Turbokaos who do you trade with?
FXCM was great to us. There has been a few mistakes but they just take good care of us. We were worried as there were several brokers that could not insure #65346;#65353;#65351; drops because of credit limitations and went belly up. FXCM is well known and has a decent platform. They've a live trading desk only incase the software gives way. Support is available constantly and constantly in a few seconds particularly on discussion.Originally Posted by ;
The negative points are that their HK division is a lot different compared to their NY, Texas and Sanfran branches. HK limits their account into 1 where US can go down to 0.5. HK does not provide multicurrency accounts like Euro. HK is really hard to understand with all the chinese english also. UK branch is a little slow at sending out wires for gold members. Reporting for US is not available during weekends that's absurd as accounting and CFO sometimes want to analyse weekly.
Anyways. Choose large capitalized firms like FXCM or Deutche if you are sinking big chunks into one broker.
This comes quite close.Originally Posted by ;
http://www.cnn.com/2008/WORLD/meast/...age/index.html
Hi everybody,
I believe this forum is filled with specialists.
Let me ask a question.
I set up 3 MT4 platforms and they all have various quotes plus
on Volume indiors different tick levels.
I'm confused what broker to pick up for my account.
Also I wonder if is there some centralized quotes origin.
More to include, these 3 brokers have various patterns.
Thanks for the help.
Within my 7 years of Currency Market career I've never came across to some thing like this, other then 4 hour chart, all chart shud exactly the same, whichever broker u are using.Originally Posted by ;
When you start M5 you may detect differences between open, low, close, packed with candles.
Not necessarily but it is.
You just need to pay attention to this stuff.
For example examine M5
forex.com Low in 2:45 is 99.260 March 19
upfx.com Low in 22:45 is 99.280 March 18
distinct time zones however candles are equivalent with
2 pips gap.
Spread, that can be entirely broker dependent, distorts charts.Originally Posted by ;
Every broker has his own feed so that is normal for you to get different quotes.Originally Posted by ;
I don't really think that disperse distorts chart since since only bid level is listed.
I see every broker has different feed.
Just very curious is there any currency centralized price level.
What do these heard sessions such as London, NY, Tokyo do?
Do not they centralized price level?
Then from where liquidity providers take the price?
Thanks.
There is absolutely no market, it's an otc market.Originally Posted by ;
Liquidity providers don't take the price from anywhere. The price you see is the best (highest bid and lowest ask) that of the aggregated liquidity gives. If you're interested in finding historic data
http://truefx.com/ is a pretty good resource.