Compare Forex.com vs Oanda - Investingoal

Forex Trading Advice, Tips, & Rumors

A community to discuss your latest forex trades, tips, rumors, and advice.
[link]

Oanda Labs has some of the best forex tools around

I love Oanda. A lot. Happy I chose them nearly two years ago for my broker. Today, I was poking around labs and just sighed. The tools are truly top notch and I recommend everyone check them out: http://fxtrade.oanda.com/analysis/labs/
submitted by free2beme to Forex [link] [comments]

APIs offered by brokers and data platforms

I’ve been looking for a broker that has an API for index futures and ideally also futures options. I’m looking to use the API to build a customized view of my risk based on balances, positions, and market conditions.
Searching the algotrading sub I found many API-related posts, but then when I actually read them and their comments, I found they’re often lacking in real substance. It turns out many brokers or data services that have APIs don’t actually support index futures and options via the API, and instead they focus on equities, forex, or cypto. So here’s the list of what I’ve found so far. This isn’t a review of these brokers or APIs and note that I have a specific application in mind (index futures and futures options). Perhaps you’re looking for an API for equities, or you just want data and not a broker, in which case there may be a few options. Also, I’m based in the US so I didn’t really look for brokers or platforms outside the US.
If you have experience with these APIs, please chime in with your thoughts. Also, I may have missed some brokers or platforms. If I did or if you see anything that needs correction please let me know.

Platform Notes
ADM Investor Services No API
Ally Invest Does not support futures instruments
Alpaca Only supports US Equities
Alpha Vantage Does not support futures instruments
AMP Broker with a huge number of platforms available including some with APIs
ApexFutures No API
Arcade Trader No API
AvaTrade Does not support futures instruments
Backtrader Not a data feed; otherwise looks cool but also looks like a one-man shop
Cannon Trading Broker with a variety of platforms, some have API access such as TT
Centerpoint No API
Charles Schwab API does not support futures instruments
Cobra No API
Daniels Trading No API
Discount Trading Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Edge Clear Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Eroom Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.
ETNA Trader Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)
ETrade API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours
Futures Online No API
Gain Capital Futures API available, based on .NET; unsure if they are open to retail clients
GFF Brokers Broker with a large number of platforms including some with API access
High Ridge Futures Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
iBroker API available; contact them for more info
IEX Cloud Looks great but does not support futures instruments
Infinity Futures JSON API available; contact them for more info
Interactive Brokers Client Web API looks promising if clunky
Intrinio Supports futures instruments but is expensive
Koyfin No API
Lightspeed C++ API available
marketstack API for equities available. Does not support futures instruments.
Medved Trader Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.
NinjaTrader Does not support futures options
Norgate Data Not a broker; supports futures data for $270/year
Oanda Forex only; API last updated in 2018
Optimus Futures Broker with a large number of available platforms including some with API access
Phillip Capital Broker with a large number of available platforms including some with API access
polygon.io Expensive but looks slick; does not support futures instruments
Quandl API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker
Quantconnect Does not expose raw data
Quantopian Does not expose raw data
Quantower Software that connects to multiple brokers and data feeds; API to their software via C# interface
Saxo Markets Broker with extensively documented API
Stage 5 Trading API available through Trading Technologies
Straits Financial Broker with several platforms available including some with APIs such as CQG, R
Sweet Futures Broker with a large number of available platforms including some with API access
TastyWorks There's an unofficial Python API
TenQuant.io Does not support futures instruments
ThinkorSwim Does not support futures instruments via the API
Tiingo Free account tier but does not support futures instruments
TradePro Broker with a number of platforms available; unclear if any are available with API access
Tradier Free developer API account for delayed data but does not support futures instruments
TradeStation Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available
TradeFutures4Less Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
TradingTechnologies API looks robust; pricing starts at $700/month
TradingView Does not expose data API
Tradovate Technologies API exists, documentation unknown; need to talk to their account team
Wedbush Futures Broker with several platforms offered, a few of which have API access
WEX .NET/COM only; pricing not disclosed on website
Xignite Pricing not disclosed on website but they do support futures instruments
Yahoo Finance API Available through RapidAPI or via direct access; but it’s discontinued and unreliable
Zaner Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs

Wow, this list grew longer than I originally thought it would be. If you spot a mistake, please let me know and I’ll correct it.
Edit:
- added Lightspeed API - updated Dashprime to indicate some of the APIs available - added Medved Trader to table - added marketstack to table
submitted by theloniusmunch to thewallstreet [link] [comments]

H1 Backtest of ParallaxFX's BBStoch system

Disclaimer: None of this is financial advice. I have no idea what I'm doing. Please do your own research or you will certainly lose money. I'm not a statistician, data scientist, well-seasoned trader, or anything else that would qualify me to make statements such as the below with any weight behind them. Take them for the incoherent ramblings that they are.
TL;DR at the bottom for those not interested in the details.
This is a bit of a novel, sorry about that. It was mostly for getting my own thoughts organized, but if even one person reads the whole thing I will feel incredibly accomplished.

Background

For those of you not familiar, please see the various threads on this trading system here. I can't take credit for this system, all glory goes to ParallaxFX!
I wanted to see how effective this system was at H1 for a couple of reasons: 1) My current broker is TD Ameritrade - their Forex minimum is a mini lot, and I don't feel comfortable enough yet with the risk to trade mini lots on the higher timeframes(i.e. wider pip swings) that ParallaxFX's system uses, so I wanted to see if I could scale it down. 2) I'm fairly impatient, so I don't like to wait days and days with my capital tied up just to see if a trade is going to win or lose.
This does mean it requires more active attention since you are checking for setups once an hour instead of once a day or every 4-6 hours, but the upside is that you trade more often this way so you end up winning or losing faster and moving onto the next trade. Spread does eat more of the trade this way, but I'll cover this in my data below - it ends up not being a problem.
I looked at data from 6/11 to 7/3 on all pairs with a reasonable spread(pairs listed at bottom above the TL;DR). So this represents about 3-4 weeks' worth of trading. I used mark(mid) price charts. Spreadsheet link is below for anyone that's interested.

System Details

I'm pretty much using ParallaxFX's system textbook, but since there are a few options in his writeups, I'll include all the discretionary points here:

And now for the fun. Results!

As you can see, a higher target ended up with higher profit despite a much lower winrate. This is partially just how things work out with profit targets in general, but there's an additional point to consider in our case: the spread. Since we are trading on a lower timeframe, there is less overall price movement and thus the spread takes up a much larger percentage of the trade than it would if you were trading H4, Daily or Weekly charts. You can see exactly how much it accounts for each trade in my spreadsheet if you're interested. TDA does not have the best spreads, so you could probably improve these results with another broker.
EDIT: I grabbed typical spreads from other brokers, and turns out while TDA is pretty competitive on majors, their minors/crosses are awful! IG beats them by 20-40% and Oanda beats them 30-60%! Using IG spreads for calculations increased profits considerably (another 5% on top) and Oanda spreads increased profits massively (another 15%!). Definitely going to be considering another broker than TDA for this strategy. Plus that'll allow me to trade micro-lots, so I can be more granular(and thus accurate) with my position sizing and compounding.

