Axe Trader: A Prop Trading Firm Forex Funded Trader
Among market makers, the ax has the most control over security prices as they drive most of the price action in a given day. These dynamics can quickly paint a picture as to which market maker tends to actually have the most influence over a security. The ax can be identified by studying Level 2 quotes and noting which market maker seems to have the greatest effect on the security’s price.
Support
We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Transparent conditions, low spreads and quality support make this broker a great choice. I needed to create an account to be able to trade on Axes.Market and the virtual assistants were very clear in providing information and problem solving. Avoiding your maximum drawdown is key to keeping your account safe and staying in the game.
- I personally prefer the MT4 desktop platform as it has all of the features and functionalities.
- Many times, a trader with an axe will keep that information private.
- You can add your favourite news feeds and follow traders from social networks.
The customer service is fabulous
With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions. They have some of the best customer support you will find anywhere, evident by the numerous awards that they have won. There is a markets blog where you can read about the latest market news. This section is frequently updated and includes technical and fundamental chart analysis which can help inspire potential trade ideas.
Risk and Reward of Ax
Hitting your simulated profit target means you’ve earned the status of a funded trader. This is yet another excellent tool provided by the broker and something that I have not seen implemented by many others. If you want to take advantage of this tool, BlackBull Markets are an alternative option who also have it. The mini manager has the ability to open/manage positions and use complex order types with more efficiency. This can be a handy tool if you are using a strategy that requires quick entries and exits.
Enjoy daily access to exclusive expert insights, trend analysis and views on the latest market news, all designed to help build your knowledge and improve your trading skills. Open direct channels of communication with professional traders and highly experienced analysts, then trade alongside them as they take on the markets every day. You can review the past 6 months performance statistics of the patterns and levels found by Autochartist to see those that worked and those that did not.
We offer the best brand such as Cisco, Avaya, Polycom, Panasonic and others. Because our products are digital, we can’t offer refunds after you’ve made a purchase. However, if you’re not happy with what you got, just shoot us an email at , and we’ll do our best to sort things out for you.
AXE Eval Objectives allow you to build good habits and the discipline required to be a profitable trader with minimal skin in the game. Accounts can be opened in an excellent range of various currencies including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Axi have an economic calendar that gives you details on upcoming news events which can be filtered by trading instrument, date and impact.
In this article, you will learn everything you need to know about flag chart patterns. Ax is the moniker given https://traderoom.info/axes-a-reliable-forex-broker/ to the market maker who is most central to the price action of a specific security across tradable exchanges. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.
The session map simply shows you the different markets opening and closing times. The term “axe” can be used in many different ways, which makes the context of the conversation important to consider. The term “axe” is derived from the phrase “axe to grind,” which means to possess an ulterior motive or selfish aim. The phrase has historically meant to have a grievance with someone, especially where one feels the need to seek retribution.
Clients can replenish their accounts using dollars, euros, Swiss francs, Polish zlotys, South African rand, Japanese yen. Traders may also use the term to represent securities related to the securities that they hold. For instance, a trader may hold a long position and have an axe toward put options if nervous about the stock’s short-term prospects. Fundamental tools, training resources, trading education and expert coaching to help you continuously improve. Market axes are subject to regulatory oversight by bodies like the Securities and Exchange Commission (SEC). Regulatory measures include rules for disclosure, trading restrictions, and periodic reporting to ensure fair practices.
