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 Forex Version XI, Foreign Exchange Market Discussion

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flipflap
post Nov 19 2012, 12:14 PM

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QUOTE(solstice818 @ Nov 18 2012, 07:25 PM)
Good stuff explaining...post like this inspires more worthwhile discussion than some post promoting this and that.

So, just to satisfy my curiosity, any recommended ECN accounts? I have heard of FX Open AUS, their review wasnt that bad either.
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haha.. interesting that you said that, I did try to market my website but I was trying to promote trading psychology (i'm a blogger who is trying to write ebooks to sell). however, I realise that retail traders (as oppose to institutional traders) don't really care about trading psychology, so I'm slowly giving up on trying to stop ppl from gambling.. when they see the promo posts, they all get excited. blink.gif oh well.. such is life

anyway, I'm using FXCM and Axitrader.

As I mentioned on the other post, FXCM charges USD7 per 100k lot, Axi charges about AUD$7 per 100k lot. AUDUSD is near-ish parity, so they are not too much diff. I know for certain that FXCM is a safe broker (they are pretty big, i THINK they are listed in US stock exchange and they also own http://www.dailyfx.com/). Axi is an Australian regulated broker, they keep their money mainly in HSBC, so, again, pretty safe.

if you're really keen to open with them, I have a promo code where I can get cashback, happy to split the money. PM me if you're interested. And NO, I don't work for either of them but this is my marketing for today.. lol..

FX Open seem to have good rates (see link) but not sure what their commission is and don't know their background, so can't comment.

http://www.fxintel.com/

Hope that helps.


Added on November 19, 2012, 12:36 pm
QUOTE(AllnGap @ Nov 19 2012, 08:43 AM)
i'm trading on AdmiralMarkets on EU is 1pip spread(AUD=3, GBP=2) during liquid hours.

the other thing is not slippage. it's how the broker rip you off when you place orders as the price will move a pip higher or lower.

that is why i dont buy all those low spread marketing. it's fixed spread and accurate placing of bets that matters.

There is no ECN for small accounts. They can call it ECN but it's not the real ECN.
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hey AllnGap,

I think I understand now but I also think there's some gap in what you're saying.

AdmiralMarkets is actually an ECN account too. However, there are 2 types of ECN account

- raw + spread (var commission)
- raw + commission (fix commission)

if you are on the standard account, you are paying a variable commission. This is a lot more transparent because you can see the spread and you know what you're paying. nonetheless, I have to agree with you, fix commission is less transparent and it can be quite annoying if you don't understand.

anyway, just sharing my view.

This post has been edited by flipflap: Nov 19 2012, 12:36 PM
jeanhl
post Nov 19 2012, 05:46 PM

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QUOTE(solstice818 @ Nov 18 2012, 06:25 PM)
Good stuff explaining...post like this inspires more worthwhile discussion than some post promoting this and that.

So, just to satisfy my curiosity, any recommended ECN accounts? I have heard of FX Open AUS, their review wasnt that bad either.
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You can try pepperstone ecn. I'm using now and so far very happy with them. Their spread among the lowest you can get


Added on November 19, 2012, 5:55 pm
QUOTE(mpips @ Nov 19 2012, 10:53 AM)
it doesn't matter as long as my ea is sustainable since dec 2009 until now.
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Actually it does matter, what's the point if you have big drawdowns and you can't withdraw the money. It's the equity growth that matters most



This post has been edited by jeanhl: Nov 19 2012, 05:55 PM
qwertyuioped
post Nov 19 2012, 09:10 PM

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guys how do you confirm trendline break? example like this one, confirm downtrend start?
» Click to show Spoiler - click again to hide... «


oh btw this broker quite nice la the spread, macam ecn. trading using the free 8$ bonus now. tongue.gif lol cheapskate. sorry guys, not advertising just wanna share.
kenjikyuki89
post Nov 19 2012, 09:23 PM

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Price is looking better this week so far, good start, if it breaks last weeks high around 1.28 we can easily go back to 1.30 area after that.. So far one higher low, however two would give a better conviction. On the other hand if it finds weakness at 1.28 to 1.2830 area then it is possible for a fall and retest of 1.2650.. More likely it will keep going up though if you ask me, technical wise and fundamentally.. Euro has issues, but the fiscal cliff is going to be on the spotlight very soon.. No matter what the US does it will negatively effect them for a while.. whether raising taxes or what not if you ask me.. The topics on this massive debt is going to have many not investing..I mean would you invest in US just before a decision on a debt that is that big..? The US index may actually crash big time.. I dont think many would invest at all.. Big investors should be the same.. way too risky.. But i guess we will all see soon enough...

Erm..just a noob opinion..

