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 KAKO FUNKCIONISU BROKERI NA FOREXU??

Ići dole 
AutorPoruka
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeSre Dec 16, 2009 2:02 pm

Ovde cu malo pisati o brokerima.Ne imenima vec kako funcionisu.Ko su Electronic Communications Networks (ECNs) a ko Market Makers.Ko je u stvari nas prijatelj a ko neprijatelj?.Da li brokeri uopste prosledjuju nase ordere na trziste?Da li mi uopste uticemo na trziste?Sta je to SL (Stop loss) HUNT?

Mislim da cu vecinu stvari kopirati kao tekst da ne bi stavljao linkove jer bi bila reklama( tema je zaista velika i mnogo bih morao da pisem a ovako mi lakse).Sta cu kad sam lenj :sleep:

Sve ovo bi trebalo da vam pomogne prilikom odabira brokera pre nego krenete u tu pustolovinu koja ce vam ulepsati zivot.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeSre Dec 16, 2009 2:09 pm

Structure of the Forex Market




The forex is unique among financial markets in a number of ways. One of these is that it was not traditionally used as an investment vehicle. It had, and still maintains to some extent, a somewhat more utilitarian purpose. In today’s globalized economy, most businesses have some international exposure, creating the need to exchange one currency for another in order to complete transactions. For example, Honda builds its cars in Japan and exports them to the United States, where an eager American buyer exchanges his dollars for a brand new Honda. Some of this money has to make its way back to Japan to pay the factory workers that built the car, but first those dollars have to be exchanged for Japanese yen, since that is the currency the Japanese factory workers are paid in. Transactions such as this are facilitated by international banks and are done through a mechanism known as the foreign exchange market, or forex. Since banks are used to facilitate these cross-border transactions, they naturally want to be paid for their services. This payment comes in the form of a bid/ask spread – offering to buy the desired currency at a slightly lower price than they are willing to sell it at, and pocketing the difference. Considering the fact that more than $3bn moves through the forex market daily, these seemingly small fees can add up to a significant sum.

Since the 1970’s most of the world’s major currencies have been on a (mostly) free-floating exchange mechanism, allowing for exchange rates to be determined by market forces, that is, supply and demand. I say “mostly” because there have been times when major central banks have intervened in the market to manipulate exchange rates by either buying or selling large amounts of their currency, but normally this only takes place in extreme situations. There are also other central banks that choose to manage their currencies much more strictly, but these are a minority in the developed world. So in most cases, this free-floating exchange rate mechanism allowed currencies to fluctuate against one another much more, and this in turn opened the door to speculation on the future movement of exchange rates. The banks’ intimate knowledge of the forex market, and their high level of capitalization allowed them to be the first to speculate in the forex market, and to significantly increase their profits by doing so. An unfortunate consequence of this speculation however was that liquidity at certain times became scarce, and some necessary transactions could not be completed. In order to solve this problem, banks turned to expanding the number of participants in the market to include non-banks, thereby generating sufficient order flow (liquidity distribution) to complete clients’ transactions, and also to profit from these newer and less knowledgeable market participants. These less experienced forex market participants first included large funds (such as the legendary Quantum Fund), but nowadays also include your local retail forex dealer.

Another unique feature of the forex market is that it is an over-the-counter (OTC) market, meaning that there is no central exchange (like a stock exchange) where transactions take place. Instead, top-tier transactions are made in the “interbank market”, which is a collection of the world’s largest money center banks, all free to trade currencies amongst each other at whatever rate they can agree on. Of course, it may be difficult to find your way around such a maze, so the brilliant minds at the leading banks developed the Electronic Broking System (EBS) to enable participants to easily see at what rates all the other participants are willing to deal at. A competing system was also developed by Reuters (D2). Today, one is preferred over the other mostly on the basis of which currency pair you want to trade, with EBS used mostly for EUR/USD, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF, and Reuters D2 used for all other currency pairs. In 2006, EBS was acquired by ICAP. It should be noted that while these services provide a centralized structure for pricing information, they DO NOT constitute a centralized exchange. The forex is still very much an OTC market.

The 2nd tier of the market is made up of smaller bits of larger multinational institutions. This is when, for example, a bank branch in the US deals with another branch of the same bank in, say, Japan. So when you walk into your local branch and want to exchange currency, they will give you a quote which is not exactly representative of the interbank exchange rate. You are free to shop around for a better quote, and you would often be wise to do so, as rates can vary significantly from one bank to another.

