by forexauthor on February 23, 2010 · Filed Under: Forex
Tags: forex broker, forex robot world cup, frwc, fxcm, fxcm interview
Learn this exclusive secret Fibonacci Retracement method FREE that pulls 500+ pips per trade. Get these Forex Scalping Cheatsheets FREE. Download the FRWC Brutal Truth 40 Page PDF Report FREE on EAs and the 3 three mistakes you should never make while trading with them.
———————————————————
1. The most EXCLUSIVE piece of FX content you will EVER have access to
2. One more piece of solid proof that the Forex Robot World Cup
(FRWC) is the next big thing in automated FX trading.
3. What did the biggest and most important FX broker (currently having 150,000 live accounts) in the world think about the FRWC and why did they decide to become their official sponsor?
———————————————————
Ok… this is BIG so pay close attention here. As you know (most likely because you have been following their competition for months now) the FRWC held the biggest, most important, transparent, automated FX trading competition in the world. 329 FX robot developers from all over the world submitted their EAs to the competition in order to qualify for the 2 month
real-money, LIVE trading phase. How many qualified? 24!
That’s right… only 24… why? Quite simple - most did not have what it took to pass their tough qualification rules… rules designed to qualify only the best of the best. So…The last phase of the competition is over - the winning EAs are, hands-down, the next big thing to hit the FX industry, and will soon be available for purchase. So what does the FRWC have in store for you today? Well… to be honest, even I was amazed by this. I have never ever seen something like it done before in the industry.
———————————————————
An Exclusive Interview By the Forex Robot World Cup With FXCM…
…The Biggest And Most Important FX Broker In The World!
———————————————————
As you must know already, the FX business is all about credibility and transparency… something in short supply no matter where you look. And, bottom line, as in any other industry, there are the SERIOUS players and the “hit and miss” ones! Why did FXCM, the biggest and most respectable globally regulated FX broker in the world (they have over 150,000 live accounts!) decide to be an official sponsor of the FRWC? Well… you know the answer. The FRWC is a leading authority when it comes to automated FX trading and, trust us, the list of companies wanting and waiting to be associated with it is long.
So…
- What does the biggest FX broker in the world think about the FRWC?
- Why did they decide to be official sponsors of the FRWC?
- What does FXCM think about the transparency of this competition?
- What is the biggest FX broker’s opinion on the fact that all EAs were traded on live accounts and results were updated LIVE?
- Why there is a big difference between real-money, live trading and back-testing / demo trading?
- What does liquidity have to do with anything when it comes to live trading? Hear the real answer for the very first time… no more speculation on this point!
- Why it was necessary to conduct such a competition, considering what current FX product buyers have available to them in the marketplace.
- Why has the MT4 platform become so popular?
- No restrictions, no dealing desk execution… what does that mean to FX traders? (IMPORTANT!)
- The HUGE benefit of FXCM’s partnership with Boston Technologies and how this can benefit YOU!
- What does FXCM have to say about scalping strategies? (you’ll want to hear this!)
…and much more!
This once in a lifetime interview will be available for a short period of time so if you are serious about automated FX trading, make sure you listen to it: This is one of those rare chances you get in life… a genuine turning point in the automated FX trading industry – do yourself a favor… do not miss it:
by forexauthor on February 17, 2010 · Filed Under: Forex Trading
Tags: forex broker, forex brokers, forex robot world cup, forex scalping, fxcm
Get these Forex Scalping Cheatsheets FREE. Learn this Fibonacci Retracement Secret Method FREE that pulls 500+ pips per trade. Read the 40 page FRWC ( Forex Robot World Cup) Insider Report that reveals the true potential of forex robots FREE just now! I’ve been following everything the FRCW has been doing like a housewife does a soap opera. One thing is for sure, no fly-by-night robot peddler is going to scam any of us anytime soon. From here on out, it’s the real deal or NO DEAL. Who else but the Forex Robot World Cup could have Boston Technologies and FXCM, yeah, that’s right, FXCM as their sponsor. To top everything, they’ve just INTERVIEWED FXCM and it’s available right now for a very short time!