This post has been edited by kenjikyuki89: Nov 19 2012, 09:25 PM
kingkong999
post Nov 20 2012, 12:32 PM

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www.janganpeningkepala.com suggest users to register at AGEA. is it good? the spread the reliability and everything. good?
jack2
post Nov 20 2012, 12:41 PM

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QUOTE(kingkong999 @ Nov 20 2012, 12:32 PM)
www.janganpeningkepala.com suggest users to register at AGEA. is it good? the spread the reliability and everything. good?
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Yes, it is good. Spread is very low and fast execution.
kingkong999
post Nov 20 2012, 12:51 PM

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QUOTE(jack2 @ Nov 20 2012, 12:41 PM)
Yes, it is good. Spread is very low and fast execution.
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Thanks bro. now feel more confidence.

jack2
post Nov 20 2012, 01:18 PM

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QUOTE(kingkong999 @ Nov 20 2012, 12:51 PM)
Thanks bro. now feel more confidence.
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No problem. You are new user?
zemmien
post Nov 20 2012, 02:11 PM

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QUOTE(kingkong999 @ Nov 20 2012, 12:51 PM)
Thanks bro. now feel more confidence.
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Good for newcomer / amateur?
UbuntuClient
post Nov 20 2012, 02:49 PM

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Does anyone trade using Zulutrade?
kingkong999
post Nov 20 2012, 03:25 PM

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QUOTE(jack2 @ Nov 20 2012, 01:18 PM)
No problem. You are new user?
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kinda. its good to know i am on the right track


Added on November 21, 2012, 12:51 pm
QUOTE(zemmien @ Nov 20 2012, 02:11 PM)
Good for newcomer / amateur?
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good for newcomer? what should i look for if i am looking to go pro?


This post has been edited by kingkong999: Nov 21 2012, 12:51 PM
jack2
post Nov 21 2012, 01:26 PM

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QUOTE(kingkong999 @ Nov 20 2012, 03:25 PM)
kinda. its good to know i am on the right track


Added on November 21, 2012, 12:51 pm
good for newcomer? what should i look for if i am looking to go pro?
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Not must be newcomer... it depends

you never use, you never know.
PopIsDead
post Nov 21 2012, 01:38 PM

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QUOTE(UbuntuClient @ Nov 20 2012, 02:49 PM)
Does anyone trade using Zulutrade?
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i tried before,
unfortunately its a yo-yo result.
there was one time when i had a DD of -1500pips??
while the target only 10pips!

so you have to carefully selct your provider..
and closely monitor thier trading activities.
If they stated or normally take SL of 50pips, make sure they follow..and if they dont..something is wrong.
Uncopy them and move on..

ps:
i would appreciate if you can visit my My Webpage as well..who knows you might find something usefull.

regards

This post has been edited by PopIsDead: Nov 21 2012, 01:39 PM
jack2
post Nov 21 2012, 02:07 PM

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QUOTE(PopIsDead @ Nov 21 2012, 01:38 PM)
i tried before,
unfortunately its a yo-yo result.
there was one time when i had a DD of -1500pips??
while the target only 10pips!

so you have to carefully selct your provider..
and closely monitor thier trading activities.
If they stated or normally take SL of 50pips, make sure they follow..and if they dont..something is wrong.
Uncopy them and move on..

ps:
i would appreciate if you can visit my My Webpage as well..who knows you might find something usefull.

regards
*
Correct. I would say their info stated on the web for those traders are not accurate.
boyvai
post Nov 21 2012, 08:41 PM

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QUOTE(rafael_nadal @ Nov 21 2012, 05:14 PM)
Hi guys, noobie here. Wanted to create demo account in fxcm but it asked me to provide ic, passport, electric bill not sure if the link i clicked is correct or not.

Got fee fxcm websites, fxcm.com, fxcm.co.uk, fxcmasia.com, which fxcm is the correct one? Confused...
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fxcm demo no need those document.those document for open real account.what platform u create?metatrader of trading station 2?fxcm.uk good smile.gif

celaw
post Nov 22 2012, 12:28 AM

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Hi, anyone using www.ufxmarkets.com VIP account?
FLampard
post Nov 22 2012, 07:28 AM

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hey guys newbie to forex here...i got a demo account on etoro with 10 k USD inside. i executed an open trade of BUY JPY/USD

but i dun have JPY in my demo account, how can the order be executed?

whats the diff between market order and open trade?

This post has been edited by FLampard: Nov 22 2012, 09:37 AM
boyvai
post Nov 22 2012, 07:53 AM

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QUOTE(FLampard @ Nov 22 2012, 07:28 AM)
hey guys newbie to forex here...i got a demo account on etoro with 10 k USD inside. i executed a market order of BUY JPY/USD

but i dun have JPY in my demo account, how can the order be executed?
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look at your mt4 marketwatch folder.

btw,gj nice bull. rclxms.gif
now gj at march high.
FLampard
post Nov 22 2012, 09:34 AM

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QUOTE(boyvai @ Nov 22 2012, 07:53 AM)
look at your mt4 marketwatch folder.

btw,gj nice bull. rclxms.gif
now gj at march high.
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sorry...i dun understand
poks
post Nov 22 2012, 12:15 PM

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nice one boyvai..
hope you are still holding on biggrin.gif

next one? gold looks like going to march up... still not to late to join..

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