Most retail forex brokers are a part of the 3rd tier, as they often deal with only a single 2nd tier liquidity provider. This is not always the case, as some retail brokers offer direct access to multiple liquidity providers, and are therefore themselves a part of the 2nd tier. This is particularly true of Electronic Communication Networks (ECNs), who normally route retail traders’ orders directly to the interbank market. For more information about how these differences affect retail traders, please read our article on How Forex Brokers Work.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeSre Dec 16, 2009 2:10 pm

How Forex Brokers Work




Like any other business in the history of business, your broker’s raison d’etre, is to make as big a profit as possible. There are about as many ways to go about this as there are brokers. For those who are in it for the long haul, however, it is generally best to adopt a set of practices which are deemed fair by their clients: certain boundaries are set, and operating beyond them can cost a brokerage its reputation, and along with it its clients. Straying outside these boundaries, therefore, is not considered as being in line with the long term goals of the business. How strictly these boundaries are enforced, especially when there is little chance of clients ever even becoming aware of any transgression, again varies from business to business. For the sake of simplicity, in this article we assume that everyone in the business is squeaky clean, as if every client could peek into the broker’s back office at any time and dissect every trade. This is obviously not the case, and many brokers do take advantage of this opaqueness, but the details of that are best left for another discussion.

So without further ado, let’s get into the details of how forex brokers function. Somewhat removed from the top-tier interbank market, retail forex brokers are there to provide a service that would otherwise not be available, that is, giving an investor with a $10,000 bankroll the chance to speculate in the up-until-recently very exclusive forex market. There are generally considered to be 2 types of brokers providing access at the retail level: Electronic Communications Networks (ECNs) and Market Makers. ECNs are generally somewhat more exclusive, requiring larger deposits to get started, but are seen as providing more direct access to the interbank market. As we will see, there are certainly advantages to this, but some disadvantages as well. Market makers, on the other hand are more often than not, the counter party to their clients’ trades, creating somewhat of a conflict of interest, whereas ECNs profit from commission fees charged directly to the clients, regardless of the result of any trade, they are seen as being completely impartial – an ECN has no incentive for a client to lose money. In fact, one could argue that an ECN stands to profit more if a client is successful, meaning that s/he will stay around longer and they will be able to collect more commission fees from them. A market maker, on the other hand, being the counterparty to a client’s trade, makes money if the client loses money, providing an incentive for some shady practices, particularly in an unregulated market. The extent to which this happens varies among individual brokers. There are also some benefits to trading with a market maker (see our ECNs vs. Market Makers article) Some brokers also provide a service that doesn’t quite fit into either category – they route different orders differently, depending on complex algorithms, or on a dealing desk, that analyze each order and attempt to fill it in the way that will be most beneficial to the broker’s bottom line. They can offset some client orders against one another, effectively creating an in-house market, they can choose to be the counterparty to a client’s trade (trade “against” the client), or they can offset their position with a hedge through a higher-tier counterparty. Note that the market maker is mainly concerned with managing its net exposure, and NOT with any single individual’s trades. They are NOT gunning for your stop losses specifically, but may be gunning for clusters of stops.

If you have already read the first article in the series, Structure of the Forex Market, you will recall that market mechanics are responsible for the variation in bid/ask spreads, and also for slippage. So it seems the two biggest novice traders’ pet peeves are not so much a function of who their broker is, but rather their lack of understanding of the way the forex market operates. A broker that offers a fixed spread tends not to fill orders during periods of low liquidity because this would expose them to undue risk, and as much as their job is to cater to their clients, remember they are in business primarily to make money for themselves. Some brokers also offer guaranteed order fills, such as “guaranteed stop losses”. Again, if there is no counter party to take the trade, they have to expose themselves to risk in order to fulfill this guarantee, so don’t be surprised if you see such a broker quoting different/delayed prices around important trend lines or support/resistance levels. Be especially aware of brokers who offer both guaranteed fills AND fixed spreads. When a broker offers something that seems too good to be true, you would be wise to question how exactly their business model is able to support such a risky practice. As a general rule, a broker will help you only when your interests are aligned with theirs. On the other hand, brokers provide a very valuable service, without which you wouldn’t have the opportunity to profit from the forex market, so please think about how it all comes together before blaming your broker for everything.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeSre Dec 16, 2009 2:19 pm

FCM

Futures Commission Merchant. An individual or organisation licensed by the U.S. Commodities Futures Trading Commission (CFTC) to deal in futures products and accept monies from clients to trade them.

Dealing Desk

A dealing desk provides pricing, liquidity and execution of trades.

