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FXCM Discussion

  • #1,701
  • Jan 18, 2011 9:49am Jan 18, 2011 9:49am
Quoting Jason Rogers
Hi Askjo,

Thanks for posting the screenshot, and I see what you mean now.

The screenshot in post #1694 is a picture of the FXCM UK (www.fxcm.co.uk) platform. With that platform, you can set the stop and limit in the market order window. The most recent screenshot you attached is from the FXCM US (www.fxcm.com) platform. You can still set a stop or limit with the FXCM US platform, but you will need to do so through the Summary window. Here's a screenshot where to locate it,...
Jason,

Thank you for providing me the link. I found it. I am very happy.
  • #1,702
  • Jan 19, 2011 5:45am Jan 19, 2011 5:45am
I can't understand why FXCM on its web site doesn't advertise the exotic currency pairs like EUR/NOK, CHF/NOK, EUR/SEK and others but it offers them and you can trade them on your real and demo account.
http://www.fxcm.co.uk/forex-spreads.jsp

to me, if I am a forex broker, I would advertise all currency pairs...can somebody tell me why this is the case? Thanks...
  • #1,703
  • Jan 19, 2011 8:11am Jan 19, 2011 8:11am
Hi Jason,I received an email from FXCM about a fee that I will be charged 50$ because my account is inactive for more than a year and I would like to close the account.
The amount in my account is to small for a withdrawal,can the account be closed without me withdrawing the 2,50$?

Thanks in advance
  • #1,704
  • Jan 19, 2011 8:53am Jan 19, 2011 8:53am
Quoting kengur
I can't understand why FXCM on its web site doesn't advertise the exotic currency pairs like EUR/NOK, CHF/NOK, EUR/SEK and others but it offers them and you can trade them on your real and demo account.
http://www.fxcm.co.uk/forex-spreads.jsp

to me, if I am a forex broker, I would advertise all currency pairs...can somebody tell me why this is the case? Thanks...

Hi kengur,

Thanks for the suggestion. The website contains the list of most commonly requested currency pairs, but I'll see if the web team can also add a link to the full list of currency pairs available. Here's a list I put together of the 51 currency pairs available on the standard 10k demo account.

http://img440.imageshack.us/img440/5...1192011942.png


Also keep in mind that margin requirements for the exotic currencies (ZAR, MXN, HKD, SGD, TRY) are higher.

-Jason
  • #1,705
  • Jan 19, 2011 11:08am Jan 19, 2011 11:08am
Quoting madboy
Hi Jason,I received an email from FXCM about a fee that I will be charged 50$ because my account is inactive for more than a year and I would like to close the account.
The amount in my account is to small for a withdrawal,can the account be closed without me withdrawing the 2,50$?

Thanks in advance
Hi madboy,

Yes, the account can be closed without you withdrawing the $2.50. If you take no action before February 4, 2011 (such as depositing additional funds), then the dormant account fee will be charged and the account closed.

-Jason
  • #1,706
  • Jan 19, 2011 12:24pm Jan 19, 2011 12:24pm
Quoting Jason Rogers
Hi madboy,

Yes, the account can be closed without you withdrawing the $2.50. If you take no action before February 4, 2011 (such as depositing additional funds), then the dormant account fee will be charged and the account closed.

-Jason
Got it,thanks
  • #1,707
  • Jan 19, 2011 1:37pm Jan 19, 2011 1:37pm
Quoting Jason Rogers
Hi kengur,

Thanks for the suggestion. The website contains the list of most commonly requested currency pairs, but I'll see if the web team can also add a link to the full list of currency pairs available. Here's a list I put together of the 51 currency pairs available on the standard 10k demo account.
-Jason
There are two more pairs available in TradeStation which are not on your list: EUR/CZK and USD/CZK. But they seem to be non-tradable. Can you explain the deal with them?
  • #1,708
  • Jan 19, 2011 2:48pm Jan 19, 2011 2:48pm
Quoting Adal
There are two more pairs available in TradeStation which are not on your list: EUR/CZK and USD/CZK. But they seem to be non-tradable. Can you explain the deal with them?
Hi Adal,

The Euro denominated trading accounts contain the additional pairs EUR/CZK and USD/CZK which are not available in the USD denominated account. If the prices appear grayed out, it means the pricing is indicative and an active market is not being made by the banks for that pair. Or the spreads could be so wide, that the pricing has become indicative. This could happen for the more exotic pairs outside of their peak trading hours when volume is extremely low.

