Live traders
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Live traders
Customers and agency partners click here to see our update regarding the current CORONAVIRUS outbreak
Your local auto insurance
Flexible pay plans
Claims with integrity
Agents
We are proud of our partnerships with independent insurance agents!
Careers
Make an impact and
grow with us!
Insurance
We offer AUTO and
RENTERS insurance.
Agents
We are proud of our partnerships with independent insurance agents!
Careers
Make an impact and
grow with us!
Insurance
We offer AUTO and
RENTERS insurance.
Here’s what people are saying
The customer service I received was unusually personal and thorough. She went the extra mile to save me money and help me understand details of my policy. I have found traders to be very fairly priced for my auto insurance. Thanks again
Traders customer service has exceeded our expectations. The application process has been simplified. Rates have continued to be competitive. Management has been very responsive to concerns and ideas. I would highly recommend marketing traders product.
A good culture has been created that allows for a collaborative and fun work environment. There is a lot of independence, but support is offered when needed. You have the opportunity to provide input into meaningful decisions that directly affect the company.
The rep provided me with great service today. She was friendly and provided me with all of the information I needed.
Live traders review (jared & anmol)
Live traders is a trading education firm that claim their “students have made over $3000 per week, part time.” this vendor offers multiple trading courses, and a live trading room, so there is an option for every style of trader. Today we will be providing a complete review and letting you know if their forex services are meeting the expectations of the community.
Launched in 2015, the firm is run by jared wesley and anmol singh. Their goal is to built a trading community of traders, for traders. They feel that honesty is key, so if they win or lose $1000 in a day, they will be transparent about that in their trading room. Jared, the owner claims to have more than 14 years of experience in the markets, with a real understanding of technical trading aspects.
There is no address provided for their head offices, but they do offer phone support and a free consultation at 800-947-4027. Traders can also email for additional information at info@livetraders.Com.
Live traders review
The live traders website is very professional at first glance. They have a trader education section, live trading room, newsletter, testimonials, trading lingo and an about us page. The vendor provides more information than most of their competitors which is a good first impression.
They believe that there are three reasons why forex trading is growing rapidly worldwide. These are those reasons:
- Traders can access the markets anywhere at any time.
- Time restraints aren’t an issue as traders can make full time pay on part time hours.
- There are always opportunities to win, whether the economy is good or bad.
The group believes that the forex market is ripe for the taking, and we agree, as long as the trader has the right tools.
Forex pip mastery course
The forex pip mastery course is the main live traders forex course. The course goes for $697 and covers a handful of different topics. Although, it is worth noting here that the vendor provides very little information about the course, and doesn’t show us any examples. Considering how detailed the majority of the website is, it’s quite surprising that this section is lacking insight.
All we know about the course is that it covers risk management, day trading strategies, swing trading strategies, essential trading rules, fundamental analysis, core indicators, and platform tutorials.
At $697 we expect a much more detailed analysis of the course, with videos and examples. It’s simply too much money to dive into relatively blind and it’s priced much higher than most of their competitors, as shown in our recent reviews of FX scalpers scalping academy and thatfxtrader.
Live trading room
While the trading course was a bit disappointing, the main live traders offering appears to be their live trading room. Access to the forex trading room and signals goes for $97/month, and there is an option for a free trial as well.
The trading room focuses on providing real trades that have entries, stops and targets. They even provide a daily routine starting at 9AM EST. The routine starts with a morning market review and a list of favorite opportunities. Then, the market opens and the analysts look at their favorite opportunities and start placing trades. Next, they trade secondary setups, and manage open positions. This continues to noon, and then at this time the room is open for “members to chat, share ideas and interact.”
The concept is excellent, and really inline with what we feel most new traders need when they are just starting out. Though, the vendor doesn’t show us any examples or videos of the live trading room, which we really would like to see before signing up.
Trading results
The live traders group does provide signals and trade opportunities every day through their live trading room. However, they do not provide any verified trading results on myfxbook or any other platform. If they want to qualify for best forex signal status, they will have to provide a bit more transparency in this way.
The majority of signal providers in the forex market do provide some sort of trading result, whether it is verified or not. This group does not provide any at this time.
Conclusion
We find that the live traders offer is very professional, and showing a lot of promise. Though, there is still a fair amount missing. Neither of the products we are interested in come with any examples, and there are no verified trading results. It would be nice to see their track record before signing up.
If you have anything you would like to add to the review, please leave your comments below.
We monitor the forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities.
