BabyPips.com Forex Forum - Forextown http://forums.babypips.com/ The magical town where all traders can gather together to discuss anything and everything about the Forex. Also, check out our main Forex site for more Forex goodness. en Mon, 20 May 2013 21:11:19 GMT vBulletin 60 http://forums.babypips.com/images/misc/rss.png BabyPips.com Forex Forum - Forextown http://forums.babypips.com/ What is a Standard Lot? http://forums.babypips.com/forextown/54068-what-standard-lot.html Mon, 20 May 2013 03:55:20 GMT Choosing a lot size to work with will make a big impact on your risk managment strategy. You might find yourself asking “which lot size will work... Choosing a lot size to work with will make a big impact on your risk managment strategy. You might find yourself asking “which lot size will work best for me?”. The answer really depends on your trading style but a basic rule of thumb is the smaller the better. The smaller your lot size, the more flexible you can be when it comes managing your trades. ]]> Forextown ronerown http://forums.babypips.com/forextown/54068-what-standard-lot.html Is hedging allowed in Canada? Is FIFO rule applicable in Canada? http://forums.babypips.com/forextown/54048-hedging-allowed-canada-fifo-rule-applicable-canada.html Sat, 18 May 2013 16:22:38 GMT I know that hedging is not allowed in US. Also there is FIFO Rule applicable for all US Forex Traders. I want to open a Forex Trading Account with a... I know that hedging is not allowed in US. Also there is FIFO Rule applicable for all US Forex Traders. I want to open a Forex Trading Account with a company which allows hedging and where there is no FIFO Rule. As a Canadian which company I should register with to get all these benefits? ]]> Forextown LEOPEO http://forums.babypips.com/forextown/54048-hedging-allowed-canada-fifo-rule-applicable-canada.html The top of the forex food-chain http://forums.babypips.com/forextown/54047-top-forex-food-chain.html Sat, 18 May 2013 13:53:42 GMT EuroMoney has published their list of the *Top 10 Currency Traders* --- big banks at the top of the interbank network --- as of May 2013. Of these... EuroMoney has published their list of the Top 10 Currency Traders --- big banks at the top of the interbank network --- as of May 2013.

Of these 10 mega-banks, the top 9 from last year's list remain the top 9 this year. But, Goldman Sachs has been replaced by Bank of America Merrill Lynch in the #10 spot. Bank of America Merrill Lynch comes onto the list with slightly less market share in 2013 than Goldman Sachs had in 2012.

In terms of overall market share, nearly 80% of the world's foreign exchange business flows through the top 10 banks. This overall market share has increased only slightly from last year.

Three banks have gained market share at the expense of the other 7 banks. The winners were Deutschebank, Citigroup, and HSBC. Deutschebank (#1 on the list) increased its foreign exchange market share by 4.2%, while Citigroup (#2) increased its share by a whopping 21.5%, threatening Deutschebank for the #1 spot. In fact, Citigroup has a larger share of the market in 2013 than Deutschebank had in 2012.


Here is the May 2013 list:


Data source: EuroMoney FX Survey 2013 -- Graphic: courtesy of Wikipedia




For comparison, here is a link to the list of Top 10 Currency Traders from May 2012 (along with some commentary on the LIBOR rate-rigging scandal). ]]> Forextown Clint http://forums.babypips.com/forextown/54047-top-forex-food-chain.html Backtest Problem~ Urgent http://forums.babypips.com/forextown/54034-backtest-problem-urgent.html Sat, 18 May 2013 07:19:16 GMT I tried backtested on my EA using mt4 , but I get 2 different results . I bactested using the same EA on market day and get 1 result. then I... I tried backtested on my EA using mt4 , but I get 2 different results .

I bactested using the same EA on market day and get 1 result.

then I backtested again using same EA on no market day and get different results from market open day.

I hope to get opinion from u all whether u all faced this kind of problem before?

And which results is the accurate one? Market open or Market close?

Thanks ]]> Forextown shane http://forums.babypips.com/forextown/54034-backtest-problem-urgent.html Where can I get previous forex data from? http://forums.babypips.com/forextown/54019-where-can-i-get-previous-forex-data.html Fri, 17 May 2013 12:41:23 GMT I need to backtest older data. But in my mt4 , the oldest for H1 time frame only until August 2012. I need more and anyone here can suggest a... I need to backtest older data. But in my mt4 , the oldest for H1 time frame only until August 2012.

