You’re absolutely right. In retail forex trading, you're not physically owning the currency but rather trading contracts for difference (CFDs). This means you profit or lose based on price movements, not ownership. Brokers like IB allow real currency exchanges, but most retail platforms focus on speculative contracts without physical ownership.
I traded with many brokers, but I liked the trading conditions and small spreads and commissions in fxopen and exness.
i guess most of the forex brokers only offer CFD? so the default ticker EUR/USD is the CFD, right? and why u trade with many brokers? guess u want to distribute multiple orders to minimize the slippage impact?
so the IB platform participate in something big like inter-bank tradesb (so the size offer is big)? and retail forex brokers only provide CFDs? do you know any of retail forex broker also participate in real currency? coz if you look at the offer from retail brokers, if trading a bigger size, there will be serious slippage impact
I said that I traded with many brokers, but I do not trade with them now. That is, in the beginning I tried to trade with different brokers to really see and check their trading conditions, the size of spreads, the frequency of slippage and the speed of order execution, which is important for me as an intraday trader. But the two brokers I mentioned above had more favorable conditions.
anyone know what is tick volume? it is defined as the number of times of price change in a certain time interval. but i am confused what does it mean, the bid ask prices are the prices listed in the market depth, so what does it mean by changing? what come up with my mind is the number of times of changes of the actual size of the bid/ask price in a certain time interval. for example, if the actual size of the bid price 1.26 changed 5 times (people revised the lots size there) then the tick volume is 5. i don't know if this thought makes sense... and, anyone can suggest me a free forex historical data source(with quality) like 1min and up to year 2005? thanks