Forex Brokers DON'T want you to trade stocks
Posted: Tue Oct 04, 2022 12:58 am
If you take a look at swaps, they are all negative and very high for indices and stocks on ICMarkets MT5
because stocks have an inherent bullish bias, they're easier to trade than forex : just buy the stock and wait for it to go up
but of course if you create a robot that trades indices on forex brokers, you're gonna pay HUGE swaps, and all your profits will be gone
that's why forex broker don't want you to trade indices and get the good money.
But if you still wanna trade indices, then it becomes really complicated and pricey, with brokers like Interactive Brokers that make you PAY for data...just sayin'
Jeff
because stocks have an inherent bullish bias, they're easier to trade than forex : just buy the stock and wait for it to go up
but of course if you create a robot that trades indices on forex brokers, you're gonna pay HUGE swaps, and all your profits will be gone
that's why forex broker don't want you to trade indices and get the good money.
But if you still wanna trade indices, then it becomes really complicated and pricey, with brokers like Interactive Brokers that make you PAY for data...just sayin'
Jeff