Hi Guys, I'm a UK resedent and want to get into Forex trading. I'm working throught babypips and learning as much as possible and want to open a demo account, babypips says to open a spot forex account but my friends say they use CFD and brokers I've found seem to offer CFD not spot forex. What is the difference between the two if I am interesting in trading only major fx pairs? Which would you guys recommend? I really appreciate any info I can get, thanks.
Daily rollover (swap) interest for IB spot forex trading.
I want to open an IB (interactive broker) trading account for spot forex.
I have no way to find the place for daily position carrying interest (rollover or swap).
Is there a place to set your leverage level, e.g., 1:30 or 1:100.
It is NOT clear how the rollover (swap) being calculated. For example, I have $10K cash in my account and I want to long $100K GBP.USD. How the interest is calculated daily? Do I get interest paid if I long the higher interest currency.
I made some small spot Forex trades last year in the US, and I have recently read that the IRS generally considers the OTC market to be trades which are settled within 48 hours, if I remember the wording correctly. Does that mean that any trades that went on for longer than that are subject to a whole other set of rules, ie, not Section 988, and have to be reported using other form(s)? I had maybe one trade that went on for at least a few days, just a few bucks too. Edit: Does that mean just that trade is now subject to 1256? Or all my trades? Also, I thought you had to make you election of either 988 or 1256 before the beginning of the year, which I can't do because the time is already passed.
I was reading some post over at maths, and from there, found some books on Stochastic Calculus (SC) in Finance. At first glance, it seems to apply to derivatives. I was wondering, if SC has application to Forex? Of the other forecasting methods, SC seems to be based on a rigorous foundation and hopefully encompassing a wider variety of financial instruments. But I am still not finding a clear answer on whether it has applications in spot Forex. All search results lead to SC for options or derivatives. Is it possible to use SC for Forex?
Spot Forex trading based on Open Interest in FX Futures.
Some time back, Commitment of Traders (COT) in Forex futures was suggested here as a helpful indicator of market sentiment, and its usefulness in spot FX trading. There is a babypips chapter on it. It is also mentioned in John Murphy's Technical Analysis of the Financial Markets. The two seem to diverge in *how to use information on Open Interest. According to Babypips, we should focus on Non-commerical (speculators): when they take the net short positions in one direction, the market is ready to move in the other direction, usually. From John Murphy's book:
The guiding principle in analyzing the Commitments Report is the belief that the large commercial hedgers [blue curve in babypips chart] are usually right, while the traders are usually wrong. That being the case, the idea is to place yourself in the same positions as the hedgers and in the opposite positions of the two categories of traders.
Now, both are basically saying the same thing, but they use different categories contributing to open interest. It might happen, that they both are not always strongly correlated? That is, it is not necessary that when Commercial trader (hedgers) take one extreme of positions, the Non-commercial traders (speculators) take the other extreme. For those who follow COT reports, which trader do you focus on? Or are they always anti-correlated, so it doesn't matter which you follow?
Auf der Spot Forex werden die Basiswährungen tatsächlich umgetauscht – in materieller Form. Dies geschieht, nachdem der Verkauf abgewickelt wurde. Generell lebt jeder Devisenkassamarkt von ... The spot forex rate differs from the forward rate in that it prices the value of currencies compared to foreign currencies today, rather than at some time in the future. The global forex spot ... Forex Spot - Ihr Handel bei FXFlat. Beim Spotgeschäft geht es um einen Handel, der sofort abgewickelt wird. Daher kommt auch die Bezeichnung Kassahandel (Forex Spot, Spot-Markt oder Devisenkassamarkt sind weitere Begriffe, die dasselbe Spotgeschäft im Bereich Währungen beschreiben). Forex investors may engage in trading currency futures (also known as an FX future or foreign exchange future), as well as trade in the spot Forex (Spot FX) market. The difference between these ... Beim Spot Forex findet der Austausch der Währungen rund um den Globus im 24-Stunden-Rhythmus statt, wobei hierfür kein örtlich begrenztes Zentrum benötigt wird, weil der Handel zwischen den Banken mit Hilfe einer weltweiten Vernetzung durchgeführt wird. Etwa 40 Prozent aller Devisen werden im Spot Forex-Verfahren gehandelt. Ein weiteres Merkmal des Spot Forex ist die Tatsache, dass ... Forex Spot wird auf dem sogenannten Forex Spot Markt abgewickelt. Der Spotmarkt. Der Spotmarkt wird auch Kassa Markt genannt. Die Kurse unterscheiden sich hier in geringem Umfang von den Kursen für andere Geschäfte, die auf einen größeren Zeithorizont ausgelegt sind. Nahezu 50% der Devisengeschäfte weltweit werden auf dem Spotmarkt abgewickelt und die Tendenz ist steigend. Eine hohe ... Forex-Spot: Beim Spot Forex haben wir mit einem physischen Austausch der Währungen zu tun, der zu einem genau bestimmten Zeitpunkt, nachdem der Trade ausgeführt wurde, stattfindet – d.h. ‘on the spot’ (sofort) – oder innerhalb eines kurzen Zeitraumes danach; Forex-Forward: Bei einer Transaktion am Forward Devisenmarkt kaufen oder verkaufen Sie einen bestimmten Währungsbetrag zu ...
BYFX Global - Spot Forex \u0026 Precious Metal - YouTube
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