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FXCM Discussion

  • #4,801
  • May 27, 2014 9:21am May 27, 2014 9:21am
Good point Jason, Interactive broker and Citifx requires minimum of 10k deposit. FXCM client accounts with a balance of $10,000 or more had a profitability rate of 44.09% , which is better than IB and citifx.
s
  • #4,802
  • May 27, 2014 10:04am May 27, 2014 10:04am
But the same people can be on a loosing side next quarter or even for the next 2 or 3 quarters. Would be interesting to know how many traders are profitable most of the time. Probably it's a single digit number
  • #4,803
  • May 27, 2014 2:23pm May 27, 2014 2:23pm
Hi Jason,

A Chart question. Is there some way that I can display only the Open position arrows on the respective candles without the Labels and lines at the same time? If I have multiple positions open the Chart is very cluttered and the labels seem to be shown at inconvenient levels. Yes, I can move them around, but I would prefer to eliminate them if possible and show only the arrows.

Thanks, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #4,804
  • May 27, 2014 3:50pm May 27, 2014 3:50pm
Quoting DizzleFX
{quote} Thanks for the response Jason. I literally just open a demo FXCM MT4 account about 10 minutes ago to play around with and to look at spreads throughout the different times of day/news events. Are the spreads on the demo account spot on with what a live account would see? Thanks
Yes, FXCM demo accounts show our real prices, so the spreads are identical to those available on live accounts. In fact, you can create a tick chart and choose to view a specific 4- or 5-minute period around a past news event like NFP to see exactly how wide the spreads got on our NDD price feed at the time in question.

http://i.imgur.com/wL8U2Hc.png


Note that no demo can accurately represent the slippage (both positive and negative) that can occur especially during news events. However, our website provides information on how you can minimize negative slippage and maximize positive slippage.
  • #4,805
  • May 27, 2014 4:27pm May 27, 2014 4:27pm
Quoting Jason Rogers
{quote} Yes, FXCM demo accounts show our real prices, so the spreads are identical to those available on live accounts. In fact, you can create a tick chart and choose to view a specific 4- or 5-minute period around a past news event like NFP to see exactly how wide the spreads got on our NDD price feed at the time in question. {image} Note that no demo can accurately represent the slippage (both positive and negative) that can occur especially during news events. However, our website provides information on how you can minimize...
Thanks for the info Jason.
Damn The Torpedoes, Full Speed Ahead!
  • #4,806
  • May 27, 2014 5:40pm May 27, 2014 5:40pm
Quoting Digitalis
Very frustrating start today. Could not place any trades on UK100 until 08:09 BST from the open at 08:00. Not because price was moving too fast, it was steady. Just nothing happening when TS2 Sell button clicked - no response indicating delay, just as if wasn't even connected. Other traders tell me same problem. Cost me quite a lot in missed profit.
Hi Digitalis,

Trading on UK100 did not open until a few minutes after the official opening of the LSE this morning. That was due to very low liquidity coming out of the holiday weekend. Below is an excerpt from the Execution Risks page of our website in the section called Holiday/Weekend Execution:

"The open or close times may be altered by the Trading Desk because it relies on prices being offered by liquidity providers to FXCM. Outside of these hours, most of the major world banks and financial centres are closed. The lack of liquidity and volume during the weekend impedes execution and price delivery."
  • #4,807
  • May 27, 2014 6:32pm May 27, 2014 6:32pm
Quoting AlbinaGrande
Hi Jason, A Chart question. Is there some way that I can display only the Open position arrows on the respective candles without the Labels and lines at the same time? If I have multiple positions open the Chart is very cluttered and the labels seem to be shown at inconvenient levels. Yes, I can move them around, but I would prefer to eliminate them if possible and show only the arrows. Thanks, AG
Hi AG,

You can right-click on the Label, and in the menu that pops up, select Hide Label.

http://i.imgur.com/Ayu3cVD.png
  • #4,808
  • May 28, 2014 3:46am May 28, 2014 3:46am
Quoting Jason Rogers
{quote} Hi Digitalis, Trading on UK100 did not open until a few minutes after the official opening of the LSE this morning. That was due to very low liquidity coming out of the holiday weekend. Below is an excerpt from the Execution Risks page of our website in the section called Holiday/Weekend Execution: "The open or close times may be altered by the Trading Desk because it relies on prices being offered by liquidity providers to FXCM. Outside of these hours, most of the major world banks and financial centres...
Thanks for the info. It would probably help in these cases if the icon on mouse over remained as the red circle with white stripe. Having the "target sight" icon showing implied I would be able to trade, as far as I was concerned...
Full-time trader and loving it!
  • #4,809
  • May 28, 2014 11:06am May 28, 2014 11:06am
Quoting Digitalis
{quote} Thanks for the info. It would probably help in these cases if the icon on mouse over remained as the red circle with white stripe. Having the "target sight" icon showing implied I would be able to trade, as far as I was concerned...
Thanks for your suggestion. I think that's a great idea!

I've passed it onto our software development team for Trading Station and will let you know if it gets added in future update to the platform.
  • #4,810
  • May 28, 2014 2:04pm May 28, 2014 2:04pm
Quoting Jason Rogers
Forex trading hours remain unchanged, opening on Sunday between 21:00 and 21:15 GMT and closing on Friday at 20:55 GMT. {image} For the holiday schedule for rollover interest (AKA swaps) visit the DailyFX Rollover Calendar.
SUI30 will be closed for trading on Thursday, May 29th in observance of Ascension in Switzerland. Normal hours resume on Friday.
  • #4,811
  • May 28, 2014 4:49pm May 28, 2014 4:49pm
Hi Jason,

Do you think FXCM would ever implement a 'Trade Explorer' of their own built into TS ? Or atleast the ability to create a equity graph like MT4 based on the closed trades ?

