Structure and composition of FOREX market participants - page 8
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No - look it up yourself. and read the rules of the forum
Well it seems to be similar in style to the MICEX. I'll go look there.
Well it seems to be similar in style to the MICEX. I'm going to look there.
I finished it above (clickable)
Man, are you sure you're kidding or what? Cycle 4 times You can't trade on moex via moex. If you want full control, just fuck off to the exchange, where nobody will give you any information except quotes themselves. If you want total control, then just fuck off to the exchange - no one will "cheat" you there. But there is no liquidity on moex.
Yes, then you have to work with a broker who is a member of a centralized currency exchange like banks and big brokers, but then again my broker is a member of MICEX, why does he give me different quotes from MICEX?
Yes, then you have to work with brokers participating in centralized currency exchanges such as banks and large brokers, but then again my broker is a member of the MICEX, why does he give me different quotes from the MICEX, yes, I have a demo account of course, so I asked the broker how I can control the quotes in the terminal on the ECN.MT5 account.
OK then. Good luck.
I found a site like they say real time rates they have from exchanges. I will go and look in my terminal for EUR USD coincides or not at least the closing price on the website chart.
Well, here's the answer :) How much do you get paid?
I found a site like they say real time rates they have from exchanges. I will go and check my terminal for EUR USD or not, at least the closing price on the website's chart.
Here found a site like say real time rates they have from exchanges. I will go to look in my terminal for EUR USD coincides or not at least the closing price on the chart on this site.
What the hell is the FOREX is the over-the-counter market. In other words, there is no single marketplace. If you do some digging in the Internet, here is a simple and clear explanation of where it is coming from
Generating Forex quotes
The main source of pricing in the Forex market is the banks. Because this market is an inter-bank market.
Bank quotes. Most banks quote the rates at which it is convenient to transact. These rates are communicated to those with whom the organization can cooperate or open a single transaction:
Quoting currencies takes place through the use of technology - from a computer and a terminal in it to simple telephones that provide information. This type of quoting is called indicative quoting. The bank is not obliged to provide the quoted price to the exact penny - it can raise or lower the value of the currency due to various factors
The assigned quotation is then forwarded to specialist transmission systems. These can be Bloomberg, Reuters, DBC, Tenfor and others like them.
The information systems, in their turn, transmit the quotes to everyone else - traders, clients and banks as well. The indicative nature of quotes means that their value has not necessarily already been applied somewhere - they are just parameters set by the bank. It is quite possible that at the time the price entered the information system, there were no trades in it yet. There may be an opposite situation - when transactions for a quote were performed, but this value did not appear in information systems.
Dealing centres are also on the client list of such systems, and transmit the values to their own clients.
So, we compare the market (real-time) quote values with the values in the broker's terminal:
Closing bar parameters 21.04.2017 23:00:00 (real-time quotes website)
Open price 1.07031
Maximum 1.07308
Minimum 1.06987
Close price 1.07246
Closing bar parameters 21.04.2017 23:00:00 (broker terminal)
Open price 1.07026 (5 pips difference)
Maximum 1.07303 (5 pip difference)
Minimum 1.06983 (difference 4 pip)
Close price 1.07248 (difference of 2 pips)
Now let's compare the market (real-time) quote values with the values in the broker's terminal for the closing bar on 21.04.2017 19:00:00
(Real-time quotes website)
Open price 1.06936
Maximum 1.06954
Minimum 1.06822
Close price 1.06924
Closing bar parameters 21.04.2017 19:00:00 (broker terminal)
Open price 1.06933 (3 pips difference)
Maximum 1.06950 (difference 4 pip)
Minimum 1.06818 (difference 4 pip)
Close price 1.06920 (difference in 4 pips)
How can we explain the difference in bar parameters? 2 to 5 pips - is it a spread that has already been embedded in the terminal? If yes, then we have no claims to the broker for this currency pair, but it is more important to verify the interim quotes values inside the bar for loss trades to make sure that at the time of closing the position the real-time price indicated by the broker in the terminal and provoking the closing of the position really existed. As far as I understand, you can use minute bars and look for the value at that minute on the real-time chart.
Why should I believe the website that their real-time chart is real-time and supplies users with market quotes?
The ruble chart remains unclear. The terminal and MICEX quotes differ significantly.
What the hell are the exchanges, FOREX is an off-exchange market. That is, there is no single platform. If you look around in the Internet, here's a simple and clear explanation of where everything comes from
Generating Forex quotes
The main source of pricing in the Forex market is the banks. Because this market is an inter-bank market.
Bank quotes. Most banks quote the rates at which it is convenient to transact. These rates are communicated to those with whom the organization can cooperate or open a single transaction:
Quoting currencies takes place through the use of technology - from a computer and a terminal in it to simple telephones that provide information. This type of quoting is called indicative quoting. The bank is not obliged to provide the quoted price to the exact penny - it can raise or lower the value of the currency due to various factors
The assigned quotation is then forwarded to specialist transmission systems. These can be Bloomberg, Reuters, DBC, Tenfor and others like them.
The information systems, in their turn, transmit the quotes to everyone else - traders, clients and banks as well. The indicative nature of quotes means that their value has not necessarily already been applied somewhere - they are just parameters set by the bank. It is quite possible that at the time the price entered the information system, there were no trades in it yet. There may be an opposite situation - when transactions for a quote were performed, but this value did not appear in information systems.
Dealing centres are also on the client list of such systems, and transmit the values to their own clients.
Why do they want to convince me that the broker determines the quotation by the last conducted transaction with the price from the broker's market? Or this marketplace is not of the broker, but of the information system, which states the availability of bids from existing buyers and sellers at their specified prices? Then I understand what kind of a marketplace it is. And I am not interested in the market market stack from the users of this broker's terminal, I am interested in the general state of affairs on the market for trading.
I like your explanation, I am just asking how can I check if the broker sends correct ECN quotes to my terminal and not fakes them? Is there some kind of access channel to the ECN information system? It is exactly what is necessary for traders who do not want to be fooled. Simply put - what to watch?)))