Discuss SolidECN.com

[SOLID ECN LLC]

Solid ECN Securities
FPA Score 5/5​

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Solid ECN delivers an electronic system for buyers and sellers to come together to execute trades in the market. We do this by providing access to information about orders being entered, and by simplifying the execution of these deals. The network is created to fit buy and sell orders presently in the exchange. When detailed order information is not available, Solid ECN supplies prices mirror the highest bid and lowest ask recorded on the available market.

Benefits of Electronic Communications Networks
Price feed clarity is also a byproduct that many think is a benefit because of how the information is shared. All ECN brokers have access to the same feed and trade at the precise price that is provided. A particular amount of price history is also readily available, authorizing for a more straightforward analysis of certain trends within the marketplace. This helps limit price manipulation, as existing and old data are readily available to all, making it more difficult to act unscrupulously.​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection​

 

[SOLID ECN LLC]

Solid ECN Securities
FPA Score 5/5​

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Forex Trades 24 Hours a Day, Five Days a Week​

Retail traders have the blessing of highly leveraged trading with lower margin requirements than in equity markets. But before you get involved with trading in the forex world, you'll have to know about the popular currency pairs.

Here's a shortlist of the six most tradable currency pairs in forex.

1. EURUSD
The EURUSD currency pair tends to have a negative correlation with USDCHF and a positive correlation with the GBPUSD. This is because of the positive correlation between the euro, the pound, and the Swiss franc.

2. USDJPY, trading the "Gopher".
The next most traded pair has been the USDJPY. USDJPY has been exposed to political sentiment between the United States and Asia. The instrument tends to be positively correlated to the USDCHF and USDCAD currency pairs due to the U.S. dollar being the ground currency in all three pairs.

3. GBPUSD, Trading the "Cable".
The GBPUSD pair tends to have a negative correlation with the USDCHF and a positive correlation with the EURUSD. This is expected to be the positive correlation between the British pound, the Swiss franc, and the euro.

4. AUDUSD, Trading the "Aussie".
The AUDUSD currency pair tends to have a negative correlation with the USDCAD, USDCHF, and USDJPY pairs due to the U.S. dollar being the quote currency in these cases. The correlation with the USDCAD is also because both the Canadian and Australian dollars share a positive correlation with each other as both are commodity block currencies.

5. USDCAD: Trading the "Loonie"
The USDCAD currency pair tends to be negatively correlated with the AUDUSD, GBPUSD, and EURUSD pairs due to the U.S. dollar being the quote currency in these other pairs.

6. USDCNY, trading the Yuan.
The USDCNY currency pair describes the connection between the US dollar and the Chinese renminbi, generally known as the yuan. In recent years, it has represented about 4% of daily forex trades.

The US-China trade relationship has been volatile in recent years, feeding USDCNY traders with plenty of speculative possibilities.​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection​

 

[SOLID ECN LLC]

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Part 1/3

Slippage is the difference between the demanded price of a trade and the price at which the trade is opened/closed. Slippage can happen at any time but mostly it occurs during higher volatility markets such as during high-impact news. It can also arise when a large order is executed but there isn't enough volume at the desired price to keep the current bid/ask spread.

Slippage refers to all cases in which a market player receives a different trade execution price than planned.
Slippage happens when the bid/ask spread shifts between the time a market order is ordered and the time an exchange or other market-maker executes the order.

Slippage occurs in all market platforms, including equities, bonds, currencies, cryptos, and futures.

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection​

 

[SOLID ECN LLC]

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Slippage doesn't indicate a negative or positive motion in price movement because any difference between the intended price and an actual price can be referred slippage. When an order is executed by a trader, the asset is purchased or sold at the best price offered by Solid ECN or its liquidity providers. This act can deliver results that are more favorable, equal to, or less favorable than the demanded price. The final quote vs. the planned price can be categorized as positive slippage, no slippage, or negative slippage.

Market prices can change quickly in a high volatility market, allowing slippage to occur during the delay between a trade is requested and when it is executed. The term is used on many market platforms but definitions are similar. However, slippage manages to occur in different circumstances for each venue.

