Slippage is the when a trade is opened at a price that is different from the requested price. This can occur due to lack of liquidity in the markets, or because of high volatility. Slippage can negatively impact your trading P/L, so it is important to be aware of when it happens. TradeProofer’s proprietary software …
Finding the best broker isn’t exactly a black and white task, as there are a wide variety of factors to consider when choosing. Spreads, commissions, swaps, funding methods, and regulation must be considered when selecting a forex broker, however, trade execution is often overlooked when deciding on a broker to trade with. TradeProofer knows how …
TradeProofer’s NZDUSD sentiment has shifted bearish as the pair falls. The pair is currently resting at the 21.4% fibo level at 0.7090. The next fibonacci support level is the 38.2% level, at 0.7030.
In August FP Markets Raw had the lowest spread on average, with a monthly spread average of 0.46 pips, far below the August GBPUSD average of all 50 broker feeds that TradeProofer records or 1.29 pips.Below you can see FP Markets Raw GBPUSD weekly spread averages over the last 5 weeks, compared against the TradeProofer …
IC Markets has had the lowest EURUSD weekly spread average for 12 weeks in a row now, flexing their dominance of forex spreads. During the period all of IC Markets EURUSD spread averages were below 0.0 pips, showing consistenly low spreads. Low spreads minimise the trading costs for forex traders, and are essential for scalpers …
Programming your trading systems and indicators can be draining at the best of times, especially on your eyes. By default, MetaEditor has a white background which can be harsh on the eyes, and also impact your sleep cycle if you are programming at night. The first way to change the colours is by going to …
Have you checked out the “Downloads” tab in the TradeProofer client portal? Here you can find the TradeProofer’s original expert advisor which many of you are already acquainted with. Keep an eye on this space, as we will be releasing active trading expert advisors very soon!
It is in both the forex trader and the forex brokers best interests for every trade to be executed at the best available price. For traders it is essential to have the best trade execution possible for your trading systems profitability, and for forex brokers it is essential to keep your clients happy with a …
TradeProofer Weekly Recap Hi traders, last week spreads on major FX pairs tightened, and Fusion Markets had the #1 spread average for XAUUSD, knocking Think Markets out of the #1 spot. EURUSD IC Markets #1. IC Markets holds on to the #1 spot, with Blueberry Markets & EightCap following up with tight spread averages. EURUSD …
As a trader it can be difficult finding the best place to trade. Between finding a broker that you can trust, making sure that they have good spreads & making sure the commissions are low, it can be a complete handful finding a reliable broker. Luckily TradeProofer can help, thanks to our community of Forex …