Forex Articles

MQL5 Market is a secure service created by MetaQuotes Software Corp. for its MetaTrader trading platform. This service facilitates the buying of trading robots, indicators, scripts and other trading programs. One can buy ready-made applications suiting their requirements to work on the financial markets. Traders just need to login to their MQL5 account, launch the marketplace and buy the applications of their choice. These applications can then be launched right from their terminals.

The marketplace has wide array of applications which cater to the needs of all type of customers. There are both free and paid applications available in the marketplace. Applications can be sorted by price, popularity, category and other parameters for ease of search. All applications are listed along with proper description and detailed images. [Read more...]

What is MetaTrader?

MetaTrader is an independent trading platform created by MetaQuotes back in 2002. MetaTrader is one of the very first truly programmable trading platforms that comes with its own programming language. One can trade forex, options and futures with MetaTrader software.

MetaTrader 4 and MetaTrader 5 are the two versions of this software, MetaTrader 5 being the latest one in the market. This software works on MQL5’s Trading Signals service which allows traders to copy trading operations of a Signals Provider on a real time basis.

How does this service work?

Traders need only three things to subscribe to a Trading Signal:

1.  An MQL5.com account.
2. Select the broker name which will display based on the first few characters entered of the broker name.
3. Enter the account number on broker’s server. [Read more...]

The article was originally published in Liquid Markets blog by Nick Bang, edited by Maria Appiou (Liquid Markets Marketing Executive)
The actions of the European Union have left us all in disbelief and we condemn those politicians, officials and legislators who would make it legal to appropriate the savings of hard-working people.

However, to allay any fears you would have about holding funds with a forex broker, I wish to clearly explain why funds held in a trading accounts are not at risk.

Q. Why the EU or any government CANNOT impose a levy on your account with Liquid Markets now or in the future.

When a client deposits margin with a broker such as Liquid Markets, he uses one of our depositary banks to do so or uses his credit card to deposit funds. His account however is not directly with the depositary bank, it is with a forex broker.

As such he does not have a bank account with a forex broker but a trading account. A trading account implies the purchase and sale of financial instruments such as FX, CFD equities, futures etc. Moreover, it implies the utilisation of margin. A levy, tax, or any other form of deduction therefore cannot be applied on your account without your consent because this would imply the possibility of any open positions being liquidated by the deduction, triggering the margin liquidation level. This would mean that the European Union [Read more...]

Forex market is a massive international market where agreeable sellers and buyer make forex transactions. The market is decentralized which means that there is no centralized forex exchange, unlike stock markets. Furthermore, the forex market is open 24 hours. To be able to start trading currencies, first and the foremost thing is opening an account with the ECN broker. When your account is opened, the broker provides a username and password; hence, you become eligible to make transactions. The clients of ECN brokers are individual investors, banks, insurance companies, large corporations etc.

What is the importance of ECN brokers? ECN brokers have automatically integrated software which enables traders to do forex trading. If you have a computer, an internet connection and ECN account, you trade currencies from any where in the word; from your office, home etc. In other words, you can do forex trading from home or anywhere without going to the offices of your ECN broker. The problem with most ECN brokers’ spreads is that they are very wide; hence, people loose to them every time they open and close a trade. This thing adds significant loss to frequent traders. One other big problem is the lower capital requirement with high leverage which they attach their clients with. Would it be right to say that a broker always wins the money while their clients always lose? No it would not be an appropriate thing to say. Let’s talk about some of the key pros and cons of ECN brokers as follows: [Read more...]

Another factor that makes it rather difficult to choose an ECN broker from a list of brokers you have carefully reviewed, filtered, and verified is the fact that not all of them are created equal. In a bid to outdo each other in attracting forex traders to their fold, each one of them try to incorporate additional features into their services and improve and expand on their existing ones.

For example, one factor that will distinctly draw a line between the mediocre and the best among them is the depth and quality of the electronic communication network they belong to. Obviously, brokers who belong to a more extensive network with more reputable financial institutions and reliable liquidity providers under its fold will be able to guarantee immediate and fast execution of orders with the best price and the narrowest spread.

The first ECN for forex trading was the debunked MatchbookFX which was established in 1999. It has since been replaced by other networks like HotspotFX, Currenex, Bloomberg Tradebook, Baxter, FXall, and 360T. Each of these networks provides access to the interbank foreign currency market and supplies streaming currency quotes coming from top tier, major banking institutions. They are in effect intertwined with each other since a network may be connected to several banks which may also be connected to other [Read more...]