A Note on Spread

As you can see in the data, there were scenarios where the spread was 80% of the overall size of the trade(the size of the confirmation candle that you draw your fibonacci retracements over), which would obviously cut heavily into your profits.
Removing any trades where the spread is more than 50% of the trade width improved profits slightly without removing many trades, but this is almost certainly just coincidence on a small sample size. Going below 40% and even down to 30% starts to cut out a lot of trades for the less-common pairs, but doesn't actually change overall profits at all(~1% either way).
However, digging all the way down to 25% starts to really make some movement. Profit at the -161.8% TP level jumps up to 37.94% if you filter out anything with a spread that is more than 25% of the trade width! And this even keeps the sample size fairly large at 187 total trades.
You can get your profits all the way up to 48.43% at the -161.8% TP level if you filter all the way down to only trades where spread is less than 15% of the trade width, however your sample size gets much smaller at that point(108 trades) so I'm not sure I would trust that as being accurate in the long term.
Overall based on this data, I'm going to only take trades where the spread is less than 25% of the trade width. This may bias my trades more towards the majors, which would mean a lot more correlated trades as well(more on correlation below), but I think it is a reasonable precaution regardless.

Time of Day

Time of day had an interesting effect on trades. In a totally predictable fashion, a vast majority of setups occurred during the London and New York sessions: 5am-12pm Eastern. However, there was one outlier where there were many setups on the 11PM bar - and the winrate was about the same as the big hours in the London session. No idea why this hour in particular - anyone have any insight? That's smack in the middle of the Tokyo/Sydney overlap, not at the open or close of either.
On many of the hour slices I have a feeling I'm just dealing with small number statistics here since I didn't have a lot of data when breaking it down by individual hours. But here it is anyway - for all TP levels, these three things showed up(all in Eastern time):
I don't have any reason to think these timeframes would maintain this behavior over the long term. They're almost certainly meaningless. EDIT: When you de-dup highly correlated trades, the number of trades in these timeframes really drops, so from this data there is no reason to think these timeframes would be any different than any others in terms of winrate.
That being said, these time frames work out for me pretty well because I typically sleep 12am-7am Eastern time. So I automatically avoid the 5am-6am timeframe, and I'm awake for the majority of this system's setups.

Moving stops up to breakeven

This section goes against everything I know and have ever heard about trade management. Please someone find something wrong with my data. I'd love for someone to check my formulas, but I realize that's a pretty insane time commitment to ask of a bunch of strangers.
Anyways. What I found was that for these trades moving stops up...basically at all...actually reduced the overall profitability.
One of the data points I collected while charting was where the price retraced back to after hitting a certain milestone. i.e. once the price hit the -61.8% profit level, how far back did it retrace before hitting the -100% profit level(if at all)? And same goes for the -100% profit level - how far back did it retrace before hitting the -161.8% profit level(if at all)?
Well, some complex excel formulas later and here's what the results appear to be. Emphasis on appears because I honestly don't believe it. I must have done something wrong here, but I've gone over it a hundred times and I can't find anything out of place.
Now, you might think exactly what I did when looking at these numbers: oof, the spread killed us there right? Because even when you move your SL to 0%, you still end up paying the spread, so it's not truly "breakeven". And because we are trading on a lower timeframe, the spread can be pretty hefty right?
Well even when I manually modified the data so that the spread wasn't subtracted(i.e. "Breakeven" was truly +/- 0), things don't look a whole lot better, and still way worse than the passive trade management method of leaving your stops in place and letting it run. And that isn't even a realistic scenario because to adjust out the spread you'd have to move your stoploss inside the candle edge by at least the spread amount, meaning it would almost certainly be triggered more often than in the data I collected(which was purely based on the fib levels and mark price). Regardless, here are the numbers for that scenario:
From a literal standpoint, what I see behind this behavior is that 44 of the 69 breakeven trades(65%!) ended up being profitable to -100% after retracing deeply(but not to the original SL level), which greatly helped offset the purely losing trades better than the partial profit taken at -61.8%. And 36 went all the way back to -161.8% after a deep retracement without hitting the original SL. Anyone have any insight into this? Is this a problem with just not enough data? It seems like enough trades that a pattern should emerge, but again I'm no expert.
I also briefly looked at moving stops to other lower levels (78.6%, 61.8%, 50%, 38.2%, 23.6%), but that didn't improve things any. No hard data to share as I only took a quick look - and I still might have done something wrong overall.
The data is there to infer other strategies if anyone would like to dig in deep(more explanation on the spreadsheet below). I didn't do other combinations because the formulas got pretty complicated and I had already answered all the questions I was looking to answer.

2-Candle vs Confirmation Candle Stops

Another interesting point is that the original system has the SL level(for stop entries) just at the outer edge of the 2-candle pattern that makes up the system. Out of pure laziness, I set up my stops just based on the confirmation candle. And as it turns out, that is much a much better way to go about it.
Of the 60 purely losing trades, only 9 of them(15%) would go on to be winners with stops on the 2-candle formation. Certainly not enough to justify the extra loss and/or reduced profits you are exposing yourself to in every single other trade by setting a wider SL.
Oddly, in every single scenario where the wider stop did save the trade, it ended up going all the way to the -161.8% profit level. Still, not nearly worth it.

