Stock Brokerage Strolling Tour VOL.26 JFX (Visit 4th)
Hello everyone, it’s the middle of Golden Week, but how are your trading results?
Today I’m not trading FX or stocks, but I’m slowly taking positions in Bitcoin FX and taking small profits, trading in a meticulous, frugal manner.
By the way, yesterday I visited JFX, the famous company led by President Kobayashi, as part of Securities Company Wandering Tour Vol. 26.
This time, as a continuation and review from the previous time, I learned how to operate JFX’s MATRIX TRADE.
What I noticed about MATRIX TRADE is that this account and app are really well designed, packed with features friendly to part-time traders who still use a feature phone.
In other words, the account is created from the perspective of a part-time trader who, like a businessperson, has limited time, and you can place orders under a variety of conditions, even with many time constraints.
① You can set the order validity period for orders such as limit orders with [Date/Time Specification]. (Up to 100 days ahead) (Example) May 4 at 21:29 → You can cancel the order if it hasn’t reached the release of an economic indicator, etc., by that time.
② There is a [Position Lock] feature to lock a specific position so you don’t accidentally settle all at once.
https://www.jfx.co.jp/landing/mt_vup_lp/#73
③ There is a [Time-Specified Market Order] that places a market order at a specified date and time. → Even if you can’t monitor the trading screen because you have other business, you can enter by placing a time-specified market order.
④ If the specified date/time arrives and your limit or stop orders have not been filled, you can place a market order at the specified time [Time-Specified Limit Order]. → If you are holding a position and have set take-profit and stop-loss orders but important remarks are due from a person of significance from a certain time, you can decide to exit at a market price at that time; this is convenient.
⑤ There is a unique order called [All-Closing Execution by Condition], which triggers a full close when a specified P/L or a specified time occurs. → For example, if TOTAL profit reaches +1 million yen, execute all-close orders, etc. Instead of specifying a rate, you specify the profit. This is especially convenient when you have multiple positions and many currency pairs.
http://www.jfx.co.jp/pdf/mt_iphone/iphone_e06.pdf
⑥ A method to prevent stop orders from being filled due to instantaneous spreads around indicator times is the [BID & ASK Stop-Loss] order.
https://www.jfx.co.jp/landing/mt_vup_lp/#98_c
In addition to the above user-friendliness, JFX’s characteristic is that they are strong with short-term trades such as dollar-yen scalping and day trading, even with a small spread (0.3 sen fixed in principle) with a feature-phone-friendly approach, making them a valuable FX company indeed.
Tomorrow finally arrives the monthly US employment data, a favorite event for feature-phone traders in FX.
I am always grateful to JFX and President Kobayashi, because feature-phone users like me rely heavily on listening to YoshihikoTV monthly during the US employment data releases, which is a great help.
http://yoshihikotv.blog.fc2.com/
Under my current trading rhythm, I cannot compete without watching that program during US employment data releases.
By the way, since the opening two years ago, the feature-phone blog “Securities Company Wandering Tour Visit Count Race” has seen IG Securities lead with five visits, but as predicted, President Kobayashi of JFX took the field and led a strong comeback, finally rising to a solo second place just one point behind first.
◆ Securities Company Wandering Tour Visit Count Race progress report (as of 2018.05.03)
1st place: 5 visits — IG Securities
2nd place: 4 visits — JFX
3rd place: 3 visits — FX Trade Financial, Deutche Bank Japan, M2J Money Square Japan
4th place: 2 visits — Okasan Online Securities, EZ Investment Securities
5th place: 1 visit — SAXO Bank, Traders Securities (Everyone’s FX), Money Partners, e-Warrant Securities
If there are any securities companies who want to be interviewed for the feature-phone blog in this Visit Count Race, please apply enthusiastically.
And with the goal of VOL.100 for the feature-phone blog “Securities Company Wandering Tour,” I hope to continue the blog steadily.
Finally, thank you very much to JFX and President Kobayashi for taking time to accompany me on the wandering trip of the feature phone.
I would like to take this opportunity to express my gratitude.
Tomorrow is the beloved employment statistics for feature phones! Let’s continue to approach the market carefully and enjoyably.
Please continue to have a good Golden Week.
========= Feature-Phone Trader (Hatsuhito Igarashi) =========
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