While a limit order stops negative slippage, it has the risk of the trade not being executed if the price does not return to the limit level. This chance increases in situations where market changes occur more quickly, limiting the time for a trade to be finalized at the requested price.​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection

 

[SOLID ECN LLC]

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How to invest online
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It's never been easier for retail traders to finance in today's volatile markets with MetaTrader 5 trading platform. Yet, with so many choices, selecting an online platform that fulfills your exact investment requirements can be both time-consuming and frustrating. To speed up the learning process, we would like to go through the basics of online investing and summarize some of the vital factors traders ought to consider before positioning their first trade.

Online investing authorizes investors easy and frugal access to global financial markets.​

1. Things to consider when selecting an online broker include reputation, platform security, fees/commissions, products, payment options, and customer reviews.
2. When trading online, traders should be able to use market, limit, stop, and take-profit orders.
3. Newbie investors can always utilize Yahoo and Google Finance as a starting point for studying stocks, futures, options, and cryptocurrencies.​

When selecting an online broker, here are several essential things to consider.

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Platform Security.
Solid ECN protects its client's money and identity. You are protected with enhanced security features such as two-factor authentication (2FA) and SMS/email notification login security alerts and we agree not to sell your personal information to third parties. That said, at Solid ECN, the KYC assessment for customers is not necessary for transactions below $1,000.
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Fees/Commissions.
If a trader plans to trade actively, it's essential to choose an online broker that delivers competitive trading commissions, as they can add up fast. Although numerous brokers offer zero commission, be careful that they may add the extra charge through a wider spread. Furthermore, find out if the broker applies minimum deposit costs, annual or monthly account maintenance expenses, data fees, and activity fees. Yes, some brokers will charge you for not trading!

Solid ECN charges only $3 or 0.3 pips for major pairs. The spread is always kept at its minimum which is from zero by integrating +5 tier one banks and liquidity providers. We have no hidden fees and no maintenance expenses. A client at Solid ECN pays a small commission for executing a trade, and that would be all!
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Product Offerings.
Make sure the platform you pick offers all the trading instruments and products you want. For example, if you like to trade complex strategies that utilize different investment instruments, ensure that the platform offers stocks, Forex, Commodities, and futures trading. Solid ECN is even beginning to offer leading cryptocurrencies on MetaTrader 5. Newbie traders may want to consider an online broker that offers a demo account to sharpen their skills before staking real money.
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Online Reviews.
What are other customers saying? Pay special attention to reviews about customer service, platform usability, and commissions. Solid ECN ranked 4.8/5 on Trust Pilot, 5/5 on FPA, and 5/5 on review.io. To get a more accurate consideration, ensure that the broker you are choosing has many reviews, and look for patterns in what customers are saying. For instance, if several reviews are complaining about bad customer service, there's a high chance that the broker may need to work in that area.​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection

 

[SOLID ECN LLC]

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Understanding Basic Order Types​

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Traders must educate themselves with necessary order classes which are common across all trading platforms. Understanding how these order types work and when to utilize them assists get the best execution and managing the market risks.

Market Order
This is a type of execution to purchase or sell a trading instrument at the best-offered price. For instance, consider the bid/ask spread in Apple was $180 – $180.1, and a trader decided to buy the stock at the market price. They would get a quick fill at $180.1, the best ask price. Traders generally use market orders when they want a fast execution.

Limit Order
A limit order establishes the maximum quote a trader is willing to pay for a trading product (buy limit order) or the minimum they're ready to receive a security product (sell limit order). For example, let's say the bid/ask spread in Apple is $180 – $180.10, but the trader believes they can sell at a better price. They could place a limit order at $190, meaning that their securities won't be sold unless the bid price reaches at least $190. Limit orders are very useful for traders who are more concerned about the price than a quick execution

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[SOLID ECN LLC]

Solid ECN Securities
FPA Score 5/5​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection​

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Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs.

