Saxo Bank: 3 Key Findings for 2020 - ForexBrokers.com

APIs offered by brokers and data platforms

I’ve been looking for a broker that has an API for index futures and ideally also futures options. I’m looking to use the API to build a customized view of my risk based on balances, positions, and market conditions.
Searching the algotrading sub I found many API-related posts, but then when I actually read them and their comments, I found they’re often lacking in real substance. It turns out many brokers or data services that have APIs don’t actually support index futures and options via the API, and instead they focus on equities, forex, or cypto. So here’s the list of what I’ve found so far. This isn’t a review of these brokers or APIs and note that I have a specific application in mind (index futures and futures options). Perhaps you’re looking for an API for equities, or you just want data and not a broker, in which case there may be a few options. Also, I’m based in the US so I didn’t really look for brokers or platforms outside the US.
If you have experience with these APIs, please chime in with your thoughts. Also, I may have missed some brokers or platforms. If I did or if you see anything that needs correction please let me know.

Platform Notes
ADM Investor Services No API
Ally Invest Does not support futures instruments
Alpaca Only supports US Equities
Alpha Vantage Does not support futures instruments
AMP Broker with a huge number of platforms available including some with APIs
ApexFutures No API
Arcade Trader No API
AvaTrade Does not support futures instruments
Backtrader Not a data feed; otherwise looks cool but also looks like a one-man shop
Cannon Trading Broker with a variety of platforms, some have API access such as TT
Centerpoint No API
Charles Schwab API does not support futures instruments
Cobra No API
Daniels Trading No API
Discount Trading Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Edge Clear Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
Eroom Now part of Dashprime. Offer a variety of APIs including CQG, TT, CBOE's Silexx, and others via FIX.
ETNA Trader Only supports equities, options (including multi-legs), ETFs, Mutual Funds (Forex with cryptocurrencies coming soon)
ETrade API seems robust but OAuth authorization needs to be refreshed via login once per 24 hours
Futures Online No API
Gain Capital Futures API available, based on .NET; unsure if they are open to retail clients
GFF Brokers Broker with a large number of platforms including some with API access
High Ridge Futures Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
iBroker API available; contact them for more info
IEX Cloud Looks great but does not support futures instruments
Infinity Futures JSON API available; contact them for more info
Interactive Brokers Client Web API looks promising if clunky
Intrinio Supports futures instruments but is expensive
Koyfin No API
Lightspeed C++ API available
marketstack API for equities available. Does not support futures instruments.
Medved Trader Windows app with a streaming API to various data sources and brokers. See comment below about API beta access.
NinjaTrader Does not support futures options
Norgate Data Not a broker; supports futures data for $270/year
Oanda Forex only; API last updated in 2018
Optimus Futures Broker with a large number of available platforms including some with API access
Phillip Capital Broker with a large number of available platforms including some with API access
polygon.io Expensive but looks slick; does not support futures instruments
Quandl API looks solid; $49/monthly for personal use, does not allow distributing or sharing data; not a broker
Quantconnect Does not expose raw data
Quantopian Does not expose raw data
Quantower Software that connects to multiple brokers and data feeds; API to their software via C# interface
Saxo Markets Broker with extensively documented API
Stage 5 Trading API available through Trading Technologies
Straits Financial Broker with several platforms available including some with APIs such as CQG, R
Sweet Futures Broker with a large number of available platforms including some with API access
TastyWorks There's an unofficial Python API
TenQuant.io Does not support futures instruments
ThinkorSwim Does not support futures instruments via the API
Tiingo Free account tier but does not support futures instruments
TradePro Broker with a number of platforms available; unclear if any are available with API access
Tradier Free developer API account for delayed data but does not support futures instruments
TradeStation Nice looking API docs and supports futures instruments; requires opening an account and a minimum balance of $100k and there’s no trial available
TradeFutures4Less Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs
TradingTechnologies API looks robust; pricing starts at $700/month
TradingView Does not expose data API
Tradovate Technologies API exists, documentation unknown; need to talk to their account team
Wedbush Futures Broker with several platforms offered, a few of which have API access
WEX .NET/COM only; pricing not disclosed on website
Xignite Pricing not disclosed on website but they do support futures instruments
Yahoo Finance API Available through RapidAPI or via direct access; but it’s discontinued and unreliable
Zaner Broker with a variety of platforms including CQG, Rithmic, TT, some with APIs

Wow, this list grew longer than I originally thought it would be. If you spot a mistake, please let me know and I’ll correct it.
Edit:
- added Lightspeed API - updated Dashprime to indicate some of the APIs available - added Medved Trader to table - added marketstack to table
submitted by theloniusmunch to thewallstreet [link] [comments]