Trading signals and market analysis performed for these currency pairs: EUR / USD USD / CHF GBP / JPY AUD / USD USD / CAD EUR / JPY GBP / USD USD / JPY
When we identify a trade opportunity, you’ll be alerted to follow our entry point, stop loss and take profit targets.
Follow us on the road, at home or wherever you are. Access our forex signal platform on your phone, tablet or computer.
Receive text alerts (SMS) when it is time to trade or necessary to make adjustments to an active trade.
Try us for a month, if you’re not satisfied you can easily cancel.
FOREX OFFER NOW AVAILABLE
FOREXSIGNAL SUBSCRIPTION
SMS +email alerts includes buy / sell entry point, stop loss and take profit.
Why trade with forexsignal.Com?
- We monitor the forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities.
- Trading signals and market analysis performed for these currency pairs: EURUSD, USDCHF, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY
- When we identify a trade opportunity, you’ll be alerted to your email and phone with a forex signal.
- All signals include entry point, stop loss and take profit targets.
- Access our forex signal platform on your phone, tablet or computer.
*disclaimer: any and all opinions, commentary, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. We are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Foreign exchange market (FX, forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange foreign exchange trading/forex, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk or surplus capital when trading forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
Commodity futures trading commission: futures, options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex/futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy/sell forex/futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. CURRENCY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
Live trading chat room
Watch meir barak, scott malatesta and other top mentors perform live day trading
- Watch meir barak, scott malatesta and other top mentors perform live day trading.
Have a trade idea? Feel free to ask, and receive live feedback from participants in the trading chat room. - Real time data - charts and graphs online live streaming in our trading room.
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“the tradenet team has given me the skills and confidence to start trading for real. Their continued support has helped me generate trading ideas, and to put these ideas into practice. The star trader course has been a great investment in my skills, and has more than paid for itself – since completing it three months ago I am up £5k – most of which has been earned while on holiday in thailand.”
The course has changed my life!
“I understood the day trader training program with the intention of making a bit of extra cash but it has given me so much more. Having been in the army since leaving university my financial knowledge was terrible and my understanding of trading utterly absent. Over the course I developed a keen interest in the markets, an appreciation of tradenet’s simple, well thought out trading system and an understanding of how the consistent application of this can make money. When I started the course I was 7 years into an army career. Next week I start working in a bank. Without doubt the course has changed my life.”
I am really pleased I attended
Jeremy silver | australia
“A tough learning curve for the first three days but I got the hang of it by the end. I am really pleased I attended the course. The work starts now, so just trying to sort everything out and get my head round the mechanics of trading. I am really impressed with the startrader course and the trainers.”
You changed my life forever!
Ron L. Davidson | new zealand
“you changed my life forever! After almost having lost hope as an independent trader, I feel that after having completed the course I am on the right track towards financial independence. I presently trade quietly and independently, without having a boss overseeing every step I make and with the success I never expected to achieve! Following twenty years in the industry, I finally found the field that makes me get up with a smile in the morning. Thank you so much.”
We monitor the forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities.
Trading signals and market analysis performed for these currency pairs: EUR / USD USD / CHF GBP / JPY AUD / USD USD / CAD EUR / JPY GBP / USD USD / JPY
When we identify a trade opportunity, you’ll be alerted to follow our entry point, stop loss and take profit targets.
Follow us on the road, at home or wherever you are. Access our forex signal platform on your phone, tablet or computer.
Receive text alerts (SMS) when it is time to trade or necessary to make adjustments to an active trade.
Try us for a month, if you’re not satisfied you can easily cancel.
FOREX OFFER NOW AVAILABLE
FOREXSIGNAL SUBSCRIPTION
SMS +email alerts includes buy / sell entry point, stop loss and take profit.
Why trade with forexsignal.Com?
- We monitor the forex (FX) market 24 hours a day and identify BUY and SELL trade opportunities.
- Trading signals and market analysis performed for these currency pairs: EURUSD, USDCHF, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY
- When we identify a trade opportunity, you’ll be alerted to your email and phone with a forex signal.
- All signals include entry point, stop loss and take profit targets.
- Access our forex signal platform on your phone, tablet or computer.
*disclaimer: any and all opinions, commentary, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. We are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Foreign exchange market (FX, forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange foreign exchange trading/forex, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk or surplus capital when trading forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
Commodity futures trading commission: futures, options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex/futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to buy/sell forex/futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. CURRENCY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
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Copyright © T3 live LLC. All rights reserved.