Here’s some of what they discussed with the BIGGEST broker in the world today (FXCM is currently home to over 150,000 live trading accounts)
- Hear from FXCM DIRECTLY on what they think about the FRWC and why they’re sponsoring this milestone event in FX!
- FXCM’s take on the complete and utter transparency of having live bots with public 15 min updates for 2 whole months - you want proof - this is it!
- There are more differences between live trading and back-testing / demo trading than you think.
- Liquidity - This shocked me - it’s something you’ll only hear in this interview - you won’t look at trading the same after this!
- Why does the FX industry NEED the FRWC? - find out!
- FXCM on MT4 - hear it from the horse’s mouth
- No restrictions, no dealing desk execution… how will this impact us? (Essential!)
- Boston Tech and FXCM - partners - hear why this is a HUGE plus for traders.
- Do you Scalp? Hear what FXCM has to say to you!
There’s tons more but I don’t want to spoil it for you - it’s one of the best interviews I’ve heard in years! To be quite honest, if you’re not paying attention to what the FRWC is doing you might as well be obsolete. Every-one I speak to has been talking my ears off about them and for good reason! It’s been a long while coming and I say it’s high time somebody decided to shake up this business good and proper. This exclusive content is going to disappear soon so please hurry and don’t be left out.
Some of the things I heard in this interview made me rethink everything I thought I knew about trading! These FRCW boys have been steamrolling through this industry like a Semi with a busted brake line! It’s really been making me re-think everything that I thought I knew about forex. Who else could get a sponsor like FXCM (they currently have over 150,000 live accounts and are officially the largest broker in the world!) and on top of that, conduct a “no holds barred” interview!?
by forexauthor on February 16, 2010 · Filed Under: Forex Trading
Tags: forex broker, forex broker frauds, forex broker scams, forex broker tricks, forex brokers
Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Neutrino Forex Signals. Learn this powerful Fibonacci Retracement secret FREE that pulls 500+ pips per trade. Read the FRWC shocking 40 page PDF insider report that reveals all about the forex robots and the potential of automated trading systems. Knowing your broker intimately is very important for you as most of the time the broker might be trading against you without you ever realizing it. Forex is an over the counter unregulated market. This means that there is no central agency like that in the futures markets that can function as a clearing house.
This unregulated nature of the forex market means that most brokers are free to quote currency rates of their own. What many brokers do is add 1-2 pips to the interbank rate that they get. In times of volatility, you will find that the spreads might suddenly widen. All these are forex broker games that you need to be aware of if you want to seriously dabble in the game of forex trading.
Almost all brokers now tell their clients that no commission will be charged like that in the stock trading. What they don’t tell you is that commission is being charged in the hidden shape of spreads. 2-3 pips bid/ask spread is your trading cost and the broker’s profit.
Now, if you are new to forex trading chances are that you will lose 99% of the time. You lose, your broker wins as the broker has to provide liquidity to the clients and most of the time cannot immediately offset the position in the interbank market as the size of the most transactions are usually small. What this means is that most of the time, your broker is trading against you. The more you lose, the more your broker wins.
Add leverage to this. Your broker will entice you to use a high level of leverage by saying that it will increase your profits. You are new, you don’t know how to use leverage. You end up losing. The more you lose, the more your broker will make.
These are all games that your broker is continuously playing with you. Your forex broker can turn your winning trade into a losing trade by using blip or a sudden spike in the price feed. This is also known as stop hunting. Stop hunting is what many brokers continuously do. You suddenly find that your stop loss order has been triggered and your trade is closed. What you don’t know is that the spike in the price action was artificially created by the broker. So my friend, if you are really serious about trading forex than know your broker first before you start dabbling in the game of trading forex.
by forexauthor on February 15, 2010 · Filed Under: Forex Trading
Tags: forex broker, forex brokers, forex brokers and scalping, forex scalping, scalping forex
Get Fibonacci Retracement Secret Method FREE that pulls 500+ pips per trade. Read this 40 page Forex Robot World Cup Insider Robot on the potential of forex robots and the secrets of automated trading success. Watch these 6 Triple Threat FX Trading Psychology Video Series FREE that reveal a weird trading technique responsible for billions earned. Brokers hate scalpers. If you are a scalping or thinking about using scalping as a trading strategy than you should this fact that most of the time brokers don’t allow it. The reason is this that a broker needs time to move money when it is traded. You see, a broker is acting as a market maker for its clients. So the broker is forced to execute the client’s buy/sell order even when the liquidity in the overall market is low.
