Recent content by Toibit

This is not always the case. If a broker doesn't have approved credit lines with liquidity providers (in thi case it is called dealer) and its profitable customers earn more than its losing customers lose, the broker has to pay out the difference of its own pocket and could actually go bankrupt.

The best way to avoid slippage is to subscribe to a broker who sources liquidity from multiple insitutional banks and to open trades during UK-NY session overlap when no important economic data are released.

I fully agree with you. Shan, it's just faster if you bet on red or black at roulette and increasing the bet every time you lose but trust me it won't end well..

As far as I'm concerned any sort of back test is useless. Financial markets are complex structures which are not affected by past events.

No that is not possible as the fx market are closed during that time. However there are some brokers that offer Guaranteed stop loss. In this case your order will be closed at the price specified, no matter the gap.

This is not really true. If you show great results year over year and attract big investors you can actually reach billions by starting with less than 1 million $. However you can't expect to do that without setting up an hedge fund or something similar and by trading in the CFD market. You will...

The issue on counting the number of brokers on the MT4 server is that many brokers have multiple trading server hence you might end up to count one broker multiple times. I don't think there are more than 200 serious brokers who actively offer their services and don't scam people.

CFD bitcoin doesn't have rollover dates however you are subject to overnight fees if you keep the position opened overnight. Be careful as the overnight fees are very high for crypto instruments.

Actually it would be more correct to ask "How do Forex Dealers earn money?" as The FX market is a quote dealer driven market. A dealer is a entity that quotes two prices (bid and ask) and make money buy selling at higher price what they have previously bought or by buying at lower price what...

I don't really have preferred pairs, I like to trade that pair that I believe will make the biggest move be it a major or a exotic pair.

yes, especially in this period where there is chip shortage and also the cost of electricity is steadily increasing due to inflation.

I completely agree. I also don't advice to trade on demo account unless you don't have experience with the trading platform. Also if you have very little capital and feel not ready to trade microlots, you can subscribe to brokers who allow to trade nano lots such us Fxopen.

My advice for those who are wondering wheter buying an EA or not is to NEVER buy an EA. There is really no advantage on selling an EA because the owener of the algorythm can earn a lot more by selling signals/copy trading or by opening a MAM/PAMM account (if the EA is really succesfull of course).

The choice of a broker is affected by a lot of factors including but not limited to: years in business, regulation, brokerage model, spreads/commissions and swaps, platforms offered, deposit/withdrawal methods, communication channels, online reviews.

I'm not a huge fan of technical analysis but if I were to choose among different indicators I would use none of them and trade simply with price action.