Take care
Dan
  • #4,812
  • May 29, 2014 1:21pm May 29, 2014 1:21pm
Quoting dan89
Hi Jason, Do you think FXCM would ever implement a 'Trade Explorer' of their own built into TS ? Or atleast the ability to create a equity graph like MT4 based on the closed trades ? Take care Dan
Hi Dan,

While such functionality is not currently in the works for Trading Station, as with any new feature requests, if there is sufficient demand, it's always a possibility. I'll pass your suggestion onto our software developers. At this time we are working with Forex Factory on an integration that will allow all FXCM clients including non-MT4 users to link their trading accounts to the Trade Explorer on this site. I'll post more updates in this thread as I receive them.

Thanks,
Jason
  • #4,813
  • May 30, 2014 2:13am May 30, 2014 2:13am
Hi Dan,
Quoting dan89
Hi Jason, Do you think FXCM would ever implement a 'Trade Explorer' of their own built into TS ? Or atleast the ability to create a equity graph like MT4 based on the closed trades ? Take care Dan
Please try these two indicators.
  • #4,814
  • May 30, 2014 11:12am May 30, 2014 11:12am
Quoting Valeria P
Hi Dan, {quote} Please try these two indicators.
Thanks Valeria
  • #4,815
  • Jun 1, 2014 11:08am Jun 1, 2014 11:08am
Quoting Jason Rogers
{quote} {quote} At the present time, in order to use Trade Explorer, an FXCM client must have an MT4 account. (Note that MT4 account holders with FXCM are able to use their login details to access Trading Station and place trades from that platform if they prefer.) However, we’re currently working with Forex Factory on an integration that will allow all our clients access to Trade Explorer including non-MT4 account holders. During this process, the trade history you see on Trade Explorer (if you are already linked to it using an MT4 account) will...
Hi Jason,

Im a little confused here. So MT4 account holders CAN use trade explorer (TE) but the data will be limited to just 1 month of trades ? What happens at the end of the month on the linked TE ? I was looking to open an MT4 account so that I could link it to TE and keep a history of my trades plus all the extra data and stats. Do you know if this is the same for all brokers (the one month limitation)

Take care
Dan
  • #4,816
  • Jun 2, 2014 7:28pm Jun 2, 2014 7:28pm
Quoting dan89
{quote} Hi Jason, Im a little confused here. So MT4 account holders CAN use trade explorer (TE) but the data will be limited to just 1 month of trades ?
Hi Dan,

That's correct, but this limitation is only temporary. We're working on an integration with Forex Factory that will allow all FXCM clients including non-MT4 users to link their accounts to Trade Explorer. After that integration is complete you will have access to your full history on Trade Explorer whether you trade with FXCM via MT4, Trading Station, Mirror Trader or NinjaTrader.

Quoting dan89
What happens at the end of the month on the linked TE ?
At the end of every day our MT4 servers archive any data that's more than 30 days old.

Quoting dan89
Do you know if this is the same for all brokers (the one month limitation) Take care Dan
Probably not. FXCM has a unique MT4 setup that links directly to our own back office. While our back office stores complete data regarding your trades, only one month is available on the MT4 platform itself. The rest is archived to reduce the load on our MT4 servers and improve their performance.
  • #4,817
  • Jun 5, 2014 5:07pm Jun 5, 2014 5:07pm
Quoting johninthai
Hi jason, Those plans to offer stocks under cfd form will that be in the near future or long term plan ? Why I am asking is because there is just no volatility or money to be made by only trading FX and the large cap indices. volatility is obviously yo be found in stocks ! By the way why not add the Russel index ?? So please try to give a time frame so I know if it is time to put my funds with a broker that offers stocks as well.
Hi John,

FXCM will soon be introducing CFD Share Trading with No Dealing Desk (NDD) execution. That means our clients can gain exposure to hundreds of large-cap shares with no re-quotes, no trading restrictions, and zero conflict of interest. While official launch date is still pending, you can request to receive early access.

http://i.imgur.com/Lon7ng8.png

  • #4,818
  • Edited 5:24am Jun 7, 2014 5:02am | Edited 5:24am
Quoting Jason Rogers
{quote} Hi Dizzle, The execution and spread options (NDD and DD) available for basic accounts are identical to the premium account offerings. The different services available to each account type are outlined below. {image} click to enlarge
Hi Jason,

I have a standard account. Is it upgraded to an active trader account automatically if balance exceeds 25,000$ or should I open a new account for that?
  • #4,819
  • Jun 7, 2014 5:15am Jun 7, 2014 5:15am
Quoting Jason Rogers
{quote} Hi Dan, That's correct, but this limitation is only temporary. We're working on an integration with Forex Factory that will allow all FXCM clients including non-MT4 users to link their accounts to Trade Explorer. After that integration is complete you will have access to your full history on Trade Explorer whether you trade with FXCM via MT4, Trading Station, Mirror Trader or NinjaTrader. {quote} At the end of every day our MT4 servers archive any data that's more than 30 days old. {quote} Probably not. FXCM has a unique...
Hi Jason,

thanks for the reply.

Do you know if this is the same situation for MyFxBook ?

Dan
  • #4,820
  • Jun 8, 2014 11:39pm Jun 8, 2014 11:39pm
Hi JAson,

That is great news man, thanks to fxcm for putting this into action.
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