Why do brokers show different prices? (2024)

Why do brokers show different prices?

Your brokers work with banks and possibly other brokers to have a market for you. This network doesn't necessarily talk with other networks, so the prices can be different.

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Why do different brokers have different charts?

Different brokers might have different charts to be shown because of the different set of LPs they have acquired for their platform. It is because of that difference, you might see different spreads on every other platform.

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Can brokers manipulate the market?

Brokers can manipulate the bid/ask spreads they offers clients. It's a myth that brokers manipulate the fx market as a whole - they're way too small for that. However, big banks certainly can .

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Why are forex charts different?

A Forex brokers server time is different to a brokers platform display time. Forex trading platforms allow you to change the displayed time to your local time. Changing the display time will not make any changes to your candle formations. All Forex brokers require servers to run, store information, and draw charts.

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Are all trading charts the same?

Two traders can indeed see the same chart differently and more often than not they will get different results from the exact same trading setup on the exact same chart. The common unifier in trading is the price action on the chart, it really is the great equalizer.

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Are share prices different on different platforms?

Is a stock's price different across trading platforms? because a different price may simply be an issue i.e. of time being off on a server. There is a lot of technology that can go wrong.

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Why is MT4 and TradingView charts different?

The only difference between MT4 and TradingView from a beginner's standpoint is how available it is. An MT4 platform requires you to be registered with a broker, while TradingView can be accessed freely.

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How do you tell if your broker is trading against you?

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Do brokers work against you?

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.

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Do brokers trade against their clients?

You must know that in forex trading, a broker can choose to trade against their clients. In fact, most brokers actually tend to trade by holding the opposite position to their clients. However, the exact mechanism may vary from one broker to another.

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How do I read a forex chart like a pro?

HLOC chart (also called a bar chart)

The open price is represented by the notch to the left of the vertical line. The close price is represented by the notch to the right of the vertical line. The high price is the uppermost point of the vertical line. The low price is the lowest point of the vertical line.

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What is the best time to start trading forex?

The forex market runs on the normal business hours of four different parts of the world and their respective time zones. The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities.

Why do brokers show different prices? (2024)
How do you know when to buy or sell in forex?

Knowing when to buy and sell forex depends on many factors, such as market opening times and your FX trading strategy. Many traders agree that the best time to buy and sell currency is generally when the market is most active – when liquidity and volatility are high.

What is the most profitable trading pattern?

According to Thomas Bulkowski, the best performing and also most likely to be profitable chart patterns are: bullish flags that are high and tight that breakout to the upside and complex head and shoulders top chart patterns with breakouts to the downside.

Which stock pattern has the highest accuracy?

The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.

Why is the bid and ask price so different?

This difference represents a profit for the broker or specialist handling the transaction. This spread basically represents the supply and demand of a specific asset, including stocks. Bids reflect the demand, while the ask price reflects the supply. The spread can become much wider when one outweighs the other.

Why is the stock price different on Robinhood?

Robinhood doesn't charge commission fees. Any price difference you may see between the estimated buy/sell price and the execution price is due to market movement.

Why do companies do dual listings?

A dual listing improves a company's share liquidity and its public profile because the shares trade on more than one market. A dual listing also enables a company to diversify its capital-raising activities, rather than being reliant only on its domestic market.

What is better than TradingView?

The best alternative is MetaTrader, which is free. Other great apps like TradingView are Good Crypto, TabTrader, HaasOnline and StockCharts. TradingView alternatives are mainly Stock Trading Apps but may also be Cryptocurrency Exchanges or Crypto Portfolio Trackers.

How accurate is TradingView?

TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. Despite the few issues highlighted below, its relatively low price makes it a no-brainer.

What is better than MT4?

MT5 is faster and more efficient than MT4, but it doesn't replace the previous platform as it is different and simply offers more than MT4 does. MT5 provides the ability to trade more instruments in almost all financial markets, including Forex, stocks, indices, commodities, and even cryptocurrencies.

Can brokers steal your money?

Can a Stock Broker Steal Your Money? A broker cannot legally steal your money, just the same as your neighbor or your bank cannot legally steal your money. However, it is possible for a stockbroker to steal your money and the money from other investors. This is called Conversion of Funds.

What is the most trusted trading platform?

List of Best Trading Platforms in India :-
  • Zerodha Kite.
  • Upstox Pro.
  • Sharekhan Trade Tiger.
  • Angel Broking Speed Pro.
  • Trade Station.
  • Trade Eye.
  • Trade Racer.

Can forex brokers steal your money?

Managed forex account scams are when fraudsters pretend to offer expert forex trading services but steal investors' money instead. It's really important to research any financial service or platform before investing your money. Always check the FCA register to see if they are authorised to avoid being caught out.

What is the difference between ECN and market maker?

ECNs serve essentially as a computerized trading forum, connecting all of the buyers and sellers for a stock and matching them automatically. Like market makers, ECNs display bid and ask prices for every stock being traded, but unlike market makers, prices in an ECN are set by buyers and sellers themselves.

Where does Forex data come from?

There is actually no central location for the forex market - it is a distributed electronic marketplace with nodes in financial firms, central banks, and brokerage houses. 24/7 forex trading can be segmented into regional market hours based on peak trading times in New York, London, Sydney, and Tokyo.

What does liquidity provider mean?

A core liquidity provider is a financial institution that acts as a middleman in the securities markets. The providers buy large volumes of securities from the companies that issue them and then distribute them in batches to financial institutions who then make them available directly to retail investors.

Do brokers work against you?

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.

Do market makers manipulate price?

Market Makers make money from buying shares at a lower price to which they sell them. This is the bid/offer spread. The more actively a share is traded the more money a Market Maker makes. It is often felt that the Market Makers manipulate the prices.

Who manipulates the forex market?

Conclusion. Big banks still have the capability to manipulate the foreign exchange market. However, the net impact on the exchange rate will be a matter of only 20-30 pips. Furthermore, regulators have plugged most of the loopholes to avoid a repeat of such incidents.

How do banks manipulate forex?

Central banks move forex markets dramatically through monetary policy, exchange regime setting, and, in rare cases, currency intervention. Corporations trade currency for global business operations and to hedge risk. Overall, investors can benefit from knowing who trades forex and why they do so.

Who are the biggest players in the forex market?

The leading commercial banks that move the Forex Markets are Citi Bank, JP Morgan, UBS, Barclays Bank, Deutsche Bank, BAML, Goldman Sachs, HSBC, Morgan Stanley, etc.

How many forex traders are successful?

One commonly known fact is that a significant amount of forex traders fail. Various websites and blogs even go as far as to say that 70%, 80%, and even more than 90% of forex traders lose money and end up quitting.

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