Correlated Trades

As I've said many times now, I'm really not qualified to be doing an analysis like this. This section in particular.
Looking at shared currency among the pairs traded, 74 of the trades are correlated. Quite a large group, but it makes sense considering the sort of moves we're looking for with this system.
This means you are opening yourself up to more risk if you were to trade on every signal since you are technically trading with the same underlying sentiment on each different pair. For example, GBP/USD and AUD/USD moving together almost certainly means it's due to USD moving both pairs, rather than GBP and AUD both moving the same size and direction coincidentally at the same time. So if you were to trade both signals, you would very likely win or lose both trades - meaning you are actually risking double what you'd normally risk(unless you halve both positions which can be a good option, and is discussed in ParallaxFX's posts and in various other places that go over pair correlation. I won't go into detail about those strategies here).
Interestingly though, 17 of those apparently correlated trades ended up with different wins/losses.
Also, looking only at trades that were correlated, winrate is 83%/70%/55% (for the three TP levels).
Does this give some indication that the same signal on multiple pairs means the signal is stronger? That there's some strong underlying sentiment driving it? Or is it just a matter of too small a sample size? The winrate isn't really much higher than the overall winrates, so that makes me doubt it is statistically significant.
One more funny tidbit: EUCAD netted the lowest overall winrate: 30% to even the -61.8% TP level on 10 trades. Seems like that is just a coincidence and not enough data, but dang that's a sucky losing streak.
EDIT: WOW I spent some time removing correlated trades manually and it changed the results quite a bit. Some thoughts on this below the results. These numbers also include the other "What I will trade" filters. I added a new worksheet to my data to show what I ended up picking.
To do this, I removed correlated trades - typically by choosing those whose spread had a lower % of the trade width since that's objective and something I can see ahead of time. Obviously I'd like to only keep the winning trades, but I won't know that during the trade. This did reduce the overall sample size down to a level that I wouldn't otherwise consider to be big enough, but since the results are generally consistent with the overall dataset, I'm not going to worry about it too much.
I may also use more discretionary methods(support/resistance, quality of indecision/confirmation candles, news/sentiment for the pairs involved, etc) to filter out correlated trades in the future. But as I've said before I'm going for a pretty mechanical system.
This brought the 3 TP levels and even the breakeven strategies much closer together in overall profit. It muted the profit from the high R:R strategies and boosted the profit from the low R:R strategies. This tells me pair correlation was skewing my data quite a bit, so I'm glad I dug in a little deeper. Fortunately my original conclusion to use the -161.8 TP level with static stops is still the winner by a good bit, so it doesn't end up changing my actions.
There were a few times where MANY (6-8) correlated pairs all came up at the same time, so it'd be a crapshoot to an extent. And the data showed this - often then won/lost together, but sometimes they did not. As an arbitrary rule, the more correlations, the more trades I did end up taking(and thus risking). For example if there were 3-5 correlations, I might take the 2 "best" trades given my criteria above. 5+ setups and I might take the best 3 trades, even if the pairs are somewhat correlated.
I have no true data to back this up, but to illustrate using one example: if AUD/JPY, AUD/USD, CAD/JPY, USD/CAD all set up at the same time (as they did, along with a few other pairs on 6/19/20 9:00 AM), can you really say that those are all the same underlying movement? There are correlations between the different correlations, and trying to filter for that seems rough. Although maybe this is a known thing, I'm still pretty green to Forex - someone please enlighten me if so! I might have to look into this more statistically, but it would be pretty complex to analyze quantitatively, so for now I'm going with my gut and just taking a few of the "best" trades out of the handful.
Overall, I'm really glad I went further on this. The boosting of the B/E strategies makes me trust my calculations on those more since they aren't so far from the passive management like they were with the raw data, and that really had me wondering what I did wrong.

What I will trade

Putting all this together, I am going to attempt to trade the following(demo for a bit to make sure I have the hang of it, then for keeps):
Looking at the data for these rules, test results are:
I'll be sure to let everyone know how it goes!

Other Technical Details

Raw Data

Here's the spreadsheet for anyone that'd like it. (EDIT: Updated some of the setups from the last few days that have fully played out now. I also noticed a few typos, but nothing major that would change the overall outcomes. Regardless, I am currently reviewing every trade to ensure they are accurate.UPDATE: Finally all done. Very few corrections, no change to results.)
I have some explanatory notes below to help everyone else understand the spiraled labyrinth of a mind that put the spreadsheet together.

Insanely detailed spreadsheet notes

For you real nerds out there. Here's an explanation of what each column means:

Pairs

  1. AUD/CAD
  2. AUD/CHF
  3. AUD/JPY
  4. AUD/NZD
  5. AUD/USD
  6. CAD/CHF
  7. CAD/JPY
  8. CHF/JPY
  9. EUAUD
  10. EUCAD
  11. EUCHF
  12. EUGBP
  13. EUJPY
  14. EUNZD
  15. EUUSD
  16. GBP/AUD
  17. GBP/CAD
  18. GBP/CHF
  19. GBP/JPY
  20. GBP/NZD
  21. GBP/USD
  22. NZD/CAD
  23. NZD/CHF
  24. NZD/JPY
  25. NZD/USD
  26. USD/CAD
  27. USD/CHF
  28. USD/JPY

TL;DR

Based on the reasonable rules I discovered in this backtest:

Demo Trading Results

Since this post, I started demo trading this system assuming a 5k capital base and risking ~1% per trade. I've added the details to my spreadsheet for anyone interested. The results are pretty similar to the backtest when you consider real-life conditions/timing are a bit different. I missed some trades due to life(work, out of the house, etc), so that brought my total # of trades and thus overall profit down, but the winrate is nearly identical. I also closed a few trades early due to various reasons(not liking the price action, seeing support/resistance emerge, etc).
A quick note is that TD's paper trade system fills at the mid price for both stop and limit orders, so I had to subtract the spread from the raw trade values to get the true profit/loss amount for each trade.
I'm heading out of town next week, then after that it'll be time to take this sucker live!

Live Trading Results

I started live-trading this system on 8/10, and almost immediately had a string of losses much longer than either my backtest or demo period. Murphy's law huh? Anyways, that has me spooked so I'm doing a longer backtest before I start risking more real money. It's going to take me a little while due to the volume of trades, but I'll likely make a new post once I feel comfortable with that and start live trading again.
submitted by ForexBorex to Forex [link] [comments]

Find The Best Brokers in the UK| CompareThemFX

As we know that the UK is the most competitive region for the forex industry because it's an FCA motherland and Also many brokers want to get into that market. So, if you are searching for the best brokers in the UK. Just reach CompareThem Fx. We provide you the best trading platforms. OANDA, Etoro, Plus500, Fx Pro etc to trade successfully. Visit our website for further details.
submitted by comparethemfx to u/comparethemfx [link] [comments]

Need a futures broker for automatic trading with bash

Hello.
I know more about strategy than programming. I've written a few indicators on TradingView that I'd like to use to trade futures.
Currently, my forex algo Trading is executed on a Linux VPS using bash scripts (curl to the OandA API) whenever my TradingView script generates a trade alert.
I'm looking for a futures broker to trade ES and MES, using the custom indicator I've built and if possible, bash scripts for the order execution.
I'm not aware of which broker(s) meet this requirement.
I'm in the US. I'm skilled with bash/Linux commands line, but not good at all with python. At best, I can hack apart and modify templates and python code. Prefer to write bash.
Thanks!
EDIT: need the ability to both paper trade and live trade.
submitted by rm-rf_iniquity to algotrading [link] [comments]

I am currently happy with my Forex trading (examples in comments). I'm wanting to expand to stocks but I feel lost.

