Our tight spreads and substantial liquidity are a result of combining quotation streams from 14 of the world’s largest foreign exchange dealers which constitute more than 70%2 of the market share in the global interbank market. The counterparty risk became real in January when losses from the surprise move by the Swiss National Bank (SNB) to end its currency cap against euro nearly crippled brokerage FXCM FXCM.N while online forex broker Alpari UK was forced into administration after suffering heavy losses on the Swiss franc.
Trading features also include characteristics such as beneficial spreads, a high payout ratio, availability of all trading assets such as stocks, foreign currency pairs, indices and commodities, as well as educational materials or modern approaches to this fast and secure activity.
To learn more about how to day trade forex, including basics to get you started (order types, currency pairs to focus on, defining trends…), 20+ strategies and a plan to get you practicing and successful, check out the Forex Strategies Guide for Day and Swing Traders 2.0 by me, Cory Mitchell, CMT.
For example, here at Xtrade, you can now benefit from the Autochartist market alert which employs a sophisticated algorithmic software to process real-time market data and generate rebound, breakout or approach technical trading recommendations at 15-minute granularity levels.
CPI remained steady at 0.2%, short of the estimate of 0.3%. Retail Sales were much stronger, as Core Retail Sales jumped 1.2%, compared to the forecast of 0.6%. Retail Sales rebounded with an excellent gain of 2.1%, crushing the forecast of 0.7%. This week CAD traders will have little guidance from economic releases as the major event was the release of the Federal Budget.
By accepting Forex Broker bonuses you can then perform trades on which you have both sides of those trades covered using the bonus funds at each site and by doing so you are guaranteed to have placed a winning trade with those funds irrespective of the way the currency’s value swings.
The MT5 trading software is available in a free app for smartphones, Androids, tablets and other electronic devices that make it possible to monitor your investment trading account and view your trading history at any time and from anywhere in the world.
Trading in Forex Exchange Market or Binary Options is VERY SPECULATIVE AND HIGHLY RISKY and is not suitable for all members of the general public but only for those investors who: (a) understand and are willing to assume the economic, legal and other risks involved.
The CFTC and Securities and Exchange Commission (SEC) filed an action in U.S. District Court for the Northern District of Texas and the TSSB filed an administrative action charging PIC and its principals with engaging in an illegal $11 million forex operation.