FX Market Watch
It should also be noted that most of the problems plaguing the Forex industry were mostly on a retail level. Dealing Desks common in a retail environment are nearly unheard of in an institutional environment, such as Deutche Bank’s Autobahnxiv
.
DE VE L OPM E NT TRENDS Expert
development a large
Advisor as
proliferated by the MetaQuotes created
platform global
community of traders developing their own automated
trading
systems. These systems were initially simplistic, some relying on simple indicator signals such as Moving Average crosses and RSI. Others called “Grid Trading” systems, simply bought and sold above
and current EUR/GBP
price – while was
below the in
a
trading range, the system never lost money.
As
soon as EUR/GBP began trending, many accounts had severe losses. Now, strategies are becoming increasingly more robust.
market are now competing with MetaQuotes. While it is unlikely that any will replace MetaQuotes due to their wide proliferation, it is important to note the amount of new platforms that have been recently launched, catering to a growing
number of automated Forex developers. Also, manual
CURRENT STATE OF RETAIL FOREX Te Forex industry is in a different state than it was years ago. A few trends that have emerged:
Forex strategies are becoming increasingly more complex and robust
• Many traders are now aware of games brokers play, and are demanding real, instant execution • The demographic of retail Forex has expanded beyond the hobbyist, and now includes many non- FX money managers (such as stock or bond traders), corporations, and high net worth individuals • Brokers are more capitalized • While the number of brokers due to consolidation has possibly decreased, the number of well capitalized brokers has increased, allowing more choices • Brokers have become more competitive • Ability
to trade
smaller lot sizes such as Micros • Brokers offering more services, such as VPS included with accounts • Established brokers such as Oanda have started
complex and Some tools allow for the
importing and exporting of data between MT4 and other platforms such as Tradestation, MatLabs, and Microsoft Excel.
Also, new platforms on the 20 FX TRADER MAGAZINE July - September 2011
traders have discovered the use of automated tools. While many still trade manually (by deciding themselves when to buy and sell) they heavily use automated assistants, such as opening order scripts, dynamic account monitors.
indicators, and
offering Managed Accounts • Plethora of 3rd
ZuluTrade and Currensee.
One trend is the rebate is becoming smaller or even non-existent.
Some
CTA companies now offer an interbank feed with spreads as low as
party tools such as
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