Hi guys,submitted by Snoo_37754 to Forex [link] [comments]
I've been trading for 4 years now and i have not witnessed what I'm seeing right now on my Metatrader 4. I'm watching GBPCHF as it creates the right shoulder for the inverted head & shoulders and I have a massive sell on as the market closed for the weekend. However; on every other broker this price is no where to be seen.
AxiTrader chart via Metatrader
Look at the attachments....can anyone explain this?
Oanda Chart via Tradingview
submitted by Bitex1 to u/Bitex1 [link] [comments]
The use of cryptocurrency is spreading fast among business communities around the world. One niche with great potential for cryptocurrency use is the market of traditional tradable assets of foreign currencies, shares, bonds, interest rates and minerals.
As soon as the right regulations on blockchain are put in place, traders will be able to use cryptocurrencies such as bitcoin to trade assets. The doors will be wide open for institutional investors, international manufacturers and merchants to start using cryptocurrencies for transactions. Paying for delivered products with cryptocurrencies will greatly reduce transaction expenses since the system is fast, secure and free of additional fees. These qualities will enable buyers and sellers in these markets to guard against risk and save a little cash.
You can imagine the asset demand the use of cryptocurrency in the stock markets would create. The volume of speculation and hedging operations of traders will grow significantly. Combined with high-frequency robots and trading algorithms that help perform transactions faster and more accurately, the market volumes and the income of trading platforms is bound to skyrocket.
As per the Bank for International Settlements (BIS) over the counter derivatives were traded for a whopping $632.5 trillion in 2012. In the same year, traditional exchange markets garnered $52.5 trillion. When the two are compared, the former made 92% of the global derivative market while the latter only made 8%.
According to WTO,
· Global commodity trade made: $18.255 trillion in 2011, $18.323 trillion in 2012,
· Service trade made: $4.2433 trillion in 2011 and $4.4232 trillion in 2012
These values are still way behind the derivative market trade volumes.
What are the challenges?
Delving into the asset markets with cryptocurrencies as a means of trade comes with a few challenges. For one, it is difficult for private persons with small investments to access these markets. And even if you were a big corporation, there is currently no opportunity to trade with exchange asset derivative instruments that are expressed in cryptocurrencies (Bitcoin, Ethereum, Litecoin.)
How Traditional Stock exchanges work
Trading is carried out with the use of fiat currencies and is performed through brokers. The brokers work for huge corporations hence the high expenses and large volumes of transactions. The volume of one trade at exchange markets with the real delivery of currency on the second working day could make up to about $5 million.
On the other hand, the cost of one conversion transaction makes from $60 to $300. On top of these costs, a trader could spend up to $6000 a month for interbank information and trading terminal. This is obviously not conducive for small-scale traders.
In order to curb the high costs of trade, two American stock exchanges, CBOE and CME introduced trade with futures for BTC at the end of 2017. The only problem is that they impose high requirements on the lot size. Another challenge is that futures at these stock exchanges are calculated and not delivered hence trade participants cannot actually buy BTC.
Curbstone brokers or otherwise known as ‘bucket shops’ are forex brokers who offer clients small transactions without registering them with the interbank market. The brokers act as an opposite side in a transaction which means that the client's profit turns out to be the broker’s loss, and the client's loss - into broker's proﬁt. This conflict of interest has resulted in brokers manipulating charts to make transactions of their clients unprofitable. Bucket shops do not publish reports on transactions, which makes activities of such brokers non-transparent.
Of late, many of them have begun offering trade with cryptocurrencies. It makes trading flexible but not ethical and trustworthy as it is with the traditional stock exchanges.
As a matter of fact, this lack of trust in curbstone brokership has led to their ban in some countries where they are considered fraudulent.
So what is the solution?
Cryptocurrencies have enabled ordinary people and investors to save and grow their money discreetly away from unfair control or seizure by state regulatory bodies. The use of cryptocurrency in the blockchain network is a powerful expression of freedom that should be spread across all trading platforms.
In this regard, we believe in the development of future exchange asset derivative instruments that make use of the available cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other high-liquid cryptocurrencies.
