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.
XE TRADER Sept.2015 REVIEW | A Scam Review? | Under The Bonnet Investigation
I personally don’t have time or money to waste on anything that smells like a scammy product or service. That’s why in early September when this product first flashed across my screen, I was compelled to investigate. “What the……. is this?” was my initial response. This might sound harsh, however, if you, the consumer are looking for shortcuts to earn and learn how to get rich overnight using Binary Option Trading as your vehicle, you really need to ask yourself the hard questions before incinerating money on products that promise quick riches. Now, fast forward to today, my comments are still emphatic, however once you read this article and review my findings you will be surprised. Throughout this article we will identifying and asking the hard questions one should ponder before purchasing any type of Auto or Semi-Auto-Trader based software. Please read and pay special attention to this article, by the end you will be educated enough to decide whether or not this product is worth investing your time and money in.
WARNING: If you are a new or an existing Binary Options trader, you must be well aware that 90% of people trading Binary Options lose their money. To avoid black holes one should train their minds to acquire a tool set that will not only assist you identifying daily trades, but also provides you the the ability to read the markets, simplifying trend analysis and most importantly educating oneself to trade effectively. Don’t fall into the trap of receiving signals and resorting to blind trading, i.e. roll the dice, cross your fingers and hope for the best.
Q1. In a competitive market, what is the purpose and point of difference with XE Trader? Answer: As a trader you have a collection of tools you use to trade, to illustrate you may have a set of tools, i.e. a knife, screw driver, pick, metal file, corkscrew etc. XE Trader is packed with many all in one features similar to that of a Swiss Army Knife, features that will enhance your trading experience. XE Trader is delivered to you as a platform not an application with its versatility you can install third party applications within this platform. September 2015, the claim has been made that “XE Trader is the world's most advanced currency pair trend indicator and signals robot designed specifically for binary options trading”. How so? “XE Trader is packed with feature rich enhancements that improve your trading experience”. The main purpose behind XE Trader is to serve as an aid in assisting traders with their understanding of trades, where the information comes from, so they can spot opportunities on their own as they arise within the markets.
Q2. Who’s behind this product, what’s their history? are they known criminals/scammers? Answer: XE Trader is brought to you by the world's largest privately owned binary options trader education company Options XE. Education in the form of Trading Webinars is a core part of Option XE's business. Following 3 years of development EX Trader is now the successor of the worlds first binary options robot Optionbot 2, their first creation. Over the years many trading bots have been released into the market, within weeks/months they crash and burn, never to be seen again. Optionbot 2 on the other hand has been and still in circulation, very popular and profitable since day one. This in itself attributes to the success of OptionXE’s first live OptionBot. “In short the XE Trader platform is more than a trading tool, it’s an all encompassing service which will help you win more trades and learn how to become a more effective trader”. The brains and brawn behind OptionBot2 and XE Trader include.
Keith Wareing.............CEO of OptionXE Jack Travers................Services Director Ben Newman...............Operations Director
As a collective these guys have been in the trading and training business for decades. Now totaling 30 staff, and a trained based of over 20,000 students, these guy’s leave no stone upturned when it comes to providing great support and training backing a solid product. The XE Trader product is a culmination of all of that work that as company Option EX achieved to date. All of their trading experience have been encapsulated into a single computer Window so you the trader can learn how to trade more effectively from home.
Q3. What are the key product features and how will these prove advantageous to me? Answer: a. Trend Indicator in also build in across 15 currency pairs. b. Push signals are available across all 30 assets, All signals provided within this platform are passed on via proven leading signal providers. c. Copy trade signals are also made available. These are particularly useful when you are attending one of Ben Newman's webinars, all of which live trading is performed on behalf attendees as they learn how to become familiar with the XE Trader trading platform. d. SMS Alerts e. Economic trading calendar: To keep you apprised of market conditions ahead of time at a glance. f. Market opening times alarm clock g. Accurate Zoomable Price Charts h. Embedded trader insight videos and bulletins surrounding market announcements and events, videos and bulletins are available on the fly.
Q4. If this is a signal service how does it connect with my existing broker? Answer: As an improvement from OptionBot2’s costly and strict broker entry requirements of 3 to 5 must have registered brokers The entry requirement for XE TRADER is just the one broker. You can even use your existing broker.
Q5. How much does this product cost? Are there any hidden costs? What’s the catch? Answer: You can pay an all up lifetime licence of 2,999 pounds, includes 1 month subscription to their daily training webinars or you can opt in for the a Free Licence offer, how long this window stays open is anyone’s guess. If this product meets popular demand and takes off as a roaring success, or if it flops, either scenario will undoubtedly have a determination as to this product windows life-cycle period.
