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FXCM Discussion

  • #2,121
  • Sep 19, 2011 1:55pm Sep 19, 2011 1:55pm
Quoting zusch
I noticed that FXCM's position management system is first in first out. Does FXCM UK operate like this as well? I live in the U.S. and have been demoing different brokers and haven't found this one feature.
Hi Zusch,

Thanks for your question. I noticed you’re in the US. Regulation in the US requires that open trades are closed in a First In First Out (FIFO) manner.

FXCM UK traders can close positions in any order they choose, without any FIFO requirements. However, since you’re in the US, you would have to open your account with FXCM US for regulatory reasons as well.

I hope that helps Zuzch and let me know if you have more questions!

-Jason
  • #2,122
  • Sep 19, 2011 2:12pm Sep 19, 2011 2:12pm
Quoting sam2vt
I had a demo account with fxcm micro more than 6 months ago. Of course is expired now. However, I try to open another demo with them but I cannot figure out how.
Hi Sam2vt,

You can register for a demo account at http://www.fxcm.co.uk/free-forex-accounts.jsp. Your demo will allow you to trade microlots.

Enjoy!


- Jason
  • #2,123
  • Sep 19, 2011 2:58pm Sep 19, 2011 2:58pm
Quoting Jason Rogers
Hi Sam2vt,

You can register for a demo account at http://www.fxcm.co.uk/free-forex-accounts.jsp. Your demo will allow you to trade microlots.

Enjoy!


- Jason
Dear Jason,

I'm not able to trade 1k lots in my demo, how can I change that?

Thanks.

BTW: The streaming of the Expo was great
  • #2,124
  • Sep 19, 2011 3:32pm Sep 19, 2011 3:32pm
I have a demo account with fxcm as well as 2 live accounts and am trying to learn to use the trading signals. Can you tell me where to go for this help. The think i dont understand is the multiple stop and limit orders and knowing which to use. please advise.

thnx in advance


Quoting Jason Rogers
Hi Sam2vt,

You can register for a demo account at http://www.fxcm.co.uk/free-forex-accounts.jsp. Your demo will allow you to trade microlots.

Enjoy!


- Jason
  • #2,125
  • Sep 19, 2011 4:07pm Sep 19, 2011 4:07pm
Quoting gioviforex
I don't understand the '' GENIUS'' in FXCM that inserted a block in trade station II regarding maximum pairs in the list ..so' you can have only 20 pairs maximum putted on the list......i believe this is done to create problems to the trader if he has to go immediately to a cross to trade....first he fas to delete one and the insert another.......ridicolus.......
The dealing rates window is limited to 20 symbols to ensure the best performance of the platform for all of our traders. If you look at the tick history, you'll find that the currency pairs can update multiple times per second, and in some cases 10+ times per second when market activity picks up. This price data is streamed to every platform logged in and displaying the currency pair. Whenever you multiply the numerous price updates, on multiple currency pairs, by the number of active accounts at FXCM (not to mention thousands more demos), you’re looking at enormous amounts of data. Displaying all 50+ currency pairs would be data overkill since not everyone trades or watches all currency pairs. The majority of traders trade only a handful of currency pairs, which is why the platform defaults to the top 20 the first time you login. The processing power can be used in more beneficial ways to ensure execution remains robust.

With that said, the limit can be removed, as mentioned in the previous post to roughtrader.


-Jason
  • #2,126
  • Sep 20, 2011 3:33am Sep 20, 2011 3:33am
Hi,
I am interested in getting a Chromebook because of price and speed. Wondering if I could be able to use the Trading Station Gateway with it.

Regards,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #2,127
  • Sep 20, 2011 3:46am Sep 20, 2011 3:46am
I'm an US resident, can I open an overseas account?
Quoting Jason Rogers
The dealing rates window is limited to 20 symbols to ensure the best performance of the platform for all of our traders. If you look at the tick history, you'll find that the currency pairs can update multiple times per second, and in some cases 10+ times per second when market activity picks up. This price data is streamed to every platform logged in and displaying the currency pair. Whenever you multiply the numerous price updates, on multiple currency pairs, by the number of active accounts at FXCM (not to mention thousands more demos), you’re...
  • #2,128
  • Sep 20, 2011 4:50am Sep 20, 2011 4:50am
Quoting misa77
I'm an US resident, can I open an overseas account?
http://www.forexfactory.com/showthread.php?t=261751

http://www.forexfactory.com/showthread.php?t=255233

I would just use the LiveChat and ask direct...
OPPORTUNITY IS NOWHERE
  • #2,129
  • Sep 20, 2011 10:12am Sep 20, 2011 10:12am
Quoting drick008
Hi,
I am interested in getting a Chromebook because of price