amount. At first glance, it seems like a gimmick, but that gimmick allows you to trade...

The Forex market made a deliberate decision to adopt the  MetaTrader 4 Android app trading platform as a market standard. But there is a very good reason why this decision was arrived at. For starters, MetaTrader offers advanced technology and heightened security, which allows you to open and close forex positions without worrying about the stability of your platform. Also, the platform offers more than 50 indicators all of which come preinstalled. It gives you 9 different time frames as well 3 different chart times. These features enable you to monitor the market with greater accuracy which enables entry and exit from the market with remarkable timing. Here are the reasons why the MetaTrader 4 is so popular with forex traders. 1. It’s available across desktop, web and mobile devices Whatever platform that you select, you can run the MT4 android app without experiencing unnecessary lagging effect on your device. It is light and won’t overload the system, which makes it fast for...

Trading platforms are essentially software programs that can transmit real-time information over a secure communication network. At the onset, a trading platform typically streams real-time prices, charts, marketdepth and news along with a wide array of market information and tools to assist traders in their decision making process. Once the choice is made and the order placed, the platform is then used to monitor all trade related information such as margins utilized, MTM, profits/losses, account information etc. These platforms are presented by a financial intermediary to their clients either FREE of cost, for a fee or based on certain criteria such as size of the client account, minimum number of trades to be carried out during a certain period and so on. The key purpose of a trading platform is to monitor stats as and when they occur although the quantum of information shared can vary across markets and from one broker to the other. In exchange traded markets for example, the p...

Not that long ago we’ve decided to host a contest for the users of our website and give away $1,000. The only thing our users had to do was to provide us with his/her email address. Moreover, one could acquire several entries through various means of engagement. Thus, the contestant could initially send the application three times maximum, however, if s/he invited a friend to participate in a contest, or shared a link on Facebook/any other social media, the number of possible applications was increasing. Below you may see the number of participants, as well as the number of real entries: Who’s the winner? Now the contest is over and the winner is chosen. And the winner was kind enough to share his feelings and thoughts about him winning the contest. Hi Marian, first of all, congratulations on becoming a winner of the contest. How does it feel? Hello! Well, I might say it is truly wonderful to experience such luck in my life. I won $1,000, of course, I am happy about that! Awesom...

The Cyprus Securities and Exchange Commission (CySEC) has flagged two websites belonging to foreign exchange (forex) related firms that it believes to be suspicious, this Tuesday. The websites in question belong to Capital Swiss FX and EXPERT FX TRADE. According to the statement released today, the two websites – capitalswissfx.com and expertfxtrade.com, do not belong to authorised entities. This means they are not allowed to provide investment services in Cyprus. Discover iFX EXPO, Your Gateway to Asian Markets! Despite not being authorised to do so, as you can expect, both websites facilitate the trading of forex and cryptocurrencies. However, it is important to note that the website EXPERT FX TRADE is blocked on Google. Taking a look at Capital Swiss FX, according to its website, it is a trading provider for forex, cryptocurrencies, commodities and more. It apparently facilitates this trading through MetaTrader 4 and a trading app. CySEC states that the abovementioned websit...

MetaTrader vs. cTrader: Forex Trading Platform Comparison MetaTrader by Metaquotes has dominated the forex markets for quite a long period. Recently, it also launched its new version MetaTrader 5 (MT5) . However, it is not the only software which you can use to trade the forex markets. A formidable contender is cTrader by Spotware. Choosing the right software for forex trading can make the difference between profit and loss. You cannot compromise on the trading platform when it comes to forex trading. We will today compare both of these trading platforms to provide you with a clear perspective. We will compare the companies on uniform factors which will help you clearly understand which one is better. Charts and Indicators: MetaTrader: MetaTrader 5 offers 21 different chart timeframes. The number of charts which you can view is unlimited. It provides 38 trading indicators and 68 analytical tools. The number of indicators and analytical tools in MetaTrader 5 is much higher than ...

From January to December, 2018 was a fast-paced year of massive change, requiring concentration and commitment from all. Here is a look at some of the points that stood out. Happy New Year to you all! What was that? It was the flash of an entire year passing with such inertia that the end of another decade is now imminent. 2018 was a year which delivered yet more sea changes in the continually evolving FX and electronic trading business worldwide, and keeping abreast of such changes and in some cases challenges is testimony to the skill, dedication and commercial acumen of the professionals that build, operate and innovate the most leading edge and technologically advanced sector of the financial services industry. As 2019 rushes in, the penultimate year of the twenty-tens now marks out a maturity of what began as a fledgling, that being the off-the-shelf trading retail platform MetaTrader 4 which will enter its third decade this time next year, its ubiquity now as evident as th...