Anything over 4pips just plain sucks.

The Best News Trading Broker

ODL, PFG, Man FXclear, fcstone, marex. To name a few... Better get your thinking cap on to figure out how your going to meet the requirements though. $500 isn't gonna cut it.

The Best News Trading Broker

It's an open competition so anyone can view it, even if the do not sign up. You need an oanda demo account though.

Challenge - Oanda contest

Buy an economics textbook.

Fundamental Analysis

The spreads are just as bad as Oanda. BTW, the best brokers to trade the news with aren't even on the list...

The Best News Trading Broker

It's easy to make 300% returns when your swinging a $5000 line. With max leverage your still only commanding about $500k. $500k is only half an interbank contract. Your trading activity is lost in the noise. Trading the exact same system that the ...

Why professionals "only" make ~30% anually

I believe the term that comes to mind is: oxymoron. I just couldn't resist the temptation. Sorry I don't have anything of value to contribute.

price action indicator

Wow brother, not to be critical or anything, but how can you know if your doing it right after only 2 trades? Unless the system has like a 99.9% winrate your almost guaranteed to have a string of 2 losses in any 10. Because they happen to be the ...

Simplicity is the Key

Hmmm... so it seems any positions opened prior to the contest beginning still count towards your NAV change (knew I should have closed that damn position ). It also bases the calcs on your net asset value at midnight, so any open positions will ...

Challenge - Oanda contest

Not that I would ever do something so silly myself, but I imagine a trend trader would hedge in anticipation of a pullback. The positions are still individual, so being long in a trend you can hedge with a short position at a swing high and close it ...

Same Pair Hedging, Am I Missing Something?

Well, I'm sure it's POSSIBLE for you to make that kind of return, but it isn't likely. If you get your money management right on a halfway decent system, you can easily pull 30-50% a month. Unfortunately, your about 1-2 years away from even ...

Beginner Question

The hotspotfx"I" platform is true pricing. The retail based hotspotfx is the same as MBT.

Reading Order Flow

Yup. The heart of the matter is that the MBT orberbook does not show real orders. It's a synthetic book managed by an trading desk. You'll see MBT customer orders ofcourse, but that isn't indicative of what the real market is doing. Durring NFP ...

Reading Order Flow

Just a quick FYI, the MBT orderbook is complete BS. Even if the entire book was consumed in one direction, interbank pricing wouldn't move. You may glean something from it, but it is unlikely to be of much benefit long term.

Reading Order Flow

I just skimmed the book. Doesn't seem to be anything that valuable in it...

A $1000 book..

DOH! Beat me to it.

Price movement as a function of Supply and Demand

It's plainly evident Felix has never seen an institutional platform. I'm not sure why people even bother to listen to this guy anymore. He found one arbitrage opportunity (which was glaringly evident to anyone bothering to look at the platform) and ...

Price movement as a function of Supply and Demand

I'm not on EBS, but if it's like all the other institutional platforms, then no you can't see another parties losses. You have absolutly no way of knowing the couterparties positions. A sell limit order could represent either a liquidiation of a ...

Price movement as a function of Supply and Demand

To deterimine your buying power multiply your cash account balance by the effective leverage rate your broker provides. Most have 100:1 leverage, so a $1,000 account would allow you to control $100,000 worth of currency. After you blow up a few ...

Question about leverage and interest fees

Forget everything you know about the equity markets. None of it applies. You are not charged interest on leverage, regardless how long you hold the position or how much leverage you use. There IS an interest charge on borrowed currency though. If ...

Question about leverage and interest fees