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What Broker and Platform for spot forex.


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  #1 (permalink)
 Lawrencejude 
Melbourne/Australia
 
Experience: Advanced
Platform: NinjaTrader, MT4, Jigsaw
Broker: NinjaTrader Brokerage, FPMarkets
Trading: Forex
Posts: 59 since Oct 2011
Thanks Given: 32
Thanks Received: 22

Hi all

I dont want to know y futures are better than forex (i dont have capital for futures and dont wanna trade mini)

I have real hard time to get a broker ( i am a swing trader, most trades are open for 3 days or more)

Charting is the most important one for me (dom and other tools are not important for my sytle)

please help me with your personal expirences.

For now i chart with ninja, but it is not the best for spot forex.

Regards and Tnanks in Advance.


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  #3 (permalink)
 arjfca 
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
Posts: 263 since Sep 2010
Thanks Given: 440
Thanks Received: 91



Lawrencejude View Post
Hi all

I dont want to know y futures are better than forex (i dont have capital for futures and dont wanna trade mini)

I have real hard time to get a broker ( i am a swing trader, most trades are open for 3 days or more)

Charting is the most important one for me (dom and other tools are not important for my sytle)

please help me with your personal expirences.

For now i chart with ninja, but it is not the best for spot forex.

Regards and Tnanks in Advance.

I'M using Interactive broker to trade Forex. I would avoid any free broker of fix spread, free charting software. There is nothing free on this word. What they give you, they will have you pay somewhere. IB have usually a spread of 0.5pip for the major pair + 2.95 / 100k unit trade.

Not the friendlier trading platform, but you could trade it using Ninja. I'm sending my order via Excel and API function and the charting is done with Multicharts

Good luck Happy New Year

Martin


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  #4 (permalink)
 quin2k 
Wellington, New Zealand
 
Experience: Advanced
Platform: Ninja Trader, MetaTrader
Broker: AMP
Trading: CL,ES,FDAX
Posts: 9 since May 2010
Thanks Given: 68
Thanks Received: 36


Lawrencejude View Post
Hi all

I dont want to know y futures are better than forex (i dont have capital for futures and dont wanna trade mini)

I have real hard time to get a broker ( i am a swing trader, most trades are open for 3 days or more)

Charting is the most important one for me (dom and other tools are not important for my sytle)

please help me with your personal expirences.

For now i chart with ninja, but it is not the best for spot forex.

Regards and Tnanks in Advance.

Lawrencejude,

As you're in Australia, try IC Markets ( CFD | CFD Trading | Forex Trading | CFDs | Forex | Zero Spreads). They're an ECN broker and their spreads are probably the best that I've experienced for spot Forex. For EURUSD, I've seen their spreads dip into -ve territory, albeit, for only very brief periods. They have cTrader (best for scalpers) and MT4 which would be ideal for swing trading.

Best of luck.

quin2k


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  #5 (permalink)
tjyoung
Toronto, Canada
 
Posts: 1 since Dec 2012
Thanks Given: 0
Thanks Received: 0


arjfca View Post
I'M using Interactive broker to trade Forex. I would avoid any free broker of fix spread, free charting software. There is nothing free on this word. What they give you, they will have you pay somewhere. IB have usually a spread of 0.5pip for the major pair + 2.95 / 100k unit trade.

Not the friendlier trading platform, but you could trade it using Ninja. I'm sending my order via Excel and API function and the charting is done with Multicharts

Good luck Happy New Year

Martin

Hi,

How fast do you find MultiCharts is with IB? Also, any reason you don't send your orders via MultiChartsn instead of Excel and API? Just personal preference or is there any issue with MC and IB?

Playing around with the demos now and trying to figure out how efficient it is.

Thanks


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  #6 (permalink)
 arjfca 
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
Posts: 263 since Sep 2010
Thanks Given: 440
Thanks Received: 91


tjyoung View Post
Hi,

How fast do you find MultiCharts is with IB? Also, any reason you don't send your orders via MultiChartsn instead of Excel and API? Just personal preference or is there any issue with MC and IB?

Playing around with the demos now and trying to figure out how efficient it is.

Thanks

Hello

I have created an Excel sheet to control all aspect of my entry. Once I get a signal, I decide or not to enter and send an order. I could follow up to 8 charts, I got visual and voice message allert

I can adjust my $ risk, my entry price, my type of entry like a stop, limit stop market etc. I could select every aspect of my trade and this was not easely done via MC. Now, with the last version of MC we could get some latitude that was not available when I start to work on my sheet

Martin


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Last Updated on December 30, 2012


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