Scott redler, daniel darrow, derrick oldensmith, and patrick hawe are associated members of T3 trading group, LLC (“T3TG”), a SEC registered broker-dealer & member of FINRA SIPC. All trades made by scott, daniel, derrick, and patrick are placed through T3TG.
T3 live, LLC is a financial publisher that disseminates information about economic, business, and capital markets issues through various media. T3 live is not a broker-dealer, an investment adviser, or any other type of business subject to regulation by the SEC, CFTC, state securities regulators or any “self-regulatory organization” (such as FINRA). Although T3 live and T3 trading group, LLC are affiliated companies by virtue of common ownership, the companies are managed separately and engage in different businesses.
The programs that T3 live distributes (including the “virtual trading floor,” articles, commentary, videos, blogs and social media postings) are for informational and educational purposes only. No one should consider the information disseminated by T3 live to be personalized investment advice, a recommendation to buy, sell or hold any investment, an offer (or a solicitation of an offer) to buy or sell any investment, or the provision of any other kind of advice that would require T3 live to register as a broker-dealer, investment adviser or similar entity. No one associated with T3 live is authorized to make any representation to the contrary.
T3 live provides information that viewers of its programs may consider in making their own investment decisions. However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, sell or hold any investment. Such decisions must be based on that viewer’s individual and independent evaluation of his or her financial circumstances, investment objectives, risk tolerance, liquidity needs, family commitments and other factors, not in reliance on any information obtained from T3 live.
Statements by any person (whether identified as associated with T3 live, T3 trading group, or any other entity) represent the opinions of that person only and do not necessarily reflect the opinions of T3 live or any other person associated with T3 live.
It is possible that any individual providing information or expressing an opinion on any T3 live program may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual or it may reflect some other consideration. Viewers of T3 live programs should take this into account when evaluating the information provided or the opinion being expressed.
Although T3 live strives to provide accurate and reliable information from sources that it believes to be reliable, T3 live makes no guarantees as to the accuracy, completeness, timeliness, or correctness of any such information. T3 live makes no guarantee or promise of any kind, express or implied, that anyone will profit from or avoid losses from using information disseminated through T3 live.
All investments are subject to risk of loss, which you should consider in making any investment decisions. Viewers of T3 live programs should consult with their financial advisors, attorneys, accountants or other qualified professionals prior to making any investment decision.
The risk of loss in trading options can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in options trading may benefit you as well as conversely lead to large losses beyond your initial investment. Past results are not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown.
Live traders
Customers and agency partners click here to see our update regarding the current CORONAVIRUS outbreak
Your local auto insurance
Flexible pay plans
Claims with integrity
Agents
We are proud of our partnerships with independent insurance agents!
Careers
Make an impact and
grow with us!
Insurance
We offer AUTO and
RENTERS insurance.
Agents
We are proud of our partnerships with independent insurance agents!
Careers
Make an impact and
grow with us!
Insurance
We offer AUTO and
RENTERS insurance.
Here’s what people are saying
The customer service I received was unusually personal and thorough. She went the extra mile to save me money and help me understand details of my policy. I have found traders to be very fairly priced for my auto insurance. Thanks again
Traders customer service has exceeded our expectations. The application process has been simplified. Rates have continued to be competitive. Management has been very responsive to concerns and ideas. I would highly recommend marketing traders product.
A good culture has been created that allows for a collaborative and fun work environment. There is a lot of independence, but support is offered when needed. You have the opportunity to provide input into meaningful decisions that directly affect the company.
The rep provided me with great service today. She was friendly and provided me with all of the information I needed.
Forex live trading
Live forex trading is usually short-term trading, based on real-time charts and quick execution. Forex live trading accounts make use of special trading platforms, which support this type of trading activity. Live trading webinars or forums also represent a great learning tool. Most live currency trading decisions stem from technical analysis. Read on to find out more…
Traders can use real-time charts and technical analysis to place long-term trades as well. In this case, however, tracking by-the-second changes in price offers no advantage.
We are taking a closer look at real-time forex trading and its peculiarities. We cover different aspects of the practice, such as:
- Live forex trading brokers and accounts.
- Live trading services.
- Live prices, quotes, and charts.
- Trading videos.
Live forex brokers
Trading forex ‘live’
Live forex brokers are service providers that act as intermediaries between retail traders and the forex markets.
They make it possible for traders to access the markets. A live forex broker features real-time charts and extremely fast electronic execution. This way, it lets traders react to price movements in real-time.