-Jason
  • #1,709
  • Jan 19, 2011 4:09pm Jan 19, 2011 4:09pm
Jason:

I am currently trading on MB trading and am interested in switching over to FXCM and opening a micro account to start. I think TSII and market scope are great software which I would like to take advantage of. I have a few simple questions.

1) What are the differences between the standard and micro accounts? (besides min deposit) do both still have access to daily fx+ and so on.

2) how much do the spreads differ between the two?

3) What else can you trade on the micro? commodities? metals?

Thank you for your time and information.

Kyle
  • #1,710
  • Jan 20, 2011 9:50am Jan 20, 2011 9:50am
Quoting Crankshot17
Jason:

I am currently trading on MB trading and am interested in switching over to FXCM and opening a micro account to start....

Hi Kyle,

Thanks for the questions, and I would be happy to help with the answers.

Both the micro and standard 10k account can access DailyFX+ and both accounts have the same spreads. The minimum trade size in the standard 10k account is a 10k mini lot, whereas the minimum trade size in the micro account is a 1k lot. So if you're new to trading and looking to start off trading small positions, the micro account will give you more flexibility in trading smaller position sizes.

The most commonly discussed differences between the two accounts you should consider is the support methods available in each account. Micro account support is handled online through the micro community forum, online question submission, and email ([email protected]). Many basic questions are also answered through the micro FAQ. If you need access to additional support methods such as access to support by phone or live chat, then going with the standard 10k account will give you that option.

Oil, gold and silver CFD trading is offered on both the micro and standard 10k accounts, but CFD trading with FXCM is not available for US residents. Reason being is because the CFD's are not exchange traded products, and offering them to US residents opens a lot of legal grey area from a regulatory perspective.

Hope that helps!

-Jason
  • #1,711
  • Jan 23, 2011 3:50am Jan 23, 2011 3:50am
Could someone please explain to me why FXCM has so wide spreads on majors? EURUSD is always 2.5-3 pips while the competition recently (Oanda, MBtrading) have tighten their spreads to less than 1 pip usually on majors. (EURUSD, GBPUSD and EURGBP are always around 1 pip).

I am a very old FXCM happy customer (I love TS2 so much) but I would like an answer to why their spreads are 3 times higher on majors.
  • #1,712
  • Jan 23, 2011 4:54am Jan 23, 2011 4:54am
Quoting kavaron
Could someone please explain to me why FXCM has so wide spreads on majors? EURUSD is always 2.5-3 pips while the competition recently (Oanda, MBtrading) have tighten their spreads to less than 1 pip usually on majors. (EURUSD, GBPUSD and EURGBP are always around 1 pip).

I am a very old FXCM happy customer (I love TS2 so much) but I would like an answer to why their spreads are 3 times higher on majors.

I saw someone else being quoted on a chart with 0.9 on EurUsd that would be nice if FXCM lowered them even 1 pip so sub 2 would sure help.

Don't want to trade any platform other than TS2 though, all the others I've seen have been horrible things.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,713
  • Jan 25, 2011 12:25pm Jan 25, 2011 12:25pm
Hi Jason,

I am reading up your post on the sites. Great response, very informative. I am trying to import some data onto my FXCM mt4 terminal but really need some assistance.

the format of my data is as follows:


1/24/2011;8:48:0;1.35959;1.35973;1.35953;1.35963
1/24/2011;8:47:0;1.3598;1.35983;1.35952;1.35959
1/24/2011;8:46:0;1.3591;1.36002;1.35903;1.3598
1/24/2011;8:45:0;1.35895;1.35922;1.35881;1.3591
1/24/2011;8:44:0;1.35891;1.35919;1.35891;1.35895
1/24/2011;8:43:0;1.35879;1.35894;1.35876;1.35891
1/24/2011;8:42:0;1.35874;1.35879;1.35865;1.35879
1/24/2011;8:41:0;1.35883;1.35894;1.35869;1.35874

i have the file in CSV format. When i open up the file at the fxcm mt4 terminal and open up historic center. when i press import and click OK, there is no response. I search all over the web put seems couldnt find the answer to why its not working.

Do you know what I am doing wrong? I can post some screenshots if need.