Market Maker

A market maker provides pricing and liquidity for a particular currency pair and stands ready to buy or sell that currency at the quoted price. A market maker takes the opposite side of your trade and has the option of either holding that position or partially or fully offsetting it with other market participants, managing their aggregate exposure to their clients. If a market maker chooses to keep the trader's position without offsetting it in the market, the trader's profit is the market maker's loss and vice versa, leading to a possible conflict of interest between the trader and his market maker. A market maker earns their commission from the spread between the bid and offer price.

NDD

An acronym for 'No Dealing Desk'. A no-dealing desk broker does not have a dealing desk but instead uses external liquidity providers to provide pricing and liquidity for its clients. The liquidity providers send in competing bids and offers into the platform, resulting in the best bid and offer being displayed to the client. Some no-dealing desk brokers may display the market depth which is the amount of liquidity available at each price. A greater number of liquidity providers providing pricing to the no-dealing desk broker leads to tighter spreads. A no-dealing desk broker may increase the spread to earn its commission.

Forex ECN Broker

ECN is an acronym for Electronic Communications Network. A Forex ECN broker does not have a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter in competing bids and offers into the platform and have their trades filled by multiple liquidity providers in an anonymous trading environment. The trades are done in the name of your ECN broker, thereby providing you with complete anonymity. A trader might have their buy order filled by liquidity provider "A", and close the same order against liquidity provider "B", or have their trade matched internally by the bid or offer of another trader. The best bid and offer is displayed to the trader along with the market depth which is the combined volume available at each price. A greater number of marketplace participants providing pricing to the ECN broker leads to tighter spreads. ECN's typically charge a small fee for matching trades between their clients and liquidity providers.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeNed Jan 17, 2010 12:58 am

Kako izabrati brokera i sta tarziti od njih?Opet dacu kopiju teksta sa drugog sajta.tekst je odlican a izvor je jako dobar.Opet necu pisati link da ga ne bi reklamirao jer je komercijalni sajt definitivno.Ako nekog bude vise interesovalo koji je naci ce me vec nekao na MSN ili skypu.Sledi tekst

Various dealers do have significant differences, and you need to understand these in order to pick a preferred dealer. In this section, we will discuss the internal characteristics as well as well as the external benefits you should look for in choosing a dealer.

Looking Under a Dealer’s Hood — Internal Qualities

1. Regulation

The forex market is nearly unregulated, and this means that there are plenty of small “bucket shops” out there soliciting business. Recently, there have been some changes to regulations in the U.S. and Australia that have cleaned up the dealer market somewhat. This is helping good dealers stand out from bad ones.

Dealers usually have to register with some regulatory agency or association. You can find out a lot of information about them—including principles’ names, history, disciplinary problems and complaints by checking out the regulatory agency’s website. Below is a list the best places to look for that information. If your dealer does not appear in any system, that is a big red flag. If you don’t know where, or if, a dealer is registered, call them and find out.

- U.S.—The National Futures Association (NFA) BASIC system website

- U.K.—The Financial Services Authority (FSA) website

- Australia—The Australian Securities & Investments Commission (ASIC) website

2. Capitalization

As a registered financial service provider, a dealer is required to maintain a minimum level of capitalization, or money in reserve. This has a direct impact on their ability to remain solvent and is a good indication of the size of the company and its ability to remain in business.
Net capitalization requirements for forex dealers in the U.S. just went up to $5,000,000, which has been a good way to clean out some of the seedier operations. You can find out what your dealer’s capitalization levels are on the Commodity Futures Trading Commission (CFTC) website.

If a dealer can’t meet minimum requirements or keeps their capitalization private, you should worry about their ability to remain solvent in adverse market conditions.

3. Service

The most common complaint I get from traders about their dealer’s service is that dealers are abrupt and rude, or that they can’t answer difficult questions. Investigate a dealer’s service and dealing or execution departments. You can do this by doing some research and calling the service department at different times of the day with difficult questions. Make sure that you opt for the dealing desk or execution department a few times to get a feel for how they treat you. You can learn a lot about a dealer by calling them a few times.

Judging a Book by its Cover — External Qualities

All dealers are not created equal. Dealer product lines differ in two main areas:


Pairs Offered: Some dealers offer close to 100 different crosses, which can be great for fundamental or strategy traders.



Product Offerings: Some dealers offer futures, commodities and options as well as spot forex. We are big advocates of using options in your forex activities so this may be an important factor for you as well.