I am currently happy with my Forex trading (examples in comments). I'm wanting to expand to stocks but I feel lost.
TL;DR I feel brand new to day trading anything other than currencies and I'm having trouble finding the right resources to get started. Help? Will trade answers regarding trend trading.
Hey folks,
I've been involved in Forex for about 6-7 years now. Light bulb moment happened right around 2 years ago and I'm content with the growth rate of my account since then. I trade very, very simply. I look for established trends on higher timeframes (8h, 12h, daily, weekly), wait for a pullback, and then enter with fib retracements and supp/resistance on what I perceive as momentum. The moving average serves no technical purpose. It's simply a different type of visual representation of price movement. There's nothing revolutionary here.
eurjpy example
https://preview.redd.it/hmko1b2t3id51.png?width=624&format=png&auto=webp&s=56ecf58261f211f7e7f6468507ce7a0edce779b3
audusd examples:
https://preview.redd.it/rkifv53v3id51.png?width=774&format=png&auto=webp&s=315f2b381c7240cbcc23f49944f356faa8d4c5ef
nzdcad
https://preview.redd.it/uuzcshs4aid51.png?width=601&format=png&auto=webp&s=bbf806a28f5fe2bddf5e630da7f7d3f744ee9084
I want to expand into day trading but again, I feel lost. Small cap? Large cap? Reading tape? Scrapers? Volume aggregation? stock scanning scripts? Runners? Bag holding? Apparently shorting is a big deal? Penny stocks compared to "normal" stocks? which brokers offer what? ALSO, some of these charts feel chaotic at best. The choppiness just appears unreal. Price action in Forex can be choppy, but at least it's "smooth" in the sense that price opens at the same price the previous candle closed at 99% of the time.
It doesn't really help that most of the youtube resources I've come across focus on getting rich quick, or aspects of trading that I do believe are important (psychology, money management, FOMO, indicators, etc.) but I do not need help with. I'm still improving, but I've got a solid grip on these aspects and they are not what I'm looking for. I guess what I'm looking for specifically is information on the nuances, technicals, vernacular, and details that are inherent in day trading stocks that don't exist in forex. Most of the stuff I listed in the above paragraph are accurate examples.
I have zero interest in scalping Forex. I'm active duty with a full time day job which is part of the reason I strictly trade higher time frames. I've also found that the manner in which I prefer to trade is more reliable at higher time frames. That being said I am interested in getting into stocks as well as Forex and will have the option to move to second shift and trade the morning bell and all the liquidity that comes with it in the next couple months. I'm looking to get educated in the interim. It's likely that I'll eventually move into long-term trading with stocks as well, but who knows.
Does anyone have any resources or suggestions for materials that touch on topics similar to what's listed above that they found helpful when first jumping in? I'm looking for the option to trade stocks, commodities, penny stocks, etc.
Oh, I currently trade with Oanda through Tradingview and I'm considering TDAmeritrade. I can get around the PDT rule but I'm not in a hurry and would probably like to start with penny stocks with something like $5-10k I think? The problem is I'm just unsure. My personal philosophy is that demo trading is useless after buttonology. Instead I have found that trading small amounts of real money provides much better results in the long term.
submitted by Broggernaut to Howtotrade [link] [comments]

Canadian broker selection

I'm looking to start trading Forex with money, I'm done with Demo.vI was looking at regulated brokers for Canada and so far my choice would be between Oanda and Friedberg Direct. Does anyone have experience with Friedberg? What would be the best choice? I don't like the overnight fees with Friedberg since I do swing trading...
submitted by gogoprovost to Forex [link] [comments]

What are the best platforms for both Forex and Futures trading?

Hey guys, hope everyone is doing well! I have searched on this sub to help find this answer, however every post is in regards to only Futures or only Forex platforms.
Seeing if you could please offer some feedback in regards to the best platform to use that includes both Forex and Futures trading? I understand that I would probably need to have different brokers for each, but I would like the simplicity of having both in one.
For instance, is trading-view a platform that you can trade both Forex & Futures? If so, do you personally use it for both, or do you have separate platforms for each?
I have been paper trading Futures on Ninja Trader 8, and do enjoy it, however I never read any info/reviews about using Ninja Trader 8 with Forex trading so I am skeptical.. although they say they can with; Oanda and Forex.com.
FYI - I have my TDAmeritrade/TOS account for Equities and Options. (I wouldn't use TOS for Futures at this moment due to the high margins, and looking for low margins as I will be using small capital to start <$2,000.)
Any help will be greatly appreciated, and I look forward to hearing from you. Thank you in advance!
submitted by cooliomattio to Daytrading [link] [comments]

Not a forex trader, but want to make a medium term directional bet for hedging purposes.

I am not really a forex trader, but I want to make a leveraged directional bet on AUD/USD pair.
The time frame of the trade is going to be somewhere between 3-9 months of holding time.
Which tool would be best to do so?
  1. CFDs, ig, etoro, etc...
  2. Options, exchanged traded
  3. Futures, exchanged traded
  4. Leveraged spot via broker, i.e. Oanda, etc...
Which tool should I investigate? and what is the advantages of each of them vs other, any other tools I am missing.
submitted by posdnous-trugoy to Forex [link] [comments]

Long term trader. Any calculator out there showing the cost to hold a position for say x months?

I traded forex on and off for about 3 years. I've been off for a while, but looking at the stock market has drawn me back. When I did trade, though I knew the costs at the end of each day and week would come, I could never calculate to factor them in to my decision making process at the start of the trade. When holding a positing for 4+ months, it does add up
Side question: where is the best place for SB stocks? I used Oanda for forex but unfortunately, they don't do much stocks
submitted by r3flex_MMA to spreadbetting [link] [comments]

College forex trader - would appreciate some help!

So a few months ago, someone I had met in the first few weeks of my first semester at college, had been posting pictures of his MT4 account with his profits, and I was pretty intrigued. I asked him what it was, and he said it was the Forex market, so I wanted to learn more and asked to meet up with him. When we met he was explaining it a little more and told me that he was in this networking trade group called IMarketsLive and went on to offer for me to sign up, upon which I said I wanna do a little research before I sign up for anything. And so I did, and saw a lot of different opinions about IML and the things they do, and I wasn't really attracted to the networking aspect and also did not want to start paying $275 a month just to be in the group. It seemed to me like it was kind of a pyramid scheme, so I turned down the offer but decided to try to learn about the Forex market for free on my own.
I started doing more research about it in my free time, and eventually I discovered the BabyPips website where you can go through around a 330 lesson course, which goes through a lot of the basics and foundations of Forex trading. I made it through that in about a month and a half or so, and then opened up a demo account with IG. I watch a lot of youtube so more and more videos about forex started popping up in my recommended and have definitely helped along the road.
One thing I saw is not to have a demo account for too long, so after around a month of having the demo and getting a little profit, I opened a live account with $300 on Oanda. I use their online trading platform and it's alright, there are some things I liked better with IG but that's besides the point.
I've been trading with lots of 500 units or less so I'm only down about $6, but I feel like I'm kind of stuck. After all the stuff I've read and watched so far, I've come to understand that there are some key things every trader needs to do. From what I've seen, it's
Among a few other things I might be forgetting, I understand these are crucial points to follow to become a successful trader. The only thing is I feel like I've flooded myself with so much information and I really don't know where to go from here. I don't have a trading plan mainly because the best thing I've heard to do is make one that fits my trading style, but simply put I don't know what my trading style is and don't know how to actually construct a usable plan.
I know many people join the market because of the dream of turning $25 into a million dollars, however I don't have that mindset. Also I know I should focus first on preserving my capital and being consistent rather than focus on getting a lot of money, I just don't know how to do this. I am ready to put more effort into the market, I just don't know where to put it.
Another thing to note is that for when I am ready and have developed a proper strategy and everything, I have sufficient capital (around $3k) to actually start making some serious profit. (for a 19 y/o!)
Anyways, if you would like to give any advice, tips, things to avoid, stories, anything - that would be greatly appreciated!
Thanks for reading👍
EDIT: This is my first time using reddit so I can't reply to anything because I don't have enough karma whatever that means. But thanks for your responses, they will definitely help me to start building my own strategy.
submitted by sender27 to Forex [link] [comments]

Which option to best bet against the dollar?

