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 Forex Version XV, Foreign Exchange Market Discussion

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simplesmile
post Feb 28 2015, 11:13 PM

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I'd like to ask comment about my broker. I'm using GDM International. MT4 name is GDMFXFE. Somehow I feel that the spread is a little high. This is my first broker and is intro by my friend. So I'd just like to confirm with you if indeed my gut feel is correct or not.

Example GPBUSD buy 1.54243, sell 1.54281. This is 3.8 pips spread, correct?

The broker service is good so far. Speed of transaction also OK. Usually I buy at market and sell at market.

My priority as follow:
1. A broker who does not trade against me.
2. Reliable broker.
3. Fast execution.
4. Low commission or tight spread.
5. Customer service.

Could you share your experience with brokers you are using now and used in the past. Do you make money? How's the reliability of the broker? Fast execution times? Fees? Customer service? Any other experience you want to share or highlight?

simplesmile
post Mar 1 2015, 08:08 PM

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QUOTE(KeroroQ @ Mar 1 2015, 01:35 PM)
Spread are calculate by bid and ask prices when you execute has to depend on whether
the price are filled up by other traders, MMs etc and they give you the best price
possbile laugh.gif
*
My bad, still new to the trading terms/keywords.
GPBUSD bid 1.54243, ask 1.54281. This is 3.8 pips spread, correct? Is this spread considered expensive?
simplesmile
post May 24 2015, 09:40 AM

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What is the difference between forex trading and currency futures?
I looked up the definition and understand that futures is a contract, but couldn't find how trading currency futures is more beneficial than trading the spot forex market.

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