Spread and roll-over

The spread between bid and ask prices on the majors tends to be relatively uniform across most major dealers. The largest differences exist in the crosses. Be aware that most dealers offer one of the following two spread models:



Fixed spread: A fixed spread means that you always pay the same spread, regardless of market conditions.



Variable spread: A variable spread is narrower on average than a fixes spread, often one pip or less on the majors but can become very wide during periods of market volatility. Very short-term traders may lose a trade because the spread widened rather than the market price actually reaching their stop limit.



For more fundamental or longer term traders, the spread is less of an issue so competitive spreads are usually sufficient.



Rollover: Rollover, interest payments and the “tomorrow-next policy” are all terms for the interest charge/payment offered by dealers on individual pairs. There is an entire lesson in this book on this subject because it is so important. Call the dealer about its policy and whether higher payment rates and lower charges are available with lower margin levels, higher balances or just upon request.



Charting and execution platform



Dealing platforms fall into two basic categories.


Execution-based platforms: These platforms are oriented around speed of order entry and execution. You will often see this advertised as “one click trading.” This is great for scalpers and day traders. These kinds of dealers make executing an order very fast and specialize in simple trading interfaces.



Information-based platforms: These platforms place a much heavier emphasis on charting and research technology. Some of the benefits of the second type of dealer are as follows:



- Customizable charting and system development
- Display of positions, orders and P/L on the charts
- Mechanical system execution
- Chart pattern search and identification
- Institutional grade news feed and analysis



Making your pick: Tips for choosing a dealer



1. Don’t pick one dealer—pick a few

We think you should avoid constraining yourself to one dealer. Picking a dealer isn’t a marriage so feel free to shop around and trade with dealers that suit each strategy you use in your portfolio. This is also a great way to add some diversification to your trading. While it is rare for a big broker or dealer to go out of business, it has happened. When it does, the results are catastrophic for traders with all their “eggs” in one basket. Many forex traders, interested in options may have to split their account between an options broker and a forex dealer anyway.



2. Prioritize qualities based on what is important to you

You cannot compromise on the internal qualities we listed above, but the external qualities depend on what you want and need as a trader. Long-term traders may value a higher quality news feed and charting research tool than a short-term trader or scalper. Many dealers will say they are a one-size-fits-all solution, but we have not found this to be true.



3. Paper trade

Paper trading is not just for new traders. Paper trading a dealer’s application is a critical step before making a decision. Almost all dealers will allow you to set up a paper account to really test the technology and service levels. Spend the time to get to know an application before you make a decision. Too many traders are impressed with surface features in a day or two of paper trading and then make a bad decision.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeNed Jan 17, 2010 2:07 am

Jos teksta o brokerima i kako rade.

Your Best Choice for a Forex Broker


with borrowed money. When they went bankrupt and took all my trading capital, and it took me a long time to recover. I don't want you to ever experience what I did so I have written this section just for you.

The first thing that I look for in a forex broker is that the have adequate capitalization. In the links section of this website is a government report that states the capitalization of the various forex brokers. They must have a minimum of $5 million dollars of net operating capital. I'm cautious so I prefer to see twice that.

The next thing I look for is to see if the broker operates a trading desk or if the are a direct dealer or ECN. Why does this matter? Many traders feel that traders with trading desks trade against them. Though it doesn't make sense that a broker has the financial power to move the market, they do see the order flow and have some control over their individual price feed. I have spoken to some of these brokers. One told me that it only makes sense to take the opposite side of the trade from their clients because most forex traders lose. It makes sense, until you really think about it. If you are a forex broker, why would you want to take your clients money. You want your clients to be successful so they can keep trading at your firm. Granted, they are going to lose it anyway. But taking your clients money shouldn't be your motivation for going into the brokerage business.

I spoke with another broker that has a trading desk. This broker claimed not to trade against its clients. They told me about the Random Walk Theory. The Random Walk Theory says that at any given time about 50% of traders are long and 50% of traders are short. This broker says that they have observed that it often works out to about 55% of the traders are right about the direction and the other 45% are wrong. Their exposure is the 10% difference between the two. They try to cover their exposure
This should come under the heading "fool me once shame on you, fool me twice shame on me". I am very cautious when choosing a forex broker and for good cause. I had a rather large trading account at a rather large forex broker that went bankrupt and I lost my entire trading account because of that. The broker that bought their assets didn't do the right thing in my opinion to make things right. It was early in my trading career and I was foolish and started my account
by laying off trades to try to maintain the balance. I felt a lot better about this broker, especially considering that I had a lot of personal contact with their head of research and saw the extent that they went to furnish their clients with the best analysis possible to help them make correct trading decisions.