Most forex brokers generate revenue through the bid/ask spread. They may also charge commissions. Some brokers have adopted unique, creative ways to “turn a buck” off their services.
Accounts
To access the services of a forex broker, you need to create a forex account. Brokers offer several types of trading accounts .
Of these, the demo account is the quickest and simplest to open. You may only need to provide an email address to get such an account going.
Real money accounts, on the other hand, require a lot of paperwork. Some brokers will want to know your financial situation, your revenue sources and other such sensitive bits of personal information.
You have to make sure that you open the right kind of forex trading account with the right broker.
Real-time forex trading is electronic. Given the need for real-time price information and near-instant execution, it cannot be of any other kind.
In addition to being an online operation, your real-time forex broker cannot be a market maker. Some brokerages engage in market making. There is not much point in trying to trade live with such a broker.
Live traders need real-time charts. What you need to know in this respect is that different brokers have different liquidity providers.
Depending on these liquidity providers, there may be slight differences in the real-time prices the brokers use.
Platforms
Forex trading platforms, such as metaquotes’ popular MT4, let traders place trades. Most such platforms offer live charts.
Some of these platforms even allow traders to open positions directly from the chart. In regards to the platform, you have to understand that it is a mere interface.
It does not define the offer of your broker. It does, however, define how you can interact with the markets.
What can you expect from your live forex platform?
All forex trading platforms feature charting these days. You need live charting.
Make sure your broker does indeed feature live prices. Understand that the pricing of your broker depends on its liquidity providers to some degree.
They also offer a selection of technical indicators and trading tools.
Most platforms also provide live news-streams. Through this feature, you can handle the fundamental part of your analysis.
Forex trading platforms support several order types. As a live trader, you need to understand how limit orders and stop orders work, among others.
A proper trading platform comes with a reporting function. You will need to use this for tax purposes. Some platforms report transactions erratically, while others produce high-quality reports.
Demo accounts
Demo accounts let you trade for virtual money.
Not all brokers support such accounts, but the majority of them do.
Most forex trading platforms are free to download and use. There are some exceptions in this regard.
As an online forex trader, however, you will probably only deal with free platforms.
As a live trader, you have to resort to a demo account first. You need to acquaint yourself with the ins and outs of the platform.
You should place around 50 demo trades before you move on to real money trading. Experienced traders should go through these demo paces as well.
Only skilled traders should trade in real-time. How do you know whether you possess the minimum required skills? Ask yourself these questions:
- Do you know what a limit order, a stop order and a market order are?
- Can you set a limit and a stop when you enter a trade?
- What is the typical spread of your broker?
- Is the spread on your traded asset fixed or variable?
- What lot sizes can you trade?
- If your connection goes down, can you give the dealing desk a direct call?
Live forex trading apps
Most forex trading apps running on android and ios mobile devices are “mini” versions of the full trading platforms.
As such, they offer the same degree of functionality and the same features, reformatted for smaller screens.
You can download such live forex trading apps from google play or the app store. Forex trading apps are usually free to download and use.
Make sure you understand exactly what your forex trading app offers you. Take it on a demo spin, as most mobile trading platforms support demo accounts.
Ask yourself and answer all the mentioned questions before you begin real money trading through a live forex trading app.
Forex live trading room reviews
Live forex trading rooms are chat rooms through which professional traders interact with and educate an audience. Such chat rooms run from the most sophisticated, dedicated platforms, to simple skype chat groups.
Sophisticated live trading rooms allow their professional users to monetize their seminars and trading sessions.
Educators can share charts, embed various widgets, stream live video, perform analysis and complete trades in a live setting.
Some traders have found much value in such live trading setups. It is fair to say, however, that some of these trading rooms are little more than scams or half-hearted efforts.
Before joining such a trading room, read some reviews on it. Users are usually not shy to share their experiences, whether profitable or not.
What else should you consider?
- The focus of the trading room. There are chat rooms focused on swing trading, on scalping, on forex only, on commodities, etc.
The reputation of the live trading room. As mentioned, users are generally keen to share their experiences. - The monetization model. With some trading rooms, you only have to pay for sessions that turn a profit. That sounds like an advantageous monetization model.
- The platform used for communication. Trading-dedicated communication platforms are superior to ad-hoc solutions.
Live trading services
In addition to making good use of a demo account, a beginner live trader may also find it useful to employ the services of an expert.
Inthemoneystocks
Inthemoneystocks claims to have outperformed top hedge funds since 2007. The trading room peddles the services of several professional traders. Gareth soloway and nick santiago are their headliners.