Which option would be best to take a directional position on AUD/USD?
  1. CME currency option
  2. leverage spot trade on a forex broker like Oanda
  3. leveraged CFD broker like IG/Etoro
  4. Currency Futures
Any advice?
submitted by posdnous-trugoy to ASX_Bets [link] [comments]

CFDs or Futures

Hi,
I am a Canadian resident trading spot forex and commodities CFDs with Oanda, (a regulated broker). I want to know if Futures trading in general is more advantageous over what I am doing now. Am I missing something? Is their greater potential/risk with Futures? Is it less expensive in terms of fees? Is trading Futures through a centralized open market is better than trading CFDs against my broker even if it’s regulated?
For more info:
I day trade and swing trade, but I never keep positions open during weekends.
I would probably use IB as my broker since it looks like the best choice for Canadians.
submitted by Name_L-C to Daytrading [link] [comments]

Conversion Rate Tips

https://popify.org/
conversion rate
conversion rate formula
conversion rate optimization
conversion rate euro dollar
conversion rate definition
conversion rate calculator
conversion rate euro to pound
conversion rate euro usd
conversion rate euro to inr
conversion rate usd eur
conversion rate usd to cad
conversion rate adalah
conversion rate aed to inr
conversion rate aud to usd
conversion rate abbreviation
conversion rate aud to inr
conversion rate average
conversion rate advertising
conversion rate amazon
conversion rate aud to nzd
conversion rate australian dollars to pounds
conversion rate kpi
conversion rate kg to lb
conversion rate km to miles
conversion rate kilograms to pounds
conversion rate kilometers to miles
conversion rate krw to usd
conversion rate korean won to usd
conversion rate kenyan shillings to dollars
conversion rate kg to pounds
conversion rate kwd to inr
conversion rate history
conversion rate hkd to usd
conversion rate how to calculate
conversion rate hubspot
conversion rate hong kong dollar to usd
conversion rate hkd to sgd
conversion rate hypothesis test
conversion rate home loan
conversion rate hkd to myr
conversion rate hesaplama
conversion rate experts
conversion rate ecommerce
conversion rate eur to usd
conversion rate etsy
conversion rate euro to aud
conversion rate equation
conversion rate jpy to usd
conversion rate japanese yen to usd
conversion rate jamaican dollars to us dollars
conversion rate jamaican to us
conversion rate jpy to inr
conversion rate jmd to usd
conversion rate jpy to sgd
conversion rate jod to usd
conversion rate jpy to myr
conversion rate jelentése
conversion rate facebook ads
conversion rate formula excel
conversion rate from pounds to dollars
conversion rate from usd to inr
conversion rate from euros to dollars
conversion rate formula facebook
conversion rate formula in retail
conversion rate from usd to cad
conversion rate for email marketing
conversion rate dollar euro
conversion rate dollars to pounds
conversion rate dollar to peso
conversion rate dollar to rupee
conversion rate deutsch
conversion rate dollar to yen
conversion rate definition google analytics
conversion rate dollar to shekel
conversion rate dollar to naira
conversion rate cad to usd
conversion rate currency
conversion rate calculator marketing
conversion rate cad to inr
conversion rate calculation formula
conversion rate celsius to fahrenheit
conversion rate chart
conversion rate cm to inches
conversion rate can be described as
conversion rate of dollar to naira
conversion rate of usd to inr
conversion rate optimization strategies
conversion rate optimization agency
conversion rate optimization tools
conversion rate optimization services
conversion rate optimization best practices
conversion rate of pounds to naira
conversion rate of pounds to dollars
conversion rate nzd to usd
conversion rate nedir
conversion rate nzd to aud
conversion rate naira to dollar
conversion rate nzd to inr
conversion rate nok to usd
conversion rate nzd to gbp
conversion rate new zealand
conversion rate nasıl hesaplanır
conversion rate nz to us
conversion rate meaning
conversion rate money
conversion rate marketing formula
conversion rate metric
conversion rate meaning in hindi
conversion rate miles to km
conversion rate myr to usd
conversion rate meters to feet
conversion rate meaning in business
conversion rate mm to inches
conversion rate inr to usd
conversion rate in digital marketing
conversion rate icon
conversion rate in google analytics
conversion rate instagram
conversion rate is a measure of the
conversion rate in sales
conversion rate in retail
conversion rate in ecommerce
conversion rate instagram ads
conversion rate google analytics
conversion rate gbp to usd
conversion rate google ads
conversion rate gbp to inr
conversion rate gbp to euro
conversion rate gbp to aud
conversion rate graph
conversion rate gbp to eur
conversion rate grams to ounces
conversion rate google analytics definition
conversion rate benchmarks
conversion rate berechnen
conversion rate business
conversion rate british pound to us dollar
conversion rate by date
conversion rate bells to dollars
conversion rate brazilian real to us dollar
conversion rate by channel
conversion rate business definition
conversion rate british pounds to dollars
conversion rate là gì
conversion rate lbs to kg
conversion rate landing page
conversion rate length
conversion rate linkedin
conversion rate linkedin ads
conversion rate lbs to dollars
conversion rate lead generation
conversion rate liters to gallons
conversion rate live
conversion rate retail
conversion rate rmb to usd
conversion rate rupee to dollar
conversion rate ranking facebook
conversion rate rand to dollar
conversion rate rand to pound
conversion rate rm to usd
conversion rate rupee to pound
conversion rate ranking below average
conversion rate real estate
conversion rate vs ctr
conversion rate vs exchange rate
conversion rate vnd to usd
conversion rate vs win rate
conversion rate vs bounce rate
conversion rate vietnam
conversion rate vietnamese dong to us dollar
conversion rate vs retention rate
conversion rate vs close rate
conversion rate variance gain
conversion rate pound to euro
conversion rate pounds to dollars
conversion rate pesos to dollars
conversion rate paypal
conversion rate pound to inr
conversion rate pounds to aud
conversion rate php to usd
conversion rate percentage
conversion rate pound to rupees
conversion rate pound to us dollar
conversion rate website
conversion rate wiki
conversion rate won to usd
conversion rate weight
conversion rate web analytics
conversion rate western union
conversion rate website average
conversion rate what is
conversion rate won to dollar
conversion rate website definition
conversion rate sales
conversion rate social media
conversion rate shopify
conversion rate sgd to usd
conversion rate sterling to euro
conversion rate sgd to myr
conversion rate sgd to inr
conversion rate synonym
conversion rate social media marketing
conversion rate seo
conversion rate usd to inr
conversion rate usd to aud
conversion rate usd to sgd
conversion rate usd to gbp
conversion rate usd to php
conversion rate usd to nzd
conversion rate usd to myr
conversion rate usd
conversion rate yen to usd
conversion rate yen to dollar
conversion rate youtube
conversion rate yuan to usd
conversion rate youtube ads
conversion rate yen to peso
conversion rate yen to sgd
conversion rate yen to aud
conversion rate youtube video
conversion rate yen
conversion rate today
conversion rate to usd
conversion rate table
conversion rate to euro
conversion rate to hinduism
conversion rate tableau
conversion rate temperature
conversion rate to sales
conversion rate to pounds
conversion rate twitter
bali conversion rate
bank of america conversion rate
best conversion rate
bsp conversion rate
best euro conversion rate
bank conversion rate
best penalty conversion rate
barclays conversion rate
bmo conversion rate
best free kick conversion rate
anz conversion rate
australian conversion rate
aud conversion rate
aud to usd conversion rate
australia conversion rate
aed to usd conversion rate
average conversion rate
american conversion rate
amex conversion rate
australian dollar conversion rate
currency conversion rate
cash conversion rate
canada conversion rate
canadian conversion rate
currency conversion rate calculator
current conversion rate
calculate conversion rate
cad to usd conversion rate
citibank conversion rate
commbank conversion rate
conversion rate qar to usd
conversion rate quizlet
conversion rate que es
conversion rate qar to inr
conversion rate qatari riyal to philippine peso
conversion rate quetzales to dollars
conversion rate qatari riyal to us dollar
conversion rate questions
conversion rate quotes
conversion rate qatar riyal to philippine peso
dollar conversion rate
dollar to rupee conversion rate
dollar to euro conversion rate
dollar to pound conversion rate
dollar conversion rate today
dbs conversion rate
dollar to rupee conversion rate today
dubai conversion rate
dollar to peso conversion rate
dollar to sterling conversion rate
how to calculate conversion rate
hsbc conversion rate
how to increase conversion rate
hdfc conversion rate
hong kong conversion rate
how to increase conversion rate in retail
how to improve conversion rate
how to increase conversion rate in sales
highest penalty conversion rate
hkd to usd conversion rate
gbp to usd conversion rate
