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.
As Forex is a global interbank market, the definition of what makes a brokerage a Bucket Shop is slightly different. For instance there are many legitimate brokerages operating as Market Makers who don’t necessarily place all client trades with a liquidity provider. These genuine Market Makers do however take certain measures to limit their own risk whether this is through the hedging of ... We have already learned about how to choose the best forex broker and there we have discussed about checking the authenticity and reliability of the broker. Forex Bucket Shop is the negative face of such an unreliable broker. In this article, we will discuss what are forex bucket shops? In those cases, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations; if a client has good reason to expect payment, the operator will simply stop taking their phone calls. Though binary options sometimes trade on a ... ‘Bucket shop’ is an American pejorative expression describing: "an establishment, supposedly for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally ... A bucket shop is a brokerage firm that engages in unethical business practices. Historically, they would facilitate gambling on stock prices, often encouraging their clients to use dangerous ... Bucket shop transactions were seldom actually executed on any exchange, but if the bucket shop operator did act as a broker and place the customer’s order on an exchange, he would at the same time place the opposite order for his own account, therefore taking no risk. A Little History. The reason to mention the historical context of bucket shops is that they have a long and colorful history ... My views on Forex Bucket Shops A bucket shop broker is just a glorified bookmaker. In the old days a bucket shop was your local downtown stock broker... nothing more than a seedy betting shop. All a trader did was walk into a bucket shop and bet on fluctuations in stock prices as they were printed out on a ticker tape. It was extremely profitable for the Broker (bucket shop) Even if they ... Most forex brokers profit off client losses, hence making it a losing game for many new traders. Solutions lie in ECNs and exchange rate options. Without putting the orders out into the free market, the client is actually betting against the forex bucket shop operators who are also known as bucketeers. These old school bucketeers did not usually disclose the real price of the asset that their client is trading, which means that they could tell the client that the price moved or didn’t move–whatever was in favor of the broker! But ... Each bucket shop was an internal market, trading on quotes from Wall Street but not on Wall Street itself. This is basically exactly how forex operates today. Accounts can be opened with as little as $250, trades are quickly entered (except when it's to the trader's advantage) and each broker is an internal market (market maker)
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AwarenessForex uploaded, posted and added to Forex Scams Exposed: Insane slippage, unfair order execution, and the bucket shop mindset 3 years ago An exposé on how MM brokers can manipulate ... 01:14 Industry insider exposes bucket shop mindset email screenshot 02:05 VD plugin explanation 02:48 never seen delays over 2 seconds with most other brokers 03:33 screenshot of XeMarkets ... Watch how Omid Rashid, an average Joe, was scammed by a bucket-shop financial trading broker. They took his life savings in the process. SPECTRE's blockchain based, decentralised trading ... Here are my note typed out in the video about the new global stock market view Forex - bucket shop brokers are corrupt Crypto - steep bear market 24000 USA s... HOW TO CHOOSE THE BEST FOREX BROKER / TRADING ACCOUNT (Mr. Broker) - Duration: 14:08. ... Forex Fraud Exposed: Bucket Shop Mentality and Unfair Order Execution (2 of 2) - Duration: 7:31 ... Many binary option "brokers" have been exposed as questionable operations. In those cases, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop ... 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.