United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals.​

	Min Deposit	Max Leverage	Min Spread	Fee
Micro	$5	1:1000	2 pips	No
Standard	$10	1:1000	1 pip	No
Swap Free	$10	1:1000	1 pip	No
ECN	$10	1:1000	0	$3

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Solid ECN Trust Score
Trust Pilot 4.8/5 | Review.io 5/5 | SiteJabber 5/5 | Fx-List 5/5​

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Solid ECN gives multiple account types on the MetaTrader 5 trading platform to help individuals and corporate customers to exchange Forex and Derivatives online.

All Retail, associates, and White-Label clients have the possibility to access various spreads and liquidity via state-of-the-art automatic trading platforms. Solid ECN grants an exceptional type of account options that clients can choose to experience a tailored trading experience that perfectly fills their needs.

United with excellent trading conditions and lightning-fast execution, Solid ECN provides all the tools and aids required for clients of any level to accomplish their trading goals.
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​	Min Deposit​	Max Leverage​	Min Spread​	Fee​
Micro​	$5​	1:1000​	2 pips​	No​
Standard​	$10​	1:1000​	0.3 pips​	No​
Swap Free​	$10​	1:1000​	0.3 pips​	No​
ECN​	$10​	1:1000​	0​	$3​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection​

 

[SOLID ECN LLC]

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Understanding Basic Order Types
2/2​

Stop Loss Order.
A stop loss order helps traders by closing a trade at the market price as soon as the instrument has been dealt with or through a marked price.
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In other words, if the trading instrument reaches the trader's stop price, the order flips to a market order and executes at the subsequent best-known price. For instance, a trader buys Apple stock for $200. But the trader is reluctant to keep the trade running if the share price falls below $150. In this case the trader places a stop-loss order at $150. If the stock slumps t0 $150, the stop-loss order activates and converts to a market order, and the trade closes at the closest bid price. Any trader should consider using Stop-loss orders to minimize trading risks and secure their assets.

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection

 

[SOLID ECN LLC]

Almost every trader spends time seeking that perfect entry or exit point in the market. While the searching process can be interesting, the outcome is still the same. The fact is, there is no one solution to trading the stock markets. Therefore, traders should learn that indicators can only help them find good opportunities to purchase or sell a trading product.

There are four distinct market indicators that most prosperous forex traders are using.

Trend following indicators.
A trend-following tool helps traders find the direction of the current wave. It is feasible to make profits by going against the trend, but more risk will be involved. Therefore, experienced traders find the trend direction to ease their approach to the market.

Most traders use trend-following indicators as a separate trading strategy, and since this is considerable, the real aim of using a trend-following indicator is to locate where you should consider buying or selling an asset. One of the most popular trend-following indicators is the moving average crossover.

A simple moving average symbolizes the average closing price over a specific number of days.

The chart beneath shows the 50-day/200-day moving average crossover for the euro/yen symbol. The approach here is that the trend is good when the 50-day moving average (in yellow) is above the 200-day average (in blue) and negative when the 50-day is below the 200-day. As the chart below indicates, this blend did well in determining the primary trend of the market. You should know, that there will be whipsaws or fake break-outs regardless of your moving-average settings.

The chart below shows a different mix. The 10-day/30-day crossover. The advantage of this blend is that it will respond faster to changes in the market price movements than the last one. The downside is that it will be more exposed to whipsaws than the longer-term 50-day/200-day crossover.

Many traders may claim that the settings they are using for moving averages are the best, but the fact is, there is no so-called "the best" moving average combination.
The important is, that forex traders will benefit from using trend-following indicators regardless of their combinations, and gradually they will find that combination fits their trading strategy.

The trend shown by moving averages should be used to notify traders if they can trade long or short. It should not be relied on when to enter or exit trades.​

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1:1000 Leverage | Spread from Zero | %40 Deposit Bonus | Negative Balance Protection

 

[Deedee19]

I saw on the website that the broker has leverage of up to 1:1000 but I am not a fan of high leverage. What is the lowest leverage that I can use?