hi there,
The time has arrived when I now need to look into " Off Shore Fx and CFD.
I have not traded an account in either of these two fields and so I am going to scribble down a few very early thoughts and perhaps someone(s) may like to offer their more experienced observations.
I have trawled through the Most trusted Brokers list, both On and Off shore to see what the commonalities are …MT4 seems to be on offer with most of the list and since it appears to be transportable, it is my choice of platform.
The next item to crop up was MM or ECN …I need to look more deeply into that.
Liquidity (size)seems to be difficult to measure and so I loaded a few pairs on 1 minute and 30 sec charts to see how they fill in pip to pip. The Aussie is an interesting example because it was not filling in on every pip but every swing point leading into a useful trade was OK. I have not checked the cross currencïes but I imagine they will follow the cross trade volumes .ie EU-JY
Then comes the matter of spread and the consideration of fixed or variable spreads combined with comms or no comms.
“Conforming to Regulating Bodies” should lift the standing of the Brokers, but equally if not greater than this , are the comments of satisfied Traders …this is difficult to measure for a Newbie like me, because many of the complaints may be an Own Goal in their trading or just ficticious.
“Easy access to my own earnings” …can I withdraw my surplus funds easily and simply from the Broker.
My experience of business is that when 2 or 3 important factors fall easily into place, then so does everything else, including the odd dispute …each Party respecting the relationship more than their own opinion.
Today is my third entrance day into the world of Trading Fx and CFD and I am focusing on the items above including etorro and their taylor made platform.
If you would like to offer comments they would be gratfully recieved.
regards