This will make bull or bear traditional assets widely accessible to professionals and beginning traders. More importantly, there will be lower transaction fees about 0.05% when compared to spot exchanges (Bitﬁnex, Binance, Kraken, and Poloniex) that charge in the range of 0.1 to 2%.
BlTEX.ONE is one such innovative trading platform that allows for international trading with assets expressed in cryptocurrencies with a transparent transaction system for the customers. It also has anti-fraud prevention measures to guard against chart manipulations.
The platform allows traders to increase their Bitcoins by speculating on the changes in the price of accessible traditional exchange assets such as the dollar, the euro, gold, oil, beans, cocoa or share indexes.
Our greatest mission is to bring the usage of blockchain and cryptocurrencies into the trading arena. We believe that the creation and functioning of the BITEX.ONE platform for trading with futures on traditional assets would achieve this.
The growing popularity of cryptocurrencies in many developing countries will soon provide them with a legitimate status through effective legislation. When this plane takes off, we want to be ready with an elaborate platform for institutional investors to use cryptocurrencies as investment instruments. Working with futures on traditional assets will create an opportunity for investors to make substantial proﬁt for their customers.
A slightly different definition has bucket shops as transacting actual stock market business, but doing so in a way as to profit from clients' dealings, taking the best price for itself rather than for the clients. Bucket shops ought not to be confused with boiler-room operations, in which high-pressure sales techniques are used to offload over ... Bucket Shops dealing in Stocks and Commodity Futures thrived in the US until the 1920’s when government action began to clamp down on them. These days the remaining Bucket Shops tend to operate from offshore secrecy centres, with Forex having become one of the primary product offerings. FX Bucket Shops. As Forex is a global interbank market, the definition of what makes a brokerage a Bucket ... Today the Forex bucket shops are those Forex brokers that you are dealing with on the Internet from the comfort of your own home. They offer you a free trading platform, an account that you can start with as little as $250 and up to 400/1 leverage, and they wait for you to go broke. it doesn't take long, usually less than a month. That's OK, because it was only $250, and you get payed every ... Unfortunately, bucket shops are still out there so beware! Luckily for you, we at BabyPips.com are more than willing to help you avoid entrusting your hard-earned cash to these nasty bucketeers. To help you separate the good brokers from the bad ones, make your way to the Forex Brokers Forum, where fellow forex traders kindly share their feedback and experiences about a vast collection of ... Bucket shops became common in the late 1800s, when the spread of new communications technologies, such as the telegraph, made it possible to speculate on stock prices in a timely manner. Bucket ... The reason to mention the historical context of bucket shops is that they have a long and colorful history — and until the retail Forex market resurrected them, bucket shops were illegal for decades and sometimes centuries. The British tried to get rid of bucket shops, which they called “stock jobbers,” as early as 1734. In the US, in the 1860’s after the ticker tape was invented ... One of the best ways to detect bucket shops is whether your orders are actually filled in the real market. You can check if the price charts or candlestick chart is matching with other bog name brokers. Especially in the time of news breakout, when the EUR/USD moves nearly 50 points in 10 minutes, you should compare your broker’s prices if their price also moves in parallel.
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Videos that prove conclusively that some brokers may not actually be brokers at all, but a "bucket shop wearing an a-book suit" or even worse running a ponzi... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7 minutes, 31 seconds. AwarenessForex. 3 years ago; 1,633 views; For Chinese IBs and clients affected by ... Stock Market Order Types (Market Order, Limit Order, Stop Loss, Stop Limit) ... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7:31. AwarenessForex ... For Chinese IBs and clients affected by XM's unfair execution policies, there may be hope for those savvy enough to detect or avoid these brokers. This 2nd video shows how relentless a scam broker ... You want to know the REAL.... you want to tap into the mind of a foreign exchange trader. Here's my story, this isn't about stocks. That's something TOTALLY ... Bucket shop (stock market) From Wikipedia, the free encyclopedia Jump to: navigation, search Bucket shop is a brokerage firm that books" (i.e., takes the opposite side of) retail customer orders ...