gold conversion rate
gbp conversion rate
google conversion rate calculator
good conversion rate
gbp to euro conversion rate
gbp to eur conversion rate
google conversion rate
goal conversion rate
google ads conversion rate
euro conversion rate
euro to dollar conversion rate
euro to pound conversion rate
euro to usd conversion rate
euro to gbp conversion rate
euro to inr conversion rate today
ecommerce conversion rate
euro conversion rate today
eur to usd conversion rate
euro to sterling conversion rate
fx conversion rate
free kick conversion rate
fiji conversion rate
facebook conversion rate
fbar conversion rate 2018
facebook ads conversion rate
free conversion rate calculator
forex conversion rate
feed conversion rate
fbar conversion rate 2019
conversion rate zar to usd
conversion rate zar to inr
conversion rate zloty to euro
conversion rate zimbabwe dollars to us dollars
conversion rate zar to aud
conversion rate zloty to dollar
conversion rate zloty to pound
conversion rate zar to gbp
conversion rate zar to eur
conversion rate zar to us dollar
conversion rate xe
conversion rate xbox ultimate
conversion rate xpf to usd
conversion rate xcd to usd
conversion rate xpf to dollars
conversion rate xof to usd
conversion rate xaf to usd
conversion rate xpf to aud
conversion x rate
exchange rate conversion xe
sbi conversion rate
sales conversion rate
singapore conversion rate
scotiabank conversion rate
sterling conversion rate
sar to usd conversion rate
sterling to euro conversion rate
sales conversion rate by industry
sales conversion rate statistics
sek to usd conversion rate
mastercard conversion rate
money conversion rate
mexico conversion rate
monzo conversion rate
maybank conversion rate
mexican conversion rate
moneygram conversion rate
mas conversion rate
myr to usd conversion rate
mastercard currency conversion rate
rbi conversion rate
rbc conversion rate
religion conversion rate in india
rupee conversion rate
revolut conversion rate
rand conversion rate
robux conversion rate
rupee to dollar conversion rate
rand to pula conversion rate
religion conversion rate
xe conversion rate
xoom conversion rate
xbox game pass ultimate conversion rate
xpf to usd conversion rate
xoom conversion rate india
xbox live to ultimate conversion rate
xoom conversion rate today
xe currency conversion rate
xcd to usd conversion rate
xbox game pass conversion rate
inr to usd conversion rate
iceland conversion rate
india conversion rate
ing conversion rate
irs conversion rate
increase conversion rate
indian conversion rate
inr to aed conversion rate
instagram conversion rate
inr to usd conversion rate today
japan conversion rate
jpy to usd conversion rate
japanese conversion rate
jpy to inr conversion rate
jamaican conversion rate
jamaica conversion rate
japanese yen conversion rate
john lewis conversion rate
jpy conversion rate
jpy to usd conversion rate today
korean conversion rate
kg to lbs conversion rate
krw to usd conversion rate
km to miles conversion rate
kenya conversion rate
kwd to usd conversion rate
kuna conversion rate
kilo to stone conversion rate
korea conversion rate
kpi conversion rate
visa conversion rate
vietnam conversion rate
venezuela conversion rate
visa currency conversion rate
visa card conversion rate
vietnamese conversion rate
visa class b conversion rate
visa international conversion rate
visa euro conversion rate
vanuatu conversion rate
qar to usd conversion rate
qnb conversion rate
qatar conversion rate
quote conversion rate
qantas points conversion rate
query to get conversion rate in oracle apps
quote to sale conversion rate
quote to order conversion rate
qantas frequent flyer conversion rate
qantas frequent flyer points conversion rate
why is paypal's conversion rate different
why is paypal conversion rate lower
why is paypal conversion rate higher
why is conversion rate important
why is my conversion rate so low
why measure conversion rate
why sales conversion rate
why conversion rate optimization is important
why conversion rate is low
why conversion rate optimization
us conversion rate
usd to gbp conversion rate
usd conversion rate
usd to inr conversion rate
us dollar conversion rate
usd to euro conversion rate
us to canada conversion rate
usd to cad conversion rate
usd to inr conversion rate today
us to cad conversion rate
what is conversion rate
what is conversion rate optimization
what is the conversion rate from pounds to dollars
what is conversion rate in sales
what is the euro conversion rate
what is conversion rate in marketing
what is the euro to dollar conversion rate
what is the us conversion rate
what is ecommerce conversion rate
what is the conversion rate from usd to cad
nab conversion rate
new zealand conversion rate
nz conversion rate
natwest conversion rate
nfl 2 point conversion rate 2019
nfl 2 point conversion rate
nzd to gbp conversion rate
nationwide conversion rate
norway conversion rate
naira conversion rate
how to work out conversion rate
how to calculate currency conversion rate
how to increase conversion rate ecommerce
how to find conversion rate
how to increase conversion rate shopify
oanda conversion rate
ocbc conversion rate
oanda currency conversion rate
online store conversion rate
omr to usd conversion rate
online conversion rate
outpatient to inpatient conversion rate
onside kick conversion rate
osrs to rs3 gold conversion rate
opportunity conversion rate formula
lead conversion rate
lbs to kg conversion rate
lb to dollar conversion rate
live conversion rate
lloyds conversion rate
lloyds bank conversion rate
london conversion rate
land conversion rate in odisha
landing page conversion rate
lead to opportunity conversion rate
yen conversion rate
yen to dollar conversion rate
yen to pound conversion rate
yen to usd conversion rate
yahoo conversion rate calculator
yen to gbp conversion rate
yelp conversion rate
youtrip conversion rate
yen to us dollar conversion rate
yen to aud conversion rate
paypal conversion rate
pound to dollar conversion rate
peso conversion rate
pound to euro conversion rate
post office conversion rate
peso to dollar conversion rate
pound conversion rate
paypal currency conversion rate
philippine conversion rate
paypal conversion rate calculator
zar to usd conversion rate
zar to gbp conversion rate
zimbabwe conversion rate
zar conversion rate
zloty conversion rate
zar to inr conversion rate
zar to euro conversion rate
zar to nzd conversion rate
zillow lead conversion rate
western union conversion rate
is paypal conversion rate good
is feed conversion rate
is high conversion rate
is the conversion rate
is conversion rate a kpi
is conversion rate good
who has the best penalty conversion rate
can us conversion rate
can you increase conversion rate
can conversion rate be more than 100
can conversion rate
can conversion rate be over 100
which of the following can the conversion rate reveal
how can i improve my conversion rate
how can i increase my conversion rate
how can you calculate conversion rate
top penalty conversion rate
top free kick conversion rate
top strikers conversion rate
top of funnel conversion rate
top 10 conversion rate
top strategies for conversion rate optimization
top conversion rate optimization companies
top conversion rate websites
top conversion rate optimization experts
top conversion rates traffic
best penalty conversion rate premier league
best dollar conversion rate
best free kick conversion rate all time
best goal conversion rate in europe
best penalty conversion rate ever
best us conversion rate
best shot conversion rate premier league
td conversion rate
td bank conversion rate
transferwise conversion rate
thailand conversion rate
todays conversion rate
thca to thc conversion rate
$ to £ conversion rate
today conversion rate usd to inr
today dollar conversion rate
$ to euro conversion rate
conversion rate will be
worst 50 to 100 conversion rate
worst penalty conversion rate
worst currency conversion rate
worst penalty conversion rate premier league
worst century conversion rate
worst conversion rate
worst conversion rate in premier league
worst conversion rate in test cricket
worst conversion rate to usd
should i use paypal conversion rate
should you use paypal conversion rate
what should my conversion rate be
what should my website conversion rate be
to maximize conversion rate the sales funnel should be
what conversion rate did i get
do you accept conversion rate
do you calculate conversion rate
do conversion rate
how do you calculate a conversion rate hubspot
how do you work out conversion rate
how do conversion rates work
how to do a conversion rate in excel
how do you calculate sales conversion rate
how do i calculate conversion rate
how do i check my paypal conversion rate
does paypal conversion rate change
does paypal increase conversion rate
does video increase conversion rate
does conversion rate affect seo
does conversion rate decrease as traffic increases
does conversion rate help seo
what does conversion rate mean
what does a website’s conversion rate reflect
what does conversion rate mean in sales
what does conversion rate measure
was ist conversion rate
was ist eine gute conversion rate
was ist eine conversion rate
how was the conversion rate
why would conversion rate drop
how would you express the rate of conversion of the zinc
could not determine valid conversion rate
no exchange rate conversion factors could be
submitted by GiuliettaShop to Popify [link] [comments]