I give you an example, suppose you are trading 10 lots of EURGBP. The market suddenly moves in the wrong direction 3 pips in just under two minutes. You get scared and close your trade immediately. You are out of the trade but your broker is stuck with this money in the system.
What this means is that the broker may not be able to pass this transaction in the interbank market for sometimes! So the brokers don’t like scalpers. What they want is a trader who trades long term or is a position trader so that they are able to clear the transactions in the interbank market without risk.
If you are trading a mini account then too you are causing problems for your broker. A broker has to accumulate many mini lots together and lump them into a standard lot before offsetting it into the interbank market.
Now many forex brokers use computer software to identify which one of their clients is using scalping consistently. Scalping means losing profits for the broker! So if the broker determines that you are a scalper and causing them to a profit loss, they are definitely going to take action. That action maybe a sudden banning of your account, my friend!
However, things are changing as banks are also entering into the retail market. Forex brokers may lose their business in the market as more and more banks enter directly into the retail market. But banks are also as aggressive against scalpers as brokers. Some brokers have very lean operations. They just have a website and a small support staff. They can license the MetaTrader Platform to an outside server that specializes in it. They can also outsource the dealing desk to another broker. You will be surprised at how much consolidation has taken place in the retail forex market over the last few years. What to do if your broker does not allow you to scalp? Always look for an ECN.
by forexauthor on November 24, 2009 · Filed Under: Forex
Tags: forex broker
Lots of individuals are starting to be curious about trading Forex. There are various reasons for this, however the most popular ones are the ease to trade in the industry, the opportunity to make the most of markets no matter what direction they’re moving in and also the leverage that’s accessible for traders.
These are all good reasons to trade Forex, however a trader should be careful. Leverage as an example can be a drawback as well as a bonus, if a trader doesn’t absolutely understand a way to manage their risk.
That’s why it’s very important for a trader to stick to a strong trading strategy, before they start trading within the market.
The other issue they will need to think about, is how to find a very good Forex broker. Sadly, the Forex market is unregulated. This means that many brokers can really do as they please, and a few opt to to act in unscrupulous ways.
Joining up with a goodhigh quality Forex broker means that traders will be ready to avoid things like slippage. Slippage is when a brokerage will re-quote a price that a trader needs to buy or sell at. This will always occur to some degree, especially throughout quick moving markets, but good brokerages can keep this to the bare minimum.
A top quality broker will also provide traders low spreads. Basically the spread is the difference between the bid and ask price, or alternatively, what a particular currency will be bought or sold for at a particular time.
The higher the spread the more expensive it is to trade. Top quality brokers offer lower spreads. They will additionally give the chance for coaching and education, so that traders will develop marketplace knowledge as well as their trading strategies.
It also means that they will offer traders with the chance to get up to the minute monetary information, so that they are conscious of world events and the release of economic data, in addition to having the ability to use professional charting tools, as any other skilled industry trader would.
Brokers both good and low quality will additionally give a trader the chance to use leverage during a trade. For those unsure what this means, if for instance a trader trades at 10:1 leverage, they can only need to place down one dollar for each ten$ that they obtain in the market. 20:one would be one dollar for each $twenty that’s traded in the marketplace.
When leverage is used as part of a trading plan, where the risk is manged, then it can provide very good chances for increasing profits. But, each trader has to realize that it can amplify looses very quickly and as a result of of that it must be treated with respect, especially by beginners.
To read an independent review of the Best Forex Brokers, simply Click Here.
Gain realistic recommendations about the topic of forex managed accounts - please make sure to read this site. The time has come when proper information is truly at your fingertips, use this possibility.