FX-ANALYTICS Trade Journal

This is my first post here and I would like to introduce myself. My name is Pawel Kalinowski. If you have any questions related to trading, forex brokers, getting registered with NFA (US), FSA (UK) or any of my transactions please let me know I will with pleasure share my knowledge with you. I am currently preparing myself to Series 3 Exam so if anyone is interested in following a similiar path just ask or email me.

Regards,

Pawel<!-- google_ad_section_end -->

What is a Series 3 exam?

Series 3 Exam is the one you need to become regulated in US and register as a CTA (Commodity Trader Advisor). Passing Series 3 exam means you can advise your clients & manage their investment accounts on futures, commodities & forex markets.

Let me know if you need more information.

Cheers,

Pawel

Hello,

I had been recently testing the new NO DEALING DESK option with FXCM (Forex Capital Markets) as they advertised rapid execution even during news releases ie. macroeconomic reports. I wanted to test it on Non-Farm-Payrolls (November the 3rd, 2006) and found following:

1. FXCM filled me on my resting order even before the price in the streaming prices window displayed the price (rate) I wanted to have.

2. The stop/loss was not executed I had to manually exit the trade.

3. FXCM filled me on the highest ask priced noted on this day. (17 pips slippage)

4. FXCM executed the trade whole minute and displayed it after the market went down ca. 100 pips. I was unable to change the parameters of the order during that time.

Would you like to see it ? I had even recorded it live:

http://www.fx-analytics.com/videos/u.../untitled.html

Please send the link to all your friends before they fall victim of FXCM.
<!-- / message -->

I have been using the FXCM platform for 1 year, and I have experienced this same thing during news times. One time I lost 150 pips by the time everthing was completed. I still use the FXCM, but almost never during the news times. I have several other platforms I am using also, I will be making some final decisions to which work best for me with my style of trading in the coming several months.

Monarch

Hey mate did you pass the 3 yet...

I think it nonces to have to take the three if your only doing FX but that just my opinion.