Posts Tagged ‘pips’

Sharing Trading Experience at FXOpen using Forex EA

Thursday, May 28th, 2009

Someone wrote me about his forex trading experience at FXOpen, let’s read!

I have to tell my experience about my trading with FXopen.

Last month I opened 2 live accounts to trade EURGBP with two forex EA’s
1)YourLucky
2)Thunder

In the first days, It was good but suddenly I began to lose.. to keep a track I did start to compare the quotations with others brokers like Tadawulfx, GTLonline and GoMarkets. All these three stay on a margin of +2 or -2 pips, which is good, but when I compared with Fxopen, the difference became until 20 pips!! Always on the assian session! and always against you!! (more…)

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Posted in Forex Broker, Forex Software, Trading Forex Online | 1 Comment »

Is it true that all Metatrader and Retail Brokers are Scammer?

Sunday, May 24th, 2009

I agree that per definition all retail brokers are scammers. But that’s per definition only.

We, people who have less than $10,000,000 (ten million dollars) are considered as retail traders. And we are only allowed to trade using retail brokers. We are not allowed to trade in institutional broker. If all retail brokers are scammers, then we are all doomed.
In fact, there are people who have been living comfortable by trading full time, and their account size is nowhere near 10 millions.

I also don’t think that ECN brokers are also doing this. ECN gains no profit / loss by playing with our account. (more…)

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Posted in Forex Broker, Forex Charts, Forex Trading Signals | No Comments »

What is the difference between NDD, Market Maker and ECN?

Sunday, May 17th, 2009

In simple words, the difference between NDD, Market Maker and ECN are:
Market Maker = Not real market. Broker is against you !
NDD maybe NO dealing desk = Market Maker ! Don’t be fool !
NDD = NON dealing desk = No boker involved
ECN = Real trades, but price fast
Guarentee price but can cheat you is Market Maker
Guarentee price if hit like market maker, but NON dealing desk is NDD
Not guarentee price but real market trade is ECN

Let me give you the difference’s sample:

Market Maker: Online Retail Broker who will take the other side of your trade (aka: they trade against you (more…)

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Posted in Forex Charts, Forex Trading Signals, Forex Training | No Comments »