TradeProofer’s industry index on a 5 week average shows that the average spread is: $29.915 on Bitcoin (BTC/USD)$4.214 on Ethereum (ETH/USD)$2.132 on Bitcoin Cash (BCH/USD)$1.287 on Dash (DSH/USD)$0.006 on Cardano (ADA/USD) Despite digital assets being rapidly adopted there are still extremely large discrepancies between how brokers price the new asset class. Most brokers tend to …
TradeProofer’s NZDJPY sentiment has swung bullish, and the daily bullish structure is still in tact. This is despite the recent sell off having strong momentum. NZD/JPY has traded into the previous resistance trendline which may act as a support. Price has been extremely bearish over the last few trading days, as traders look to hedge …
Currently TradeProofer’s best execution broker is Fusion Markets on their Zero account. Fusion Markets is an ASIC regulated forex broker that offers multi-asset trading across 170+ different products. TradeProofer data shows that Fusion Markets has executed an outstanding 95% of trades inline with their spreads. This means that only 5% of trades executed had slippage …
Brokers have been busy cutting spreads over the last year across forex major symbols. Gold has been no exception to this, with gold spreads getting progressively lower. We have now entered a new era of gold spreads however. Only one year ago brokers spread averages on XAUUSD were around a 20 cent spread. Now TradeProofer …
TradeProofer’s retail sentiment is sell the Greenback, sell gold. Both market bias’s seem to be correct at the moment, as multi-year highs on oil spur USDCAD downside, and gold has rebounded again out of a significant resistance. USDCAD is back below the 1.2400 significant level, and has closed 4 weeks in a row bearish. It …
It’s easy to lose track of the bigger picture when looking at short term spread changes. Let’s have a look at the Month Over Month spread averages for TradeProofer’s Industry index across major forex symbols. In Q4 last year we saw FX Brokers drastically cutting spreads M.o.M. In the last few months spreads have stabilised …
TradeProofer’s NZDJPY sentiment has turned bearish despite the NZDJPY having a bullish seasonal tendency in Sep, Oct, Nov & December. Between 2002 to 2020 the Kiwi-Yen has only had 5 bearish Septembers, 6 bearish Octobers, 4 bearish Novembers, and 4 bearish Decembers. If we exclude the anomaly of the 2008 GFC, downside on NZDJPY has …
TradeProofer’s community sentiment for AUDUSD has turned bullish today, however the kiwi counterpart remains bearish. AUDUSD sentiment is 63% bullish, whereas NZDUSD sentiment holds 76% bearish! On the AUDUSD 1h Chart I currently hold a buy position with a tight stop. Price has broken the descending trendline, and the RSI is attempting to point higher. …
Any forex trader knows that the performance of a strategy changes depending upon the symbol traded. Less commonly known is the fact that your slippage amounts can be significantly impacted by the symbol traded. To get to the bottom of what symbol you have the best trade execution simply join TradeProofer’s community and run free …
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 …