Thanks

C
  • #1,714
  • Jan 25, 2011 1:22pm Jan 25, 2011 1:22pm
Quoting ctw1
Hi Jason,

I am reading up your post on the sites. Great response, very informative. I am trying to import some data onto my FXCM mt4 terminal but really need some assistance.

the format of my data is as follows:


1/24/2011;8:48:0;1.35959;1.35973;1.35953;1.35963
1/24/2011;8:47:0;1.3598;1.35983;1.35952;1.35959
1/24/2011;8:46:0;1.3591;1.36002;1.35903;1.3598
1/24/2011;8:45:0;1.35895;1.35922;1.35881;1.3591
1/24/2011;8:44:0;1.35891;1.35919;1.35891;1.35895
1/24/2011;8:43:0;1.35879;1.35894;1.35876;1.35891
1/24/2011;8:42:0;1.35874;1.35879;1.35865;1.35879
1/24/2011;8:41:0;1.35883;1.35894;1.35869;1.35874

i...
I'm a programmer, and i've messed with this kinda thingy so... ( I suspect )

a) your date format is wrong.
b) your missing a Volume at the end.

If you export you get this :-

2010.11.22,00:31,1.60007,1.60025,1.59986,1.60008,44
2010.11.22,00:32,1.60010,1.60010,1.59965,1.59979,81
2010.11.22,00:33,1.59973,1.59979,1.59970,1.59979,47
2010.11.22,00:34,1.59978,1.59980,1.59968,1.59979,22
2010.11.22,00:35,1.59975,1.59981,1.59972,1.59980,34

I suspect you'll have to make yours look identical to this format.

all days, months, hours and Mins and seconds will be 00 format to, so


2011.01.24,08:48:01,1.35959,1.35973,1.35953,1.35963,0

Manually format a bit like that and import and try it before recoding it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,715
  • Jan 25, 2011 5:14pm Jan 25, 2011 5:14pm
Quoting Turveyd
I'm a programmer,...
Remember, doing the same thing 1000 times and expecting a different result is insanity Must be at least 10,000 times now is it? Heh heh heh.
  • #1,716
  • Jan 25, 2011 5:21pm Jan 25, 2011 5:21pm
Tim I mean TGM I think you'll find my method has changed and evolved 100's of times and will continue to until cracked.

How's America ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,717
  • Jan 26, 2011 6:23am Jan 26, 2011 6:23am
Quoting Turveyd
I'm a programmer,...
thanks for the quick response. i feel like i am not the first to ask..but..ive been searching forex factory, seems like everyone's case is abit different.

a) is there a way to do this with a software?
b) my data source does not have volume....but it should still be fine, i hope.

thanks.
  • #1,718
  • Jan 26, 2011 8:56am Jan 26, 2011 8:56am
Quoting ctw1
thanks for the quick response. i feel like i am not the first to ask..but..ive been searching forex factory, seems like everyone's case is abit different.

a) is there a way to do this with a software?
b) my data source does not have volume....but it should still be fine, i hope.

thanks.
Hi ctw,

Thanks for the post and Turveyed is on the right track in terms of exporting the data to see the format for how MT4 keeps track of it. I sent your question over to the programming services team to see if they had any advice and here is what they said:

The data has to be in following format
2011.01.25,21:43,1.36930,1.36930,1.36915,1.36921,54
2011.01.25,21:45,1.36938,1.36938,1.36879,1.36888,84
2011.01.25,21:46,1.36888,1.36888,1.36848,1.36859,179
2011.01.25,21:47,1.36860,1.36860,1.36810,1.36831,131
2011.01.25,21:48,1.36833,1.36845,1.36826,1.36843,75
2011.01.25,21:49,1.36844,1.36844,1.36828,1.36839,47

Commas can be replaces by semicolon, tab, or space but other than that if anything is changed, then MT4 will reject it. We had similar problem with historic price downloader. We fixed it by changing the way we print data.


-Jason
  • #1,719
  • Jan 30, 2011 7:26am Jan 30, 2011 7:26am
I have heard nothing but bad things about this broker and don't know who to trust anymore.

I like their platform and find it very easy to use (been demo trading for a while) so will try a live account with them soon.

Not hoping for much after the endless reviews I have been reading about them.
  • #1,720
  • Jan 31, 2011 8:26am Jan 31, 2011 8:26am
Quoting kuzco
I have heard nothing but bad things about this broker and don't know who to trust anymore.

I like their platform and find it very easy to use (been demo trading for a while) so will try a live account with them soon.

Not hoping for much after the endless reviews I have been reading about them.
Hi kuzco,

Welcome to the FXCM thread. If you have any questions about FXCM, please feel free to post them.

-Jason
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