CFDs or Futures

Hi,
I am a Canadian resident trading spot forex and commodities CFDs with Oanda, (a regulated broker). I want to know if Futures trading in general is more advantageous over what I am doing now. Am I missing something? Is their greater potential/risk with Futures? Is it less expensive in terms of fees? Is trading Futures through a centralized open market is better than trading CFDs against my broker even if it’s regulated?
For more info:
I day trade and swing trade, but I never keep positions open during weekends.
I would probably use IB as my broker since it looks like the best choice for Canadians.
submitted by Name_L-C to FuturesTrading [link] [comments]

ETORO vs INTERACTIVE BROKERS vs OANDA vs CORE SPREADS

Hi guys, just want to compare brokers. I am looking for a broker that allows users here in the philippines
I want to open an account to trade in the global market. I've been using ETORO for some months already and there's a lot of negative reviews with regards to their withdrawal process/fee.
Then the trader that I am following uses Core Spreads which is why I want to consider it. I also saw Interactive Brokers allows API calls which is also good since I also want to automate my trades.
I see OANDA from some posts here and they say it's also good.
What you think guys? Pros and Cons?

EDIT: I am now reviewing this brokers: pepperstone, IG and Forex.com. Those brokers had the best reviews made by pinoy bloggers
submitted by JPAO15 to phinvest [link] [comments]

Questions RE algo trading "non home" currencies

Hello Forex, long time lurker of this subreddit and thank you all for the valuable insight.
I have an algo system currently working on a few pairs all tied to my "home" currency (USD). My system does best when things are most volatile and I'm having a difficulty understanding how the brokers handle trading in pairs that require a "double hop" to my home currency, if that makes sense.
Here's an example:
I get a positive long signal for GBPJPY, now entering would require taking the USDJPY price into consideration. I'm currently using Oanda and I can't really tell how they calculate the "home currency" conversion. I'm not sure if that's just built into their spreads, or it just calculates it dynamically during a GBPJPY transaction.
What I assume is happening:
- I BUY GBPJPY
- Oanda behind the scenes purchases USDJPY, and then proceeds to enter GBPJPY
But I cannot see any of those details in my account (the price of the USDJPY conversion). All I see are the GBPJPY transactions. I can't imagine I don't have to deal with the double volatility while trading in a pair outside of my home currency.
Hopefully this question makes sense.
submitted by estimated1 to Forex [link] [comments]