The specialties of the mentioned traders include swing trading on stocks and options trading.The website of the trading room provides education as well as verified trading alerts.
Prices start from $299.99 per month.
Investors underground
Investors underground is a trading room that offers free video lessons, as well as full, step-by-step guidance.
Nathan michaud is the founder and star day-trader of the operation. He is something of a celebrity in trading circles.
Michaud is, however, only one of some 10 trading experts who peddle their services through investors underground.
The trading room is keen on not making outlandish claims. The community feedback concerning the quality of services offered by investors underground is outstanding, however.
Monthly subscriptions start from $297.
A basic package includes access to the live trading floor, study groups and pre-market broadcasts.
Forex.Com live trading webinars
Forex.Com’s live trading webinars offer market commentary, mixed with real-time insights.
Experts also answer live questions and offer actionable live trading ideas. Forex.Com users can sign up for the webinars through a special form at the broker’s official site.
Those who register can select up to three sessions.
Live trading signals
Forex trading signals are trade triggers. They tell the recipient whether to buy or sell a certain currency pair. The signal may contain additional information about the timing, stop loss, take profit, etc.
Trading signals may originate from expert traders or various technical indicators.
Live prices
For live forex traders, access to live prices and quotes is of the essence. The current price of a currency is its most recent selling price at an exchange.
Trading videos
The benefits of using trading videos to improve your profitability are obvious. Most educators deliver their lessons through videos.
Trading rooms use videos to disseminate knowledge as well.An interesting take on using videos for trading is to record yourself.
This way, you can analyze your emotional reactions later. It is important to record the screen as well as yourself when shooting such videos.
Forex live trading
Live forex trading is usually short-term trading, based on real-time charts and quick execution. Forex live trading accounts make use of special trading platforms, which support this type of trading activity. Live trading webinars or forums also represent a great learning tool. Most live currency trading decisions stem from technical analysis. Read on to find out more…
Traders can use real-time charts and technical analysis to place long-term trades as well. In this case, however, tracking by-the-second changes in price offers no advantage.
We are taking a closer look at real-time forex trading and its peculiarities. We cover different aspects of the practice, such as:
- Live forex trading brokers and accounts.
- Live trading services.
- Live prices, quotes, and charts.
- Trading videos.
Live forex brokers
Trading forex ‘live’
Live forex brokers are service providers that act as intermediaries between retail traders and the forex markets.
They make it possible for traders to access the markets. A live forex broker features real-time charts and extremely fast electronic execution. This way, it lets traders react to price movements in real-time.
Most forex brokers generate revenue through the bid/ask spread. They may also charge commissions. Some brokers have adopted unique, creative ways to “turn a buck” off their services.
Accounts
To access the services of a forex broker, you need to create a forex account. Brokers offer several types of trading accounts .
Of these, the demo account is the quickest and simplest to open. You may only need to provide an email address to get such an account going.
Real money accounts, on the other hand, require a lot of paperwork. Some brokers will want to know your financial situation, your revenue sources and other such sensitive bits of personal information.
You have to make sure that you open the right kind of forex trading account with the right broker.
Real-time forex trading is electronic. Given the need for real-time price information and near-instant execution, it cannot be of any other kind.
In addition to being an online operation, your real-time forex broker cannot be a market maker. Some brokerages engage in market making. There is not much point in trying to trade live with such a broker.
Live traders need real-time charts. What you need to know in this respect is that different brokers have different liquidity providers.
Depending on these liquidity providers, there may be slight differences in the real-time prices the brokers use.
Platforms
Forex trading platforms, such as metaquotes’ popular MT4, let traders place trades. Most such platforms offer live charts.
Some of these platforms even allow traders to open positions directly from the chart. In regards to the platform, you have to understand that it is a mere interface.
It does not define the offer of your broker. It does, however, define how you can interact with the markets.
What can you expect from your live forex platform?
All forex trading platforms feature charting these days. You need live charting.
Make sure your broker does indeed feature live prices. Understand that the pricing of your broker depends on its liquidity providers to some degree.
They also offer a selection of technical indicators and trading tools.
Most platforms also provide live news-streams. Through this feature, you can handle the fundamental part of your analysis.
Forex trading platforms support several order types. As a live trader, you need to understand how limit orders and stop orders work, among others.
A proper trading platform comes with a reporting function. You will need to use this for tax purposes. Some platforms report transactions erratically, while others produce high-quality reports.
Demo accounts
Demo accounts let you trade for virtual money.
