Go and conquer new dimensions of thinking.
B. Werber
These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.
It is clear that one does not become a professional at once, but is there another way to understand the essence of the market without spending years? Taking into consideration rapid development of forex and almost daily appearance of new technologies that result in new opportunities, one may say that there is such a way.
Who is making or has already made the track to this? Only most reliable and highly-authoritative world brokers, who are leaders in the sphere; for example, well-known international forex company GKFX. By having launched a revolutionary technology, own ECN system, – GKFX ECN (for more details see the article “GKFX ECN – Financial Market Breakthrough”), – the broker has made a real breakthrough in the sphere, having thus provided traders with fantastic working conditions at the markets with highest liquidity.
“Market depth” is one of the main elements of the system. This is a unique service of observing market depth (Level II), which, by the way, has been updated recently. Its opportunities have thus become even wider, and users’ comfort has increased alike.
Why does GKFX company pays such thorough attention to “market depth”, what are the service’s benefits for traders, how can it be used in trading with highest efficiency? These and many other questions have been answered by GKFX Director General Dmitry Rannev in his exclusive interview to the “Market Leader”.
Updated Level II – More Opportunities, More Comfort
“Market Leader”: Hello, Dmitry! Could you, please, tell us about benefits of “market depth” for traders?
Dmitry Rannev: Hello! The main benefit of the service of observing market depth is the fact that traders are provided with the opportunity of absolutely clear work at Forex. Clients get more information about market condition; they may see their own orders and those of other traders within the displayed liquidity.
“Market Leader”: How about market prices? As far as we know, “market depth” enables trades to see the whole price range, currently suggested by liquidity providers…
Dmitry Rannev: This is practically so, but let me specify. Users of Level II may see not only quotations from leading liquidity providers, but also those provided ma other participants of GKFX ECN system. This, unlike other similar technologies, enables them to make deals with one another without using spread.
“Market Leader”: What about limit orders?
Dmitry Rannev: Our company has also provided traders with an opportunity to set limit orders within a spread, see them inside the system, and in certain consequences influence spread within the whole company.
“Market Leader”: Deals are to be made at high speed, don’t they?
Dmitry Rannev: Yes, exactly so, with no delay. What is more, our clients may also use the handy option of trading by one click, which enables making instant deals. The new version of the application has also introduced the option of closing all set orders by one click.
“Market Leader”: How does “market depth” look like within GKFX ECN system?
Dmitry Rannev: “Market depth” is an application of GKFX.Level2, which considerably broadens the functions of the popular trading platform MetaTrader 4.
“Market Leader”: Dmitry, please, give us more details about the features of GKFX “market depth”.
Dmitry Rannev: Besides the abovementioned functions, GKFX.Level2 may set delayed orders, as well as open Stop Loss and Take Profit when orders are opened. Its standard functions include: display of the Company’s current liquidity, VWAP instant payment, and “one-click” trade.
“Market Leader”: As far as we can judge, slipping is a negative occurrence that one cannot avoid?
Dmitry Rannev: I would not agree that slipping always is a negative side of trading. As you said, slipping cannot be avoided, for market is a live organism that cannot be set within certain framework, which it will not leave. At the same time, slipping may be not only negative, but also positive. Frankly speaking many brokers conceal unprofitable slipping in order not to pay their clients, but take the earned money instead. In this reference, GKFX company acts with maximal clarity, for the benefit of traders – in case of positive slipping they are returned to you, even though they make up five-digit numbers. Our earning is different – it is made up by turnover, whereas the rest goes to our clients. Not long ago we have launched an account with Instant performance that uses STP technology for traders willing to control slipping. By the way, this account is commission-free.
“Market Leader”: Therefore, can one say that GKFX service of observing market depth is a powerful tool for effective work at financial markets?
Dmitry Rannev: Yes, one can say so. Let me remind that with the help of GKFX.Level2 “market depth” one can not only see best Bid/Ask, as in the majority of companies, but also the entire depth of provided liquidity. One may also understand what strike price to expect, as well as analyze the market. Some traders admit that they depend on the market in certain key moments, for example, turning. “One-click” trade enables traders to work at maximal speed, which is very effective for those who prefer scalping, pipsing, etc.
I would also like to mention that GKFX.Level2 enables users to see the volume of orders within lots and spreads, calculate average prices for buying or selling, as well as many other functions, more information about which may be found on GKFX official web-site.
“Market Leader”: Dmitry, GKFX company has recently updated its “market depth”. What are the new features of your service of observing market depth?
Dmitry Rannev: The new version has introduced the options of setting delayed orders, as well as Stop Loss and Take Profit when orders are opened. The new functions also include closing all orders “by one click” (including closing by a certain tool). We have also improved the visual constituent of the application – users may now hide unused functional blocks. There also is an additional option of choosing the mode of launching the application – with an advisor or a script.
“Market Leader”: Thank you so much, Dmitry, for the information that will certainly be useful for all traders who want not only to have stable work at high-liquidity markets, but also feel comfort during the process, which is very important for winning psychology at forex market.