As far as I was concerned, this second broker got it. Even though they had a trading desk, they had their clients interest in mind whereas the first broker just didn't get it.

Some brokers with dealing desks get your order then insert their order before yours to balance the accounts which is not exactly in your favor as it delays the execution of your order which may result in a less than advantageous fill price.

There are other brokers that are direct dealers and ECN's. An ECN or electronic communication network and other direct dealers allow traders to place orders through "Straight Through Processing" to various banks without the intervention of a trading desk. This type of order execution is known for its no re-quoting and no price manipulation.

All things being equal, I would pick an ECN over a broker with a trading desk. But when are things ever equal. For instance, I would have no problem doing business with the second broker with the dealing desk that I mentioned above because they have impressed me as being for their clients' success. They are a foreign broker that has put together an excellent research department so they can provide their own market analysis for their clients.

Speaking of this, I look at a brokers' research department. Do they have their own research department or do they contract out the research and analysis they provide to their clients. How good is the analysis they provide?

How does the broker handle news? Do they widen their spreads? If they do, for how long do they widen their spreads. If it is longer than 30 seconds after the news, they may be taking advantage of the situation to pocket the larger spreads as the liquidity providers usually only widen the spreads for about 30 seconds or so after the biggest news items like NFP or interest rate announcements.

Once upon a time, forex brokers used to honor their clients, stops, limits and entry orders. They also offerred no slippage on market orders. All this is a thing of the past except for one forex broker. That is the forex broker that I use and recommend for you to use.

Forex brokers also tell their clients that in event of a margin call, their accounts will be liquidated. Orally, they often tell the clients that they have never chased down a client for a negative balance and that they shouldn't worry about it. That may or may not be true. The paperwork that most Forex Brokers make their clients sign says they can chase you down for margin calls and negative balances in your account.

I look at the forex broker's trade station. The trade station must be easy to use and aesthetically pleasing. I must be able to place market orders with one click and set OCO orders for my stops and limits. (OCO means one order cancels the other meaning if the limit order is executed then the stop order is cancelled.) I must be able to limit entries as well and attach OCO's to them as well. My trade system (and the one I will be showing you in the advanced trading) is a set it and forget it system so I want my limits to take me out of the trade.

I would like the platform to come with a good charting package. It is very important to me to have a good set of charts. This part is so important that I devote an entire page of this website to what I am looking for in a charting package. See the menu for the Forex Charts section of this site or click here.

In an ideal world, I would like to do business with a broker that resides in a stable economic climate. If you have read my special reports, you know how upset I am about what is happening in America these days. A business can not help but be affected by the overall economy of the country in which it resides. Choosing a forex broker from a country that is heavily regulated and has a more stable economy makes a lot of sense to me.

One of the main reasons that people fail in the business of trading is money management. In particular, they are undercapitalized for the size of the trades they execute. Forex brokers offer two different types of accounts - standard accounts and mini-accounts. Some evern offer micro-accounts. If you are starting your account with over $10,000 then it is okay to open a standard account but any less than that and you should open a mini-account. With a standard account, you can trade $100,000 lots and each pip is worth approximately $10. In a mini-account, each mini-lot is worth $10,000 and as a result each pip is worth approximately $1 depending on the currencies traded. In a mini-account, you can trade multiple lots depending upon your strategy which can equal in size standard lots. The difference is that you have the flexibility to trade fractions of a standard lot. Mini-lots allow traders to better utilize good money management so they won't have to over-trade their accounts.
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeNed Jan 17, 2010 2:14 am

Evo jos.Na kraju teksta je i link jer je sajt totalno nekomercijalan.radi se o INVESTOPEDIA sajtu.Stvarno ima ugled i definitivno nije pod uticajem nikoga.
Sajt mu dodje ka wikipedija samo se odnosi na posao i investicije.Trazite tamo ima i indikatora.U tekstu se objasnjava kako cak fiksni spread i nije prednost.A vecina brokera vam to nudi kao prednost koja moram reci u pocetku stvarno tako i izgleda(dok ne udjete malo u pricu dublje.)

