CALCULATORS

CALCULATORS

 

Our adaptable calculator can help you crunch the numbers for all your trading. Whether you need to know how much swap you will pay on your trade, how high the commission will be, how much margin you will require, or the pip value based on your current trade size, the calculator will not let you down. And if you still enjoy the thrill, we have even included the formulas needed to make the calculations yourself. (If that is the case, include the phrase)

STATISTICS

 

We promised you to be as TRANSPARENT as we possibly can, in any circumstances, ALL THE TIME. And when we make a promise, we try hard to keep it. The numbers below are recalculated every 30 minutes based on data from the last 24 hours.

PAMM ACCOUNTS AT EX FINANCES | MANAGED FOREX ACCOUNTS ARE NOW DIFFERENT

PUT YOUR MONEY TO WORK in FX ‘DONE RIGHT’

You are the one who makes the CHOICE about how to invest your own money. Choosing is now simple, you just have to find the best overall PAMM Account and you will only pay your advisor when you profit from your investment. Take note: we did not say IF you turn a profit, we said WHEN. That is because we absolutely KNOW your endeavour will be PROFITABLE. The only thing you need to do is CHOOSE the right moment to invest, to withdraw, and to diversify. It’s YOUR money, after all, you should not let other people decide how it is to be spent, but you can make the most of your capital by leaving the trading to the experts.

What Is a MANAGED FOREX ACCOUNT?

According to Investopedia™ a Managed FOREX Account (insert hyperlink) is: an investment account that is owned by an individual investor and overseen by a hired professional money manager. The definition is quite good, actually, but since we are very ATTENTIVE to details, we will add a few things. Similar to terms like ECN, STP, and DMA being used incorrectly in the world of Retail FX, many acronyms are also misused when it comes to Managed FOREX Accounts. In consequence, we thought it crucial for you to know the following:

  • MAM describes a piece of Software used by managers to trade on multiple individual client accounts;
  • LAMM or Lot Allocation Management Module means that all accounts, no matter their equity, share the same portion of each executed trade;
  • PAMM or Percentage Allocation Management Module: based on each of their equity, all accounts share a portion of each trade.

So, in conclusion; a MAM is not a PAMM, a PAMM is not always a MAM, and while a LAMM can be a MAM, it is NEVER a PAMM. Are we making you dizzy? No worries, if you need a hand to get a better grip on the FOREX Acronyms, we are here to help.

In conclusion, WHERE CAN I READ SOME MORE INFO on EX FINANCES ? I AM CONVINCED AND I WANT TO OPEN A MANAGED FOREX ACCOUNT NOW! (insert link to your site here)

WHEN GRANTING TRADING PRIVILEGES VIA AN LPOA TO A MONEY MANAGER, YOU, THE CLIENT, AGREE THAT BOTH HUMAN AND TECHNICAL PROBLEMS SOMETIMES CAN AND DO ARISE, ISSUES WHICH MAY NOT ONLY PUT THE WHOLE AMOUNT OF ONE’S INVESTED CAPITAL AT RISK, BUT ALSO DETERMINE SOME POTENTIAL FURTHER LOSSES, THAT MIGHT PLACE YOUR ACCOUNT IN NEGATIVE TERRITORY. STOP LOSS ORDERS DO NOT CONSTITUTE A REAL GUARANTEE AGAINST LOSSES; THEY ARE EXECUTED AS MARKET ORDERS AT MARKET PRICE, SO THEY CAN BE AFFECTED BY SLIPPAGE. WHAT THIS IMPLIES, IS FOR THE ORDER TO BE POTENTIALLY FILLED AT A WORSE PRICE, DEPENDING ON THE AVAILABILITY OF THE MARKET AT THE TIME OF THE EXECUTION.

MORE INTELLIGENT, MORE ADAPTABLE

The FX Space is continuously changing, so it presents challenges even for the most experienced and even seasoned professionals. This is why here, at EX FINANCES, we are focusing on providing valuable and unique data to our PARTNERS, so as to EMPOWER them to attack the field from equal grounds. We STRONGLY believe ACCURATE INFORMATION equals EDUCATION, which for a trader translates into PROFIT.

Just by checking for a limited amount of time the big three FOREX trading stat websites, you will notice most of the systems that seem profitable really have issues, since they don’t ever have the same performance on different pricing venues. There are two reasons why this occurs: either the toxic nature of those, or just the fact that pricing in FX varies and every venue establishes different prices.

