The JustForex broker. News, articles, education, talk.
You're welcome, dear friends! JustForex is a licensed and regulated broker that provides 24-hours online currency trading. Here we will post the company's news and interesting articles on the Forex theme.
What forex pairs order do you trade? Do you stick with standard pairs from your broker or do you trade usd vs other currencies?
I am running backtest on forex pairs. I am using dukascopy data with the standard pairs (audusd, eurusd, usdcad, etc). Does it make a difference how I order the pairs because it makes a difference for my results. For example if I only backtesting usd pairs. Should I trade pairs as my broker presents them? audusd, eurusd, gbpusd, nzdusd, usdcad, usdchf, usdjpy. Should I invert some pairs so I am trading usd against the other currencies so my buy and sell signals are against the dollar instead of a mix match. usdeur, usdgbp, usdcad, etc. Trying to wrap my head around what this means. I would think the dollar correlation s would have some effect and I would want to pair everything against the dollar but I have been getting better results when I keep them as the broker has them.
What broker besides IB allows you to convert currency via Forex and instantly avoiding losing money on conversion?
IB has this great feature where you can convert your accounts currency via forex, if you have GBP and USD accounts and want to day trade on multiple markets same day. Also it is instant as you pretty much use forex to fill your order. As an example broker like Saxo, it charges you 1% every time you try to convert internally to different currency and it may take up to 1 day, aka not instantly. Is there any other broker like IB for uk investors?
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CFD Forex vs Currency Conversion in Interactive brokers
I would like to understand the difference between 2 of them. There are separate check box in the account maintainance window. I am holding a cash account and would like to convert between USD,EUR,JPY What is the difference in between them. Should we use different thing for transacting (I am planning to select EUR.USD but it is written like forex). Is there any difference between spreads for Forex and currency conversion. Any clarification is welcome
The broker’s money returning duty determines its decency and reliability. Market coverage. You have to check the availability of trading needed currency pairs. Trading terms and trading fees. This option is very important because the appetites of forex brokers can vary dozens of times. Forex Broker or Traders, tries to predict the direction of specific currencies in which prices of currencies may shift whether the price will go up or down, and traders decide if it is a right time to buy or sell the currency. FOREX.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033. When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, leverage maximums, customer service and, of course, costs. The “best” forex broker will often be a matter of individual preference for the forex trader. It may come down to the pairs you need to trade, the platform, currency trading using spot markets or per point or simple ease of use requirements.
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the procedure of altering one currency into another currency for a range of factors, typically for commerce, trading ... Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. ... Trading forex ... A forex trading method is a method utilized by a forex trader to identify whether to buy or offer a currency set at any provided time. Forex trading techniques can be based upon technical analysis ... The Academy of Forex was created so we can learn as a group what Forex indicators work best and which don’t. We will be testing what Forex indicators are the best and building the best Forex ... There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks).