User talk:Forex

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Whats a Forex Broker:

As traders become more familiar with the Forex market they notice many Forex Brokers or Market Makers promoting the same features (quite often, even the same cookie-cutter trading platforms). Many Forex Trading Brokers have such standard features as 24-Hour online currency trading, 100-to-1 Leverage, Commission Free Trading and, of course, Regulated FCM Status. To check by the way on FCM status you may go to the NFA website NFA and search for the firm you are looking for. Traders should have an understanding of their Broker this should include the fx trading platform and many other which are simply features and functionality offered by these Forex market makers.

1-5 pips spreads also known as bid/ask spread on EUR/USD and USD/JPY markets are common: Brokers quote the EUR/USD and USD/JPY of 1-2 pips during most active forex market sessions is common, and increase sometimes in heavy or light liquidity times. This offering is usually good for up to 20-100 million in direct, single click trading by traders. This is common in the retail or even interbank community. 24 hour access to 1-4 pip prices up to 20 million was uncommon only 12-24 months ago this shows the market becoming more competitive.

Slippage: Slippage is often a concern by clients, as well it should be, and many companies in the retail and institutional sector "specialize" in precise slippage on stop orders to expand their revenues from clients. Proof of this is the fact that the market is a Net Zero sum game In the past, we have seen an unwritten rule of filling the client at the clients stop price unless extreme market movement dictated otherwise. Many FCM's now fill all clients (on orders of 1 million or lower) at their prices during Trading hours this also at times has been know as Bucketing Trades. Traders should understand Forex Brokers do NOT all do this.

Some Brokers offer over 50 Currency Pairs: A world full of forex traders requires many options when trading foreign currency. Through relationships with the world's largest banks, and their retail FCM's also refered to asInterbank Brokers Retail brokers or FCM's are able to trade almost any foreign currency pair at any time through their bank Liquity Liquidity. From Euro and Yen to the Polish Zloty and New Zealand Kiwi, Forex Brokers to offer flexibility.

Liquidity options while choosing a broker is important: With Billions in immediate liquidity available through bank-to-bank relationships with some of the worlds leading financial institutions, most Forex Brokers assure that spreads will remain consistent and trades can be executed, regardless of size.

Guaranteed fills on stop-loss and limit orders may be advertised, but it be researched with great care. Remeber this is a net zero sum game Some Forex Trading Brokers actually could plot against the long term success of their traders and benefit. Most FCM's and Forex Brokers understand the importance of a fair trading environment and allow clients to see exactly what prices they can count on when pushing the mouse to buy or sell. Remeber the end all regulation is from the CFTC What is implied on the advertising off the Retail Brokers website should be something traders can count on more often. Again choosing the right broker, one that guarantees fare trading environments is the most important feature of a Broker. What traders see is what traders should get. Staying away from firms that determine if orders are due to fill or not is important. Forex Brokers that will guarantee that if traders see a price quoted on their platform traders will be filled at that price is optimal.

Retrieved from "http://en.wikipedia.org/wiki/User:Forex"

[edit] May I ask

May I ask why you copied Foreign exchange market and, as a result, put your use page under Category:Currency and Category:Foreign exchange market? --ChoChoPK (球球PK) (talk | contrib) 06:44, 2 October 2006 (UTC)

[edit] May I answer your question

Because I wrote it originally, and then people not in the know changed it so I copied my version and put it on my page. I never put this link on Pages in category "Foreign exchange market" I don't know how my user got there. Maybe it's because someone has found value in the page, and linked it?