I need more and anyone here can suggest a website that is accurate for me?

I need accurate data to backtest, furthermore, Im using 5 digits broker.

Or anyone have previous data for Alpari UK? Im using that broker. ]]> Forextown shane http://forums.babypips.com/forextown/54019-where-can-i-get-previous-forex-data.html Trade Capture http://forums.babypips.com/forextown/54018-trade-capture.html Fri, 17 May 2013 12:23:05 GMT Greetings forex people I am trading with Alpari on MT4, I normally use the RSI, Parabolic SAR and Envelop as Indicators. I would like to be able... Greetings forex people

I am trading with Alpari on MT4, I normally use the RSI, Parabolic SAR and Envelop as Indicators. I would like to be able to keep visual logs of each trade I execute so that that I can store them and look back at the indicator readings and other things for the unsuccesful trades.

Does anyone know of a system that can capture a screen shot of each trade at the very moment you enter a position.

Thanks ]]> Forextown ropunzel http://forums.babypips.com/forextown/54018-trade-capture.html Daily Rant From the Dealing Floor http://forums.babypips.com/forextown/54006-daily-rant-dealing-floor.html Thu, 16 May 2013 23:39:44 GMT Hi Trader,

Thought i give you some insight from my contacts in banks and hedgefunds for some daily Asian session trade idea's and flow information.

Please do you own analysis before jumping into any trade ideas discussed and trade with risk management no matter how certain you are about a trade

Happy Trading

TradeAlerter ]]> Forextown TradeAlerter http://forums.babypips.com/forextown/54006-daily-rant-dealing-floor.html Microtrends, what are the qualifications? http://forums.babypips.com/forextown/54003-microtrends-what-qualifications.html Thu, 16 May 2013 22:59:26 GMT Microtrends... What it is, and how to capture them? I currently am running a very successful price action system that is able to capture microtrends.... Microtrends... What it is, and how to capture them? I currently am running a very successful price action system that is able to capture microtrends. I'm just curious to know what the common opinion of what a microtrends is... Time length microtrends typically occur within, as well as microtrend length (pips), and other qualifications? In my own personal opinion, what I classify as a microtrend is 20 pip move in the market... Or would you guys consider a 10-15 pip movement a microtrend as well? From personal experience trading my current price action system, if market chop is taken into consideration and previously daily movement was not too particularly heavy, nor to soft... microtrends occur on a daily basis? These so called microtrends can take less than an hour to 14 hours from start to finish to complete. Unless one disagrees and would say a microtrend has to occur within a set timeframe to be qualified as a microtrend? Thank you and I look forward to your opinions and knowledge on the matter at hand. ]]> Forextown Leg0nd http://forums.babypips.com/forextown/54003-microtrends-what-qualifications.html A Guardian Angel to monitor your trading? http://forums.babypips.com/forextown/53991-guardian-angel-monitor-your-trading.html Thu, 16 May 2013 16:37:29 GMT Hey! I just got into the Forex and trading world. What are your thoughts on feedback systems, when trading online? BelforFx, offers you a trading... Hey!

I just got into the Forex and trading world. What are your thoughts on feedback systems, when trading online? BelforFx, offers you a trading tool called Guardian Angel when you open an account. This tool monitors your trading and provides a feedback on how you trade. For me this is awesome and so helpful when I am trading, cause it helps me make decisions. Do you think all traders find it helpful, when making decisions on the market? ]]> Forextown fersuarezlee http://forums.babypips.com/forextown/53991-guardian-angel-monitor-your-trading.html Market Updates 15052013 http://forums.babypips.com/forextown/53953-market-updates-15052013-a.html Wed, 15 May 2013 11:56:02 GMT Hi everyone, Feel free to comment. GBPUSD - Price structural failure at 1.5209 to reverse to downtrend on daily Monthly,Weekly and 4H... Hi everyone,

Feel free to comment.

GBPUSD - Price structural failure at 1.5209 to reverse to downtrend on daily
Monthly,Weekly and 4H timeframe are in downtrend.