Q6. If this sounds like a “Too good to be true” offer, what's the angle, how do the promoters profit? Answer: If the OptionBot2 is anything to go by I don’t believe this product falls into that category.
Q7. What realistically can my expectations be by connecting with this product/service? Answer: Please view the product video. Here you will find reviews by beta testers.
WARNING: As video has been published by OptionsXE, a pinch of salt could be in order, unbiased content? Well you decide. Historical sales and ITM performance form OptionBot2, would suggest that after years of further research and development of XE Trader could be a promising in this industry. What we have here is now called a platform, somewhat more than a trading tool, an all encompassing service that will help you win more trades and learn how to become a more effective trader.
Q8. If I invest in this product and it all goes very wrong, what are my options? Answer: The XE Team behind the development and support for this product are very credible, collectively they have years of knowledge and experience. Ben Newman provides live assistance and training via his complimentary webinars as a service once you register with XE Trader.
To conclude it is refreshing to see a sold rounded product unlike the other scams on the internet. Thank You for reviewing this article, I hope you have found it informative. Please leave a comment below, all the best as you complete you own due diligence and move forward.
1. Always remember when testing out any new trading ventures, manual or automatic, make sure you have a money management plan, once you have a strategy in place stick with it.
2. A FREE trading DEMO account is a great way to test out new strategies so you don’t go bust in the process. 3. Not all brokers are made equal when it comes to great customer service, being able to withdraw funds, having a user friendly, easy to use trading platform to work with. I have traded with a countless number of brokers, some I have had nightmare experiences. I prefer to trade only using industry regulated brokers tick all the boxes, as above ( I have listed these below). If you are not sure, try out one of the brokers listed below, do a background check as required, they will provide you with a demo account on request.
TAGS: XE Trader app, XE Trader information, XE Trader url, XE Trader website, XE Trader youtube video, XE Trader trading software, get XE Trader, article about XE Trader, XE Trader computer program, XE Trader the truth, XE Trader support, XE Trader support email address, XE Trader help desk, similar than XE Trader, better than XE Trader, XE Trader contact, XE Trader demo, XE Trader video tutorial, how does XE Trader work, is XE Trader the best online is XE Trader a scam, does XE Trader really work, does XE Trader actually work, XE Trader members area, XE Trader login page, XE Trader verification, XE Trader software reviews, XE Trader no fake review, XE Trader Live Broadcast, is XE Trader real, XE Trader forex trading, XE Trader binary options trading, XE Trader automated app, the XE Trader review, XE Trader signals, XE Trader mac os x, XE Trader broker sign up, protectedprofits.com, protectedprofits.com review, protectedprofits.com reviews,XE Trader free download, reviews of XE Trader, XE Trader live results, XE Trader bonus, XE Trader honest review, XE Trader 2015, is XE Trader worth the risk, XE Trader pc desktop, XE Trader free trial,XE Trader testimonial, XE Trader scam watch dog, XE Trader warrior forum, XE Trader web version, XE Trader open a account, XE Trader laptop, XE Trader revised Method 2015, XE Trader Unbiased review, is XE Trader all hype?, real people invested in XE Trader, is XE Trader a shame, XE Trader discount, XE Trader binary option watch dog review, XE Trader youtube, seriously will XE Trader work, XE Trader facebook, XE Trader activation code, XE Trader 2015 Working, XE Trader twitter, XE Trader currency trading, XE Trader real person review, XE Trader example trade, will XE Trader work on mobile phone, Completely New XE Trader, XE Trader customer service, new XE Trader, XE Trader webinar, XE Trader webinar replay, XE Trader anybody using this, XE Trader real or fake, is XE Trader live trades real, XE Trader is this a scam, is XE Trader reliable?, XE Trader honest reviews, XE Trader is it a scam, XE Trader download software, XE Trader app review, XE Trader software download, XE Trader forum, XE Trader signals, XE Trader download page, XE Trader software demo somebody using it, XE Trader binary software, XE Trader binary options review, XE Trader members, XE Trader scam or legit,XE Trader comments, minimum deposit for XE Trader, XE Trader reviews, XE Trader binary today, XE Trader pro review, XE Trader windows 7, XE Trader windows 8 and windows XP, XE Trader scam or real, XE Trader login, XE Trader has anybody out there made any money out of it?, XE Trader vip membership pass, does XE Trader work on autopilot?, XE Trader price, is XE Trader a scam or not, will XE Trader help me, real truth about XE Trader, XE Trader System, XE Trader inside members page, XE Trader software downloads, how