Choosing a Forex Broker
As a trader, you should always consider the total package when deciding on a broker, in addition to the type of spreads the broker offers. For example, some brokers may offer excellent spreads but their platforms may not have all the bells and whistles that are offered by competitors. When choosing a brokerage firm, you should check out the following:
How well capitalized is the firm?
How long has it been in business?
Who manages the firm and how much experience does this person have?
Which and how many banks does the firm have relationships with?
How much volume does it transact each month?
What are its liquidity guarantees in terms of order size?
What is its margin policy?
What is its rollover policy in case you want to hold your positions overnight?
Does the firm pass through the positive carry, if there is one?
Does the firm add a spread to the rollover interest rates?
What kind of platform does it offer?
Does it have multiple order types, such as "order cancels order" or "order sends order"?
Does it guarantee to execute your stop losses at the order price?
Does the firm have a dealing desk?
What do you do if your internet connection is lost and you have an open position?
Does the firm provide all the back-end office functions, such as P&L, in real time?
Conclusion
Even though you might think you are getting a deal when paying a variable spread, you may be sacrificing other benefits. But one thing is certain: As a trader you always pay the spread and your broker always earns the spread. To get the best deal possible, choose a reputable broker who is well capitalized and has strong relationships with the large foreign exchange banks. Examine the spreads on the most popular currencies. Very often, they will be as little as 1.5 pips. If this is the case, a variable spread may work out to be cheaper than a fixed spread. Some brokers even offer you the choice of either a fixed spread or a variable one. In the end, the cheapest way to trade is with a very reputable market maker who can provide the liquidity you need to trade well.

http://www.investopedia.com/articles/forex/08/forex-commission-spread.asp
Nazad na vrh Ići dole
Plesac
Still learning
Still learning
Plesac


Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeNed Jan 17, 2010 2:19 am

Ponovo tekst.i ponovo ista prica

How to Choose the Right Forex Broker: a comparative look at Currency Brokers and Their Trading Platforms

here are many forex brokers on the internet today and choosing the right one is a very important decision and therefore requires due diligence before starting out trading. Here are some tips to help in selecting the right forex broker.

Licensing and Regulation

This is the most important point to look out for when choosing a forex broker. Make sure that the forex broker is registered with either the National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) for U.S.-based forex brokers or with the Financial Service Authority (FSA) for forex brokers based in the United Kingdom.

Check the NFA's website at http://www.nfa.futures.org/basicnet/ and FSA website at http://www.fsa.gov.uk/register/firm/mainsearch.do for registered UK forex brokers.

Customer support services

A good broker should provide very efficient and timely customer support services. Look at for forex brokers with local offices, specified account managers, 24-hour helpline facility (especially if you are new) etc.

Look out for protection plans

Trading forex online has a number of risks involved including possible loss of money. Make sure to check for brokers’ protection plans against bankruptcy and other legal issues
Trading Platform

A good broker should have a good trading platform that provides a trader all he needs to make for proper trading. A good platform should have called demo account to allow a new trader test and master the platform, real time charts, real time news feeds, economic calendars and market commentary. Look at the key features of each forex broker before deciding which one to choose.

Institutional backing

Good forex brokers are usually tied to large banking institutions because of the large amount of capital required (leverage they need to provide).

Study their reputation

What is the reputation of the brokers with other traders? Look out for other traders and ask questions about their experiences with the forex brokers you are considering. This should be able to guide you in deciding which of the brokers to decide upon.

Fees, Commissions

Investing in forex is about making money. The last thing you need as a trader is high commissions and fees. Look at for the best commissions and fees available from top brokers. There are many offer commission free online trading. Also ensure that all service charges are clearly stated avoid brokers that come up with hidden costs.

Capitalization
licensed brokers are required by regulatory agency to have a certain minimum net capital for their operations. A complete list of U.S. broker capitalization can be found here. Brokers who don’t meet this minimum amount required can be forced to shut down their operations
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Broj poruka : 137
Godina : 50
Localisation : Beograd
Points : 139
Datum upisa : 27.12.2007

KAKO FUNKCIONISU BROKERI NA FOREXU?? Empty
PočaljiNaslov: Re: KAKO FUNKCIONISU BROKERI NA FOREXU??   KAKO FUNKCIONISU BROKERI NA FOREXU?? Icon_minitimeNed Jan 17, 2010 2:22 am

da nedavim puno i trosim prostor sa istim stvarima.

Ukucajte u Google forex brokers capitalization pa citajte dalje i sami.Nacicete tamo tabele firmi i njihovu kapitalizaciju.Ako je nema na spisku onda ko zna sta rade.

koliko mi drago sto sam sve ovo shavtio sam,krivo mi sto nisam ovako googlao kad sam pocinjao.ne bi izgubio one 3000 i nebi imao pogresnog brokera.ali sta je tu je.nadam se da necete vi isto proci.
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