It is time to discuss a fact the majority of traders are not aware of; identifying a profitable strategy is IMPORTANT, but it is also the EASIER part of the two that are needed in order to turn a constant profit. Liquidity Management, that is the other essential ingredient for success, is, unfortunately, not controllable by the trader, and even most brokers do not really know how to approach and successfully deal with.

Even though the majority of us understands the terms Liquidity and Management separately, when they come together, most of the retail FX marketplace, and by that we mean brokers, tech providers, and EA masterminds, can’t really explain these words’ meanings when they are grouped together.

We have to tell things as they really are: no matter what broker you choose to clear your trades, that order flow will end up into the same small handful of FX banks that control the retail FX industry. Things are quite clear, since all brokers swim in the same sea. Even more, they all use technology they outsource to some other firm, which normally implies they have limited knowledge of how exactly the tech functions and to what extent the various parameters influence their clients’ trades.

I am positive you have already noticed one system can operate ‘well’ with a particular broker and either do nothing or lose money with a different one. Some unscrupulous brokers just grab all trades and start by giving their clients instant order execution. Let’s say, or maybe we should say let’s dream all brokers are STP. Then, HOW or WHY is a system able to act so differently in separate venues? The answer might seem straightforward, but it actually needs some deeper explaining, as it goes; “Fine tuning”’

Some things just can’t work together, and we all know it: you can’t pair a stallion with a lame mare, and you most surely can’t cure a front broken leg on a horse by breaking one in the back too. It is understood that neither of the horses could go very far, so to speak, and one might end up with no horses at all…

In other words, trading the perfect system does not always ensure success, if the settings are not optimized on all sides, and all the details are not the right ones.

Traders using high-frequency systems cannot hope for the best return trading on the same configurations as the traders focused on exotics and crosses.

Here you have a potential example; Trader X is in and out of the market in under 500ms on average, trading mostly majors, trade sizes max out at 500k per execution, and all trades take place during the NY session. Trader Y is working with mostly crosses, an average deal size of 10M and he trades 24/5. These two sets of conditions are as different as they could be. Step one, trader X needs to make sure he is not facing any last look liquidity. He also needs to find out the average top of book price each provider is placing on the pairs he trades. He works with buy and sell side vendors, which is beneficial because he is thus assured no single bank is taking both sides of his trades. Because he must be able to fill and receive rejections very quickly, he needs a ‘time in force’ setting allowing him one attempt at the price he wants, followed by either a quick rejection or a fill. Trader Y has to have both a more robust aggregated top of book on the exotics and crosses he trades, but also a wider window to fill a position. In consequence, he must have a larger ‘time in force’ inside the central aggregation, to make sure he gets the maximum fill percentage possible. A 3 to 5 seconds wait to ensure higher fills and better overall VWAP price is the way to go for him.

This is only an example, things are more complex, but it was meant to help my point through. Liquidity Management and in part, order routing rulesets, are key ingredients for a long term solid profit return in the FOREX market.

So, next time you contact a broker, prepare and be certain they are able to give you what you need. In case they are not properly managing their own tech infrastructure, you have to try another.

Over the years, some bad things were told in the press about the Retail FX Industry and if not most of them were truth founded, some of it unfortunately was.

To be direct, the entire industry appears to be untrustworthy. There are more reasons why that is, but the main problem is that some new traders do not really understand how FX works, since all they do know comes from forums and blog posts. And since they are allowed to trade with the basic “knowledge” they acquired in such fashion, some failures are to be expected.

One can argue, as we have done it so many times, that educating its base traders is something the whole industry should undertake. This situation, however, could imply a conflict of interest for most brokers, made to choose between their client’s profitability and their bottom line. It should be crystal clear for everyone who is going to win that argument…

We can place bets on the best way to win someone’s trust. But the truth of the matter is, trust is a very expensive and hard to find commodity, like beluga caviar at your local market from the corner of the street. Especially when dealing with people’s pockets, building TRUST can be hard work, and losing it might happen way easier.

This is why a HUGE amount of marketing dollars are spent to create and maintain trust, but at times this same marketing completely contradicts the very image the campaigns are trying to sustain…

For instance, you might be surprised to hear some ‘awards’ within the industry can apparently be bought as one would get groceries from the store. We recently received an email from a certain unnamed company which presents awards within the financial and FX market, stating clearly and directly they had ‘awards available’, such distinctions helping ‘maintain a good and up-to-date reputation in the FOREX industry’…

So, let’s be HONEST, having awards in this industry is maybe not a real indication a broker is better than another and that you must put your TRUST and MONEY with them. What to do, then? Be sure you personally do as much RESEARCH as you can before deciding where to place your funds.