I have finally run a recent forex/CFD scan on Oanda. Here is what is good with forex pairs and maybe to consider :
The current listed for my Quant Analytics is more commodity and indices. There are only 2 European forex pairs that are best to trade. I find the forex/currency world moves little. As a result, you would need crazy risky leverage to get those returns.
Consider these but MIGHT have trend:
Note that the MIGHT which shows lots of unpredictable.
Note that the volatility is still high for any of these! That included crazy volatile crypto, including Bitcoin or Ether.
Has the Europe ban forex trading platforms on third party software like MotiveWave. When you look at the link below, we have this comment:
UPDATE 30 Mar:
OANDA: only allows a connection ‘for analysis purposes’. It is impossible to open/manage/close OANDA-trades when using MW if you’re located in the EU. I called them and asked why. The reason they offered me was that ‘EU regulations no longer allow brokers making use of third party apps/programs’
Interactive Brokers: looked around their site and it seems they only allow connections through TWS (“Trader’s Workstation”) That seems fine, but they only offer TWS for professional account holders: (from their site: )
I am not sure if that means you cannot use TWS if you’re an IBKR lite client or a client with a different broker, that in his turn is client with IB. I tried contacting them: no chat, no email and after 20 minutes of ‘please hold for an available customer representative’ I hung up my phone.
MeinTrade: I mailed them (in english, a language they do not seem to speak, judging by their site) and am awaiting an answer
FXCM: I looked a little closer, and discovered they also have offices in the EU (Paris, France and another one in Cyprus). So I wonder why they block Forex-traders that are based there I got in contact with them over chat and this is what they told me: “please be advised that due to changes in regulation by our regulator we are no longer accepting residents of your country to trade with us. I would like to apologize for the inconvenience caused, due to Brexit many of our clients were moved to our EU entity however the regulator has advised that FXCM cannot allow residents of your country to trade with us.”
I posted last night’s webinar on the best forex pairs to watch for. I went into detail for each. Some unknown currency relationships are forming. Not only that, but these also have a story behind them, as certain currencies are stronger than others. This makes trading more predictable. It revolved around the macro economy for a country, commodity, or how their local stock markets are doing.
There was also a detailed conversation about programming tips for careers. It went into about web3 potential for jobs. If you want to listen to it, please let me know as you need to be a member since it is behind a paywall.