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The simple truth is that most forex and CFD brokers are trading against their clients. The details in how this is accomplished vary greatly from broker to broker. Broadly speaking, we can say there are two types of brokers: A Book brokers and B Book brokers:

- A Book brokers may technically be trading against their clients in that they are taking the opposite side of the trade, but they generally are taking a risk neutral approach to the market and are looking to immediately offset the trade. So they are not trading against their client in spirit, only in technicality.
- B Book brokers will choose what positions of their clients they wish to offset. As such, they are willing to take a directional position in the market, and thus may be trading against their clients in a more material way. For instance, suppose the B Book broker wants to take a long Euro position in the market. To do this, they may not offset the short Euro trades their clients have put on; rather, they will simply take the other side of these trades.

A Book and B Book brokers can both run into big problems - for themselves, and in turn, their clients - if the larger banks and brokerage firms they offset orders with no longer take positions. This risk is known as liquidity risk. We saw liquidity risk have a devastating impact on both A Book and B Book brokers when the Swiss National Bank unpegged the Swiss Franc from the Euro, resulting in a huge move in a matter of minutes.

You can ask your broker directly about their dealing desk policy. This is largely because they feel uncomfortable about admitting their status as the counterparty to your trade, and because they generally do not educate their staff in the nuances of how they operate and make money.

Gary Norden on The Evolution of Professional Institutional Trading

The presentation will be focused on The Evolution of Professional Institutional Trading, and will cover:

• Timeline from 80's to present, and a glimpse at future
• Deregulation of marketplace
• Banks/Market Makers
• Floor Traders
• Trading Desks
• Position Traders
• Hedge Funds
• Prop Shops
• Risk Management systems
• Evolution of educational requirements
• Derivatives and new products
• Data analysis/mathematical analysis
• Summary and Lessons to be learned

More about Gary Norden:

Gary Norden's 25 year trading career started at the age of 18 when he became a market-maker of Japanese Equity Derivatives for Yamaichi who were then the 4th largest Japanese investment bank. Three years later he moved to the trading pits of the London Futures and Options Exchange (LIFFE) where he traded as a 'local' options market maker.

Al Brooks - Anticipating The Next Trade

Topics include:
- Screen for markets with potential trades
- Anticipate setups many bars in advance
- Enter and exit those trades, even after the initial entry point
- Managing the trades

1. Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).

1.1. A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen

• A weak bullish signal occurs when the cross is below the Kumo.
• A neutral bullish signal occurs when the cross is inside the Kumo.
• A strong bullish signal occurs when the cross is above the Kumo.

1.2. A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen

• A weak bearish signal occurs when the cross is above the Kumo.
• A neutral bearish signal occurs when the cross is inside the Kumo.
• A strong bearish signal occurs when the cross is below the Kumo.

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Leverage, overleverage and position size calculation with Nenad Kerkez

Trading is a business. When you plan to make money you always need to calculate in the risk. You can gamble in Forex market, one of the things which overleveraging is connected to. Even if you gamble in Forex Market you still have a bigger chance to win than in casino.

Some traders prefer that, but professional trading is no gambling but preserving and increasing the deposit by proper ROI (return of investment ). Today’s webinar will teach you proper leveraging, position calculation but also what can happen if you overleverage every time you make a position.

Bill Williams' indicators, chart acceleration and three more languages

The latest version of the MetaTrader 4 Web platform features the full set of Bill Williams' indicators. Six more indicators for technical analysis are now available on the web platform: Alligator, Fractals, Market Facilitation Index, Awesome Oscillator, Accelerator Oscillator, and Gator Oscillator.

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The signal of overbought and oversold based on 30 and 70 are weak but can be enhanced but a divergence setup. Even this can extend further. Perhaps we should look at other approaches of using the RSI, namely the opposite.

Instead of monitoring the RSI as a range trading tool, why not look at it as a trend following tool. If the market shows abundant examples of trend continuing after a show of OB/OS signal maybe we should examine the trend following applications.

There are 2 advanced signals that they don't teach in the basics of RSI. I first encountered these techniques in the "Technical Analysis for the Trading Professional" by Constance Brown. She credits much of her knowledge to Andrew Cardwell who is a modern day guru of this technical indicator.

We had previously mentioned that when you think about when the RSI is above 70, showing overbought conditions, it is also showing bullish momentum, so in the right context, it it a bullish signal. (The right context meaning basically that it is not always going to be a bullish signal.) However, if you witness multiple failures, and then a quick attempt, it is sometimes considered a "pop". The RSI pop is something we can investigate closer, but the point is that the overbought condition sometimes suggest only a temporary pause, but signals further intent.



There are another 2 signals that help confirm the trend.

1) A healthy bullish trend should be confirmed by the 14-period RSI staying above the 40 level. Vice versa, a healthy bearish trend should keep the RSI below 60.

2) After a bullish trend is established, a positive reversal signal occurs when the RSI makes a lower low, but the corresponding price low does not. This suggests another swing and we can use a swing projection.

This is 40 minute webinar about the following: Gold, Crude, Russell with price action trading. John Paul explained how to use price action when trading news events.

New MetaTrader 4 Build 970: Simplified demo account opening and expanded MQL4 features

"Support for MetaTrader 4 terminal builds below 910 will be discontinued on July 1, 2016. Unsupported terminal builds will not be able to connect to the new server versions. Therefore, we strongly recommend that you upgrade your terminal."