Things that you should know before you start your trading career

The number of forex traders in the financial world is increasing every single day. Most of the traders start their trading career without having a proper knowledge about the financial industry. They consider trading as a money making machine and want to get rich within a very short period of time. But in reality, trading is just like any other business which needs to grow slowly in a perfect disciplined way. To be honest, trading is not for everyone. Before you quit your day job and start forex trading as your full-time profession you need to look at a number of factors regarding this forex market. Those who are trading the forex industry for a long period of time have different sets of skills compared to the novice traders. Most importantly they know the associated risked involved in trading. If you jump into the world of forex trading without acquiring proper knowledge about this industry then you might end up with losing a big amount of your hard earned money. In this article, we will be discussing some the key things that every trader need to know before the consider trading as their full time or part time profession.  
High leverage market  
Leverage can be two edge sword for the traders. Leverage allows the traders to trade high volume trade in the market without depositing big amount of money in the trading account. Most of the novice traders only look at the positive side of the high leverage market and they think by trading the high leverage market they will earn huge amount money without investing too much in the market. But when it comes to real life trading this is extremely difficult since leverage needs to be controlled with an extreme level of precision. Always remember that if you can big amount money within a short period of time then you can also lose a big amount within that specified window. So before you start your trading the real market you should open a demo trading account and trade the market with different leverage since it will help to get a general idea how leverage can affect your trading account and performance. But in order to get the true perception of this high leverage market you need to trade the memo market for at least three months. There are many traders who often ignores the importance leverage and start trading with high leverage account and ultimately fails to achieve success in this industry.  
Trading is a business  
If you truly want to become professional forex trader then you need to consider trading as your business. Those who are trading the financial instrument as a full-time profession always consider trading as their business. Like any other business trading, the financial instrument requires specific sets of rules and strategy. In forex, you always have the added advantage to open demo trading account where you can practice different trading strategy and styles. Make sure that you demo trade for at least 6 months and don’t trade the real market until you get totally confident in your demo trading environment. There is no point of losing money by trading the live market with real money without having a proper understanding of the forex market dynamics. Once you develop a valid trading strategy make sure that you consider trading as your business. Don’t aim for big winners in the market rather look for rational trading output? Make sure that you have a valid trading strategy and don’t lose your grip from trading discipline since it will help to run your business, in the long run, always make sure that you consider trading as your business. Don’t try to avoid the losing trades in the market rather consider it as your business running cost.  
Require extreme control over your emotions: If you are thinking to become a professional forex trader then you need to understand that trading the financial instrument involves an extreme level of emotions. You will be continuously hammered by your emotions after losing or winning certain trades in the market. In the eyes of trained professional emotion can be the greatest enemy for the forex traders since it deviates the traders from the rational decision-making state. So once you start your trading make sure that you open demo trading account and practice the market for a long period of time. You need to take control over your emotions and trade the financial assets with an extreme level of discipline. So if you are not a disciplined person then you need to know to remain discipline in different market conditions. Most importantly you need to keep your commitment to yourself because if you don’t do so then you will end up by losing in the forex market. To be honest, trading is like art and in order to master that art you need to execute every single order in the market with the great level of precision.
 
Summary  
There are many traders in the forex industry who are constantly trying hard to make a dent income in the forex industry but failing due to their lack of knowledge and trading discipline. The success rate is also very low in this industry. So if you truly want to become a professional trader then you need to come prepared since you will have to overcome lots of difficulties and frustrating levels in the forex market. But if you have strong determination devotion and dedication then you will eventually learn how to trade the market like the professional traders.
submitted by dwaynebuzzell to tradingfx [link] [comments]

HATERS WILL SAY ITS A DEMO Forex Trading Account - Forex demo vs real account How to close half position or take half profit of forex ... Forex Trading Strategies - Forex Trading Risk Management - WHEN TO RISK LESS WHEN TO RISK MORE Account Details & Margin - SaxoTrader Quick Start - Part 4 How to Position Size Your Trades For Saxo Trader/Pro Position sizing in forex - how to determine position sizing in trading forex KSAforTrade - تعلم التداول مع اقوى وسيط Ksafortrade LIVE TRADE - Bad stop loss placement cost me my GOLD trade Saxo Bank releases new version of OpenAPI Here's why you'll NEVER make money in Forex. The Forex ...

Check FXStreet Trading positions table, which provide you a glance as to where our dedicated contributors are currently positioned. Open: The price the instrument was traded at. For Buy trades, this was the Ask price of the instrument when it was traded. For Sell trades, this was the Bid price. Holding a Forex position overnight will result in a new Open Price, adjusted by the Forex Rollover Swap points. Close: The current market price of the instrument. The Forex Open Positions module provides a snapshot of Saxo Bank clients' aggregated FX open positions on 10 major currency pairs, allowing users access to historical positioning across and within currency pairs.The module makes it possible to search for extreme positioning in particular currency pairs or for concentrations of positions that might result in support or resistance. Forex positions of Saxo Bank's clients. This tool displays - in real time - the open forex positions held by the clients at Saxo Bank, a CFD broker. It shows the relative size of the positions (in dollars) held by traders on a selection of currency pairs. You can therefore view the relationship between long and short positions. It is also possible to drag the vertical bar on the chart to ... Currently open forex positions - Trend indicators Open positions of Saxo Bank brokerage customers This chart shows real-time long and short positions held by clients of broker Saxo Bank. Get insight into Forex Open Positions. Here you can see a snapshot of Saxo Bank clients' FX open positions for major currency pairs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. Show more . CFDs are complex instruments and come with a high risk of losing money ... The Forex Open Orders module provides a snapshot of Saxo Bank clients’ aggregated FX open orders on 10 major currency pairs, allowing users access to the historical order book across and within currency pairs. The module makes it possible to search for concentrations of orders that might result in support, resistance or break-out points. Founded in 1992, Saxo Bank operates multiple regulated banks and is licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs. Saxo Bank is an exclusive broker, requiring a USD 10,000 minimum deposit (GBP 500 for the UK, SGD 3,000 for Singapore, and USD 3,000 for Australia) to open an entry-level ... The Forex Open Positions module provides a snapshot of Saxo Bank clients' aggregated FX open positions on 10 major currency pairs, allowing users access to historical positioning across and within ... Get insight into Forex Open Positions. Here you can see a snapshot of Saxo Bank clients' FX open positions for major currency pairs.

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HATERS WILL SAY ITS A DEMO Forex Trading Account - Forex demo vs real account

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