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 …
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 …
Last week EURUSD spreads were relatively unchanged, with the spread index marking a slight increase at 0.156 pips (previously 0.151 pips). – 5/10 broker accounts improved their spread– 5/10 brokers had 0.0 pip weekly spread averages– IC Markets had the lowest week avg. of 0.031 pips The TradeProofer EURUSD Spread Index has exposure to 10 different “Raw” accounts …