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DB9,
The differences between dealer's graphs is actually two-fold. One is the time differences on the servers plus the times that the dealer closes business for the day. Normally in the USA the close of business is 4:00 pm EST. This would possibly account for the time differences you see on the charts.

As for the differences in the prices you see on the charts, forex is different than equities in that there is no ECN like NASDAQ from which everyone gets prices. Depending on where the dealer gets their data feed will partially account for the discrepencies you see in prices. I use Tradestation, IBFX, and Ikon Global and all three have different price feeds so I see discrepencies. However, with that said, the data should not be considerably off.

I have noticed certain dealers at the end of the day in particular, will regularly do stop hunting in which they will run the price up or down to take out stops to net a little extra income for themselves. Their price feeds to you will also reflect their own "internal manipulation" of the market. Remember, most if not all dealing desk dealers have to take positions opposite you (meaning they trade against you) as well as absorb your trades without necessarily passing them on to the market at the time you make them. They are in business to make money from you and the spread is just not enough for them to stay in business. This will account for the price discrepencies you may see in a particular time or price candles.

Again, I recommend Augustin Silvani's book "Beat the Forex Dealer" for a look into the world of the dealers and how they make money.

Good luck trading.
 
The world markets open at 5 pm Sunday and close at 5 pm on Friday (all times are New York Time). Some brokers begin trade at 5 pm Sunday and end at 5 PM Friday. Others begin later and end earlier.
 
Being a newbie, I don't know what it means, but has anyone noticed somthing like this?:
When looking at the graphs of several brokers today, you would think they all show the same pattern: from the closing of markets yesterday.
However, if you look at e.g. eurchf 1M at fxdd (live), forex.com (demo), and fxch (demo), then it's like forex.com shows 1hr more data than fxdd, and 2 hrs more data than fxch. I know they have different time-zones, but also the time difference between these 3 at the last bar (at market close) and the time difference between these 3 at a recognizeable bar that stands out is different....
(eurchf shows a huge step in 1 minute late yesterday, so that makes it easy to compare the graphs).

I don't know what to make of that, but I fear the worst...

Regards,
db9

The Forex market has no central exchange like the stock market for example, so Brokers, Banks, Liquidity providers and ECNs will all differ even slightly from each other as they are all quoting their own prices.
 
Save your money.There are NO good Forex brokers-just lesser degrees of evil POS Bucketshop thieves. Instead - trade Options or contracts-They are at least regulated and somewhat transparent . Spot Forex is for Gamblers and the uninformed poor bastard. Even if u win some money-u then have to worry your broker might confiscate it. All f---n thieves! And thats the good parts of Forex!This market is a joke-and the jokes on your bank account.:shocked:


Dear oh dear. Think someone must've had a bad experiance... Trading is my main source of income & I only trade spot. I wouldn't call myself a gambler, if I was I'd go to a casino. Nor would I call myself an 'uninformed poor bastard'. Maybe you're just no good at trading spot?? Not all brokers are bad. So many people whinge on this site about not having good brokers, I just don't get it am I missing something here? Just pick a big one that offers the products you want & is regulated in either the US or UK. Not that difficult. If they're sh*t & muck you around, find another one, there's plenty of them.

You must've had a really bad run to be so negative... I have to ask why you bother if everything is so rubbish about trading??
 
Hello Cesil

You are absolutely right. Traders are no gamblers. Traders need to know many things about economics, politics. We need to understand and analyze a big basket of news every day. We need to combine the news and find out what they will mean for the future. Traders need to have a deep understanding about mathematics. We need to know what a Momentum is and what a Moving Average (is it simple, weighted or exponential). We need to know how the meaning of Fibonacci for the Support or the Resistance level. And last but not least we need to have a lot of discipline. Not everyone has this kind of discipline that we use. It is not really learning by doing but a question of your own character.

No, we are far away from uninformed poor bastards! And everyone who calls us like this, didn’t understand about us and about the markets.

Mark
 
u r listening?

LOL- I dont remember what touched off that rant. You guys are right and I do apologize for calling all Forex traders gamblers(and other things-its much more complicated than that). Its nice to know some one is listening. Though I still dont fully trust anything Forex(Broker wise) and will be ever vigilant for their "dirty" tricks.:)
 
I've found good explanation how to select the right metatrader 4 brokerage firm. I think, this info would be interesting for all forex traders. I use scalping strategies and I had to change a lot of brokers before I found this information. See iticsoftware.com. BJF Trading Group.
(How to select right FOREX brokerage firm for you strategy: scalping, hedging etc.)
 
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