Broker fees

Hi, I really like the TradingView platform, and would love to connect a broker with them and trade in real time. I'm disappointed that Coinbase Pro isn't an available broker, but I am open to the idea of opening up a separate account with the brokers that TradingView provides. Are fees across all brokers the same for trading cryptocurrency? If not, which broker is the best overall? (Out of CQG, FXCM, OANDA, forex.com). I live in the US btw.
submitted by moutheaters to TradingView [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

What trading platform to use

So I have been involved with trading forex with a demo account for almost a year and am looking for a new platform to use. I obviously heard of MetaTrader, Tradingview and Oanda (Not too familiar with this one). I am Canadian and Oanda seems to be quite popular among Canadians but am open to using the first 2. I am also looking to now open a real account with $500 so out of the three suggested please let me know what you think the best one to use is.
submitted by JonnyyOnTheSpot to Forex [link] [comments]

crypto trader turning to forex

Hi guys I've been trading crypto for a while and made good profit on it and cashed a good portion as well. Last few months have been unbearable (hah) with crypto and I'd like to try some different things. I know that crypto is a lot different than other markets but I'd like to know how it differs exactly. (volatility, not a 24/7 market, catalysts, etc). From what I've gathered forex is also a lot harder than crypto so I might have to adjust my trading strategy as well. I'd like to know what a complete beginner to forex needs to know and what the best course of action is. I started a demo account with oanda and I've also started setting up my trading journal/system/strategy. I'm planning on starting small when I'm playing with real money but right now I want to do demo for ~1-2 months and see how it works exactly. Any tips would be appreciated!
submitted by Acerial to Forex [link] [comments]

Oanda - "Forward Thinking Traders" Webinars

For anyone starting out and looking for a good(and free) training course I'd suggest signing up for the Oanda "Forward Thinking Traders Series" of webinars - actual traders, telling you how to trade. You will need to have opened an Oanda account. I think the series starts again at the beginning of July.
Like most people here I've watched loads of forex tutorials and I'd rank these webinars as among the best - normally people are overloaded with information, these webinars are each an hour long and traders simply show you step by step what you should be doing.
Web page here(click the "Premium Webinar Series" box) - https://www1.oanda.com/forex-trading/learn/classroom
submitted by NeoGeo2020 to Forex [link] [comments]

How to Set Up Oanda Forex MetaTrader (MT4) Demo & Live ... Let's Talk About: Oanda - Are They A Good Broker? - YouTube OANDA  Buying and Selling Limit Orders in Forex using ... Oanda - YouTube OANDA  fxTrade platform tools: advanced charting Oanda Order Books Forex Trading Strategy

OANDA named No. 1 forex broker in Singapore for the fourth year running. Apply nowchevron_right. 27th November, 2017. OANDA launches new education portal. Apply nowchevron_right. 28th September, 2017. OANDA wins prestigious Best Forex Trading Technology award. Apply nowchevron_right. 27th September, 2017. Spreads from 0.1 and AUD3.50/100k commission with OANDA’s core pricing model. Apply ... Is Oanda or Forex.com better? Well, It depends on whether you trade forex, crypto, indices or stocks, and what features matter to you. Compare Oanda and Forex.com (and another popular alternative) in this up-to-date comparison of their fees, platform, features, pros and cons, and what they allow you to trade in 2020 We use a range of cookies to give you the best browsing experience. By continuing to use this website, you agree to our use of cookies. ... plus up to 25 years' historical exchange rates across 38,000 forex pairs. See converter. FX Data Services. Discover OANDA Treasury, Exchange Rates API, Historical Currency Converter and Corporate Payments solutions. See our services. See all partners ... OANDA's currency calculator tools use OANDA Rates ™, the touchstone foreign exchange rates compiled from leading market data contributors.Our rates are trusted and used by major corporations, tax authorities, auditing firms, and individuals around the world. Experience forex and CFD† trading with a free demo account. Test trading strategies under real-market conditions via web, desktop, and MT4 platforms, as well as mobile apps for iOS and Android. Start using a demo forex platform now EXCEPTIONAL EXECUTION. Our trading platforms are engineered for speed with 98% of trades executed in 0.057 seconds or less – 1/5th of the blink of an eye ... / Top 10 Best Forex APIs: Yahoo Finance, Tradingview, Oanda and more. Top 10 Best Forex APIs: Yahoo Finance, Tradingview, Oanda and more . June 24, 2019 By Shyam Purkayastha Leave a Comment. Foreign Exchange, also known as Forex (FX) is a fully decentralized global market where currencies are bought and sold. To facilitate trading, many brokerage companies provide an online infrastructure that ... After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on OANDA: Founded in 1996, OANDA is regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. OANDA's offering of research tools, news, and market analysis is excellent. Is OANDA one of the best Forex Brokers? We conducted an in-depth review in November 2020 to find out the answer and bring it to you! OANDA is one of the largest and oldest online brokers and has been in the currency business since its launch in 1996. They are also the authoritative source for currency data for leading companies, including tax authorities, accounting firms, and financial ... Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker.Let's compare FOREX.com vs OANDA. Want to find the best platform between Oanda and Forex.com based on your needs? Here’s the perfect place to start. We have compared more then 100 variables and features for you to carefully compare these two brokers. We have divided them in a logic structure to be easy to navigate. You can scroll the whole post, or you can use the quick menu. Remove. Open an account. 72% of retail investor ...

[index] [20343] [6342] [23917] [21050] [25552] [28792] [3670] [17459] [15367] [9758]

How to Set Up Oanda Forex MetaTrader (MT4) Demo & Live ...

Oanda Forex Trading Strategy Book Book - This episode of Forex Club Indonesia wants to share tutorials on how to trade forex and forex strategies using order books. 📈 Learn more about Oanda and get rebates on every trade: https://d2t.link/oanda In this new series "Lets Talk Brokers" I'll be reviewing different Forex brok... A limit order is a market order that includes special instructions preventing it from being executed until the market price reaches the price you specify whe... http://www.pameladbrown.info This video shows you how to set up Oanda Forex MetaTrader 4 (MT4) demo and live broker accounts for Forex trading. OANDA Forex Education Advanced capabilities of the OANDA web platform - Duration: 37 ... Which Platform is Best for Forex Trading? 💭📈 - Duration: 17:18. TraderNick 14,092 views. 17:18 ... Oanda CFD XAUXAG UK 10 YR UK best while USD Thai baht looks good by Bryan Downing. 13:23. Latest analytics dashboard feature tour with CFD Forex CryptoCurrency by Bryan Downing. 10:09. Market ... New to OANDA fxTrade Practice? Learn how to get started and navigate your way through our award-winning demo trading platform. Visit: https://www.oanda.com/

https://binary-optiontrade.kunsfever.gq