Not all brokers support such accounts, but the majority of them do.
Most forex trading platforms are free to download and use. There are some exceptions in this regard.
As an online forex trader, however, you will probably only deal with free platforms.
As a live trader, you have to resort to a demo account first. You need to acquaint yourself with the ins and outs of the platform.
You should place around 50 demo trades before you move on to real money trading. Experienced traders should go through these demo paces as well.
Only skilled traders should trade in real-time. How do you know whether you possess the minimum required skills? Ask yourself these questions:
- Do you know what a limit order, a stop order and a market order are?
- Can you set a limit and a stop when you enter a trade?
- What is the typical spread of your broker?
- Is the spread on your traded asset fixed or variable?
- What lot sizes can you trade?
- If your connection goes down, can you give the dealing desk a direct call?
Live forex trading apps
Most forex trading apps running on android and ios mobile devices are “mini” versions of the full trading platforms.
As such, they offer the same degree of functionality and the same features, reformatted for smaller screens.
You can download such live forex trading apps from google play or the app store. Forex trading apps are usually free to download and use.
Make sure you understand exactly what your forex trading app offers you. Take it on a demo spin, as most mobile trading platforms support demo accounts.
Ask yourself and answer all the mentioned questions before you begin real money trading through a live forex trading app.
Forex live trading room reviews
Live forex trading rooms are chat rooms through which professional traders interact with and educate an audience. Such chat rooms run from the most sophisticated, dedicated platforms, to simple skype chat groups.
Sophisticated live trading rooms allow their professional users to monetize their seminars and trading sessions.
Educators can share charts, embed various widgets, stream live video, perform analysis and complete trades in a live setting.
Some traders have found much value in such live trading setups. It is fair to say, however, that some of these trading rooms are little more than scams or half-hearted efforts.
Before joining such a trading room, read some reviews on it. Users are usually not shy to share their experiences, whether profitable or not.
What else should you consider?
- The focus of the trading room. There are chat rooms focused on swing trading, on scalping, on forex only, on commodities, etc.
The reputation of the live trading room. As mentioned, users are generally keen to share their experiences. - The monetization model. With some trading rooms, you only have to pay for sessions that turn a profit. That sounds like an advantageous monetization model.
- The platform used for communication. Trading-dedicated communication platforms are superior to ad-hoc solutions.
Live trading services
In addition to making good use of a demo account, a beginner live trader may also find it useful to employ the services of an expert.
Inthemoneystocks
Inthemoneystocks claims to have outperformed top hedge funds since 2007. The trading room peddles the services of several professional traders. Gareth soloway and nick santiago are their headliners.
The specialties of the mentioned traders include swing trading on stocks and options trading.The website of the trading room provides education as well as verified trading alerts.
Prices start from $299.99 per month.
Investors underground
Investors underground is a trading room that offers free video lessons, as well as full, step-by-step guidance.
Nathan michaud is the founder and star day-trader of the operation. He is something of a celebrity in trading circles.
Michaud is, however, only one of some 10 trading experts who peddle their services through investors underground.
The trading room is keen on not making outlandish claims. The community feedback concerning the quality of services offered by investors underground is outstanding, however.
Monthly subscriptions start from $297.
A basic package includes access to the live trading floor, study groups and pre-market broadcasts.
Forex.Com live trading webinars
Forex.Com’s live trading webinars offer market commentary, mixed with real-time insights.
Experts also answer live questions and offer actionable live trading ideas. Forex.Com users can sign up for the webinars through a special form at the broker’s official site.
Those who register can select up to three sessions.
Live trading signals
Forex trading signals are trade triggers. They tell the recipient whether to buy or sell a certain currency pair. The signal may contain additional information about the timing, stop loss, take profit, etc.
Trading signals may originate from expert traders or various technical indicators.
Live prices
For live forex traders, access to live prices and quotes is of the essence. The current price of a currency is its most recent selling price at an exchange.
Trading videos
The benefits of using trading videos to improve your profitability are obvious. Most educators deliver their lessons through videos.
Trading rooms use videos to disseminate knowledge as well.An interesting take on using videos for trading is to record yourself.
This way, you can analyze your emotional reactions later. It is important to record the screen as well as yourself when shooting such videos.
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- Top forex bonuses
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- When we identify a trade opportunity, you’ll be...
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- Forex live trading
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- Trading forex ‘live’
- Live forex trading apps
- Forex live trading room reviews
- Live trading services
- Live trading signals
- Live prices
- Trading videos
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