to download XE Trader, how to access XE Trader, XE Trader Robot, how to use XE Trader, how to trade with XE Trader, XE Trader NEWS Update and details, XE Trader sign in, the XE Trader trading options, XE Trader info, XE Trader information, XE Trader searching for new winning trades, XE Trader today, XE Trader feedback, XE Trader real user review, XE Trader customer reviews, XE Trader consumer review, XE Trader Review 2015, insider john XE Trader review, george s XE Trader review, XE Trader doesn't work, is XE Trader another scam or legit, XE Trader refund, Activate XE Trader, review of XE Trader, log on to XE Trader, is XE Trader manual binary trading, XE Trader bot review, XE Trader test, XE Trader explanation, what brokers work with XE Trader software, what is XE Trader, XE Trader news, new version of XE Trader, XE Trader fan Page, XE Trader breaking news, XE Trader Register, XE Trader sign up, XE Trader broker sign up, XE Trader real proof, how to activate auto trading on XE Trader,XE Trader robot, XE Trader members area, XE Trader sign in, web version XE Trader, should i use XE Trader, XE Trader yes or no, do i need trading experience, XE Trader create account, XE Trader instructions, how to get a XE Trader demo, XE Trader special, desktop XE Trader, XE Trader Secret method, Join XE Trader, XE Trader ea trading app, XE Trader limited time, XE Trader pros and cons, XE Trader bad reviews, is XE Trader software automatic binary trading, XE Trader negative and positive review, XE Trader Author, XE Trader creator, who made XE Trader, what is the XE Trader, XE Trader real review, XE Trader broker, XE Trader sign up broker, XE Trader sign up broker review, XE Trader fund broker, XE Trader how to fund broker,XE Trader deposit funds into broker, how does XE Trader trade, XE Trader trading bot, what is XE Trader and cost?, XE Trader strategy, XE Trader password reset, XE Trader beta tester, XE Trader comparison, XE Trader questions and answers, rate & review XE Trader, rate and reviews XE Trader, is XE Trader site legit?, XE Trader reviews online, is XE Trader for real, XE Trader login page, XE Trader results, XE Trader winning and losing trades, XE Trader overview, XE Trader training, how to setup XE Trader, XE Trader home, real testimonial on XE Trader system, XE Trader real time trading, start trading with XE Trader, XE Trader proof, XE Trader the truth, Get XE Trader, XE Trader Review
Economic Calendar Widget Economic Calendar Widget shows key upcoming economic events, announcements and news. You can set up relevant economic calendar filters in a few clicks, selecting event importance and affected currencies. Your free realtime economic events calendar for forex traders from forexlive. Use our forex economic calendar and view events for today or this week. Our forex economic calendar allows you to view important economic events by time period, currency, market impact. Definitions are available for each event. Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in. Select specific time zones and currencies of interest and apply filters to ... Economic Calendar; Forex Charts; Stocks Charts; Indices Charts; Trading Hours; Platform. MynetCoin WebTrader ; Investing. Junior Account; Advanced Account; Elite Account; Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to ... Download our free DailyFX Economic Calendar indicator to view important forex news directly on your trading charts. 😸 Note: I update this calendar every Monday, between London and NY sessions.I only add medium to high impact economic events here, and occasionally some relevant holidays abroad. Low impact ones are ignored (deal with it). If you want the option to be able to add that, plus filter other currencies, or have an economic calendar ready on your phone way earlier, you can check out the steps for ...
How to Analyzeuse and read news Data forex factory news ...
FOREX Factory is a complete source (All in one) of news, tips, the economic calendar for FOREX, Crypto, and others (metal, commodities). In this video, I will demonstrate how to use the forex ... Using The Economics Calendar To Make Profitable Forex Trades Sponsored by Alvexo - Duration: 41:52. Investor Trading Academy 11,292 views. 41:52. The economic calendar, which details upcoming economic releases, speeches, interest rate meetings, and much more. In the following material, we will discuss some best practices around using an ... The Economic Calendar is the list of events that influence the largest global economies and their currencies. When new traders enter the financial world they... Trading the Economic Calendar ... Mike N 17,634 views. 51:19. The Secrets Of Candlestick Charts That Nobody Tells You - Duration: 29:25. Rayner Teo 194,561 views. 29:25 . How To Trade Around News ... How to Trade Forex News and event Forex Economic Calendar Guide What is the purpose of Economic Calendar Economic releases come out from time to time. They are released by the government or ... How to Analyzeuse and read news Data forex factory news calendarforex factory gold strategy forex factory,forex trading,forex market,forex news,forex calen...