AUDUSD -Downtrend.Hit 2% target.

EURJPY - Uptrend.Broke from inside compression.

EURUSD - Short at 1.2952.Currently up 90 pips.

USDCHF - Strong bullish strength.
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]]> Forextown masterthemarkets http://forums.babypips.com/forextown/53953-market-updates-15052013-a.html Using angles to ascertain trend strength http://forums.babypips.com/forextown/53945-using-angles-ascertain-trend-strength.html Wed, 15 May 2013 06:28:07 GMT Hello all, I'm a trend trader and have just thought of a new idea, and wondering if-

1: it is just new to me.

2: There is a fundamental flaw that I am blind to.

I'm open to your comments and suggestions.

Let's say that you set your chart to the daily time frame, and just apply 2 EMAs ( one a period of 5, and the other a period of 10).

If these two EMAs cross and the price action continues to move in that direction, I though that I could determine if the trend is strong by measuring the angle of the two EMAs. This can be done a few ways. I just simply put a protractor on my screen , lining up the middle (90 degree) line with the candle on which the EMA cross happened. (yep I'm a really technical guy!) If the angle of the EMAs is greater then 45 degrees then the trend is strong, under 45 degrees and it is weak. This could be done with any indicator or timeframe.

What do you think? Am I missing something? ]]> Forextown justlearning http://forums.babypips.com/forextown/53945-using-angles-ascertain-trend-strength.html Are there Forex brokers with unlimited demo practice accounts? http://forums.babypips.com/forextown/53941-there-forex-brokers-unlimited-demo-practice-accounts.html Wed, 15 May 2013 01:46:06 GMT Iron FX offers unlimited demo and so does Plus 500. Are there any other brokers with the same offer? Iron FX offers unlimited demo and so does Plus 500.

Are there any other brokers with the same offer? ]]> Forextown ronerown http://forums.babypips.com/forextown/53941-there-forex-brokers-unlimited-demo-practice-accounts.html Could you guys share some trading strategies? http://forums.babypips.com/forextown/53919-could-you-guys-share-some-trading-strategies.html Tue, 14 May 2013 09:45:56 GMT Here is some of mine: 1. Stop Loss: Once you order, you must set the stop loss meanwhile, 30-50 pips usually. If you can’t control, just simply... Here is some of mine:
1. Stop Loss: Once you order, you must set the stop loss meanwhile, 30-50 pips usually. If you can’t control, just simply don’t place orders.
2. Transaction Frequency: Trading for over twice a week can be called over-trading.
3. Trade with the Trend: Never make contrarian transactions unless you decide there will be a reversal.
4. Execution Mode: Employ market execution as it’s possible. If there are few chances in the market, you have to take market execution; if there are many, you don’t need to. It needs much trading experience to employ pending execution.
5. Stop Profit: If it goes healthily, keep it, until it weakens.

Looking forward to your opinions! ]]> Forextown anita88 http://forums.babypips.com/forextown/53919-could-you-guys-share-some-trading-strategies.html Can you build up your MT4 platform all by yourself? http://forums.babypips.com/forextown/53917-can-you-build-up-your-mt4-platform-all-yourself.html Tue, 14 May 2013 09:32:40 GMT Can you build up your MT4 platform all by yourself? btw, what plugins or software do you apply to your trading system to automate your daily routines? Can you build up your MT4 platform all by yourself? btw, what plugins or software do you apply to your trading system to automate your daily routines? ]]> Forextown anita88 http://forums.babypips.com/forextown/53917-can-you-build-up-your-mt4-platform-all-yourself.html Index trading as futures. http://forums.babypips.com/forextown/53875-index-trading-futures.html Mon, 13 May 2013 15:02:42 GMT Hi everyone)Why all forex brokers out there offer index trading as futures?Can we trade global indexes like SPX500,AUS200,UK100 etc as spot... Hi everyone)Why all forex brokers out there offer index trading as futures?Can we trade global indexes like SPX500,AUS200,UK100 etc as spot instruments like we trade forex pairs in the spot market?
Thanks
Happy Trading ]]> Forextown marketdeal http://forums.babypips.com/forextown/53875-index-trading-futures.html