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Broker Platform Updates

Changes to brokers such as spreads, leverage and bonuses

GKFX Lowers Spreads

UK regulated Forex broker GKFX has lowered some of its fixed spreads, and now offers spreads such as EUR/USD at 0.7. Read more about this: GKFX Review.

IronFX Drops NDB Bonus, Keeps Forex Bonuses

IronFX is discontinuing its $35 no deposit bonus but still offers a 100% and a 20% Forex Bonus, T&Cs apply. Read more about this broker: IronFX Review.

FXTM Reduces Maximum Leverage

FXTM has reduced maximum leverage from 1000:1 to 500:1, T&Cs apply. Read more about this broker: FXTM Review.

ThinkMarkets: Cash In EAs Offer

ThinkMarkets has replaced its welcome bonus with an offer to traders to cash in their Expert Advisors for a trading credit up to $/£250, T&Cs apply. Read more about this broker: ThinkMarkets Review. Stops Bonus, Keeps $25 Registration Offer

In accordance with new CySEC regulations, has discontinued its bonuses.'s $25 pre-deposit offer remains. Read more about

IG Reduces Forex Spreads

The minimum spread on EUR/USD and AUD/USD is now 0.6 at IG. The spreads reduction applies to minimum spreads, average spreads and DMA spreads. Read more about IG and its spreads and IG DMA.

easyMarkets Replaces easy-forex

easy-forex has been rebranded to become easyMarkets. From Friday 16th December 2016, will redirect to easyMarkets has also changed its minimum deposit to $100. Find out more about this broker: easyMarkets Review.

IG Has A New Platform

IG is introducing a new trading platform which includes features such as fly-out charts and menus, aimed at creating a more intuitive platform experience for the trader. Read more about IG's new platform and find out what's happening to the classic platform.

IronFX Lowers Its Minimum Deposit

IronFX has lowered the minimum deposit on its Micro account to $100, down from $500. Minimum deposits for its range of other account types stay the same. Read more about IronFX and its trading conditions.

ThinkForex Rebranded To ThinkMarkets

ThinkForex has become ThinkMarkets. Read more about this broker, its trading platforms and its spreads: ThinkMarkets Review.

Volatile Markets and Forex

What may volatility mean for trading ?

Volatility is a feature of markets, part of the regularities which characterise the behaviour of Forex pairs. It can be seen on a recurring basis, for example around news events and towards close of markets on Friday.

However Forex pairs can also become volatile, that is pairs can display volatile responses to events. As volatility can be seen around news events, it can also be seen on what might be termed larger scale news events, such as the Brexit vote. The focus of these events, the currency which is tied into the locus of the events, may display a greater tendency to volatile reactions, but it can also be seen in other pairs, perhaps to a lesser extent, depending on the currency or the nature of the event.

So what might volatility be characterised as ? It can be seen as irregular and large responses, because of some larger context within which the pair is enmeshed, for example market close, or a market responding to a revaluation, or a new landscape. These kinds of responses make volatility hard or unwise to trade. Even if a stop-loss is used, sharp movements back and forth can wreak havok with one. So the usual protections can become problematic.

However if a market has become prone to volatility, then a stop-loss might still potentially provide protection, if the volatility is seen within a more usual set of market responses, such as trends and ranges, or is characterised by sudden directional movements, rather than oscillations (which can be typical of recurring news events).

On a more speculative level it might be said that volatility can in some cases be an end or a beginning, that is volatility can be seen on charts around market turns or changes in the way a pair is moving, whether on short term or longer term charting.

Featured Blog Post

Why are Forex Patterns Unreliable ?

The essence of Forex is that it is being decoded, by analysis, by programs or other methods without being able to verify the accuracy of thi...

16 March 2017

Why are Forex Patterns Unreliable ?

The essence of Forex is that it is being decoded, by analysis, by programs or other methods without being able to verify the accuracy of this encoding except by future events, which may or may not bear out this decoding.

Thus the validity of any explanation is based on an event which may itself simply be random, in that it happens because of some market input occurring in the future, even if a very close future. However it can also seem like it is an event which has some causality from the continued formation of a pattern, perhaps augmented by or ended or disturbed by an event or set of events. But does the closeness in time matter.

This has some bearing on the question of whether it makes a difference which time frame is looked at, that is, is it the same thing as one goes deeper into a chart. Because as one goes deeper, the validity becomes closer and closer in time. And validity matters, it is the basis upon which future trades will be made which will help shape the form of the chart (reflected in different ways of trading on shorter vs. longer term time frames). But do these events help shape longer term events.

On the one minute chart, the effect of future events will have an amplified bearing, relative to shapes and forms on longer term time frames. As one goes deeper one sees patterns play out, which can disappear as one goes further out.

This is a reason why the one minute time frame can be worth looking at. A pattern forming there can itself feed back into higher time frames as a confluence of events (some of which are important on higher time frames) can cause a move to change in a way which is noticeable on higher time frames. Thus it may provide a warning signal, or it may not, as the pattern forming may only affect changes which do not change the overall trend or range on a higher time frame.

Thus short term time frames can be seen as bouncing off the immediate future, in ways which higher time frames may not. They may instead tend to bounce off past reference from support and resistance, creating patterns, but driven at their short term base by the capacity to move in surprising ways, which is also at the heart of pattern formation, providing an engine.

This would imply that the one minute chart, while having characteristics of other time frames, would be more volatile. What this could mean is that patterns may form with greater frequency and clarity, as volatility can also push the pair into a new potential to form a pattern.

This may imply that patterns are reactive rather than causal. That is, the events which shape the chart are inputs into the market (including news events and trader and program behaviour), which patterns can react off and if given a chance work out their apparent shapes around these inputs.

So because a pattern is forming does not mean that this pattern will play out, it can quite easily change to something else depending on market inputs. News trading can be an example of this, because in the absence of a strong reactive force, the market can behave in ways which are unexpected. In the event of a surge, it does tend at some stage to respect past support and resistance. Here the time frame may be very short, perhaps under one minute, yet the behavior is like a longer term time frame at its limits. Arguably, the causality of Forex trends also reflects a number of disparate factors enabling a trend pattern, some of which may be stabilising inputs from other markets.

So the reactiveness of patterns is also a reactiveness to themselves, which can seem causal as a Forex pair makes patterns expressing the movement of value in the market. On higher time frames (including short term intense moves), this may be more the case, that is there is more space for patterns to play within their own frame of reference. But a frame of reference created by the past, which at some level of detail is caused by the many inputs into the market.

This can be seen in situations where the market revalues on a large scale from an input (which can be like a very intense news event) and stays there for an extended period of time, caught within this new frame of reference and more immediate inputs.

The past structures of support and resistance and movement around them, creating patterns, have no reference to inputs anymore, but they exist as a kind of potential template to make present and future patterns, helping reflect shapes into a creative volatile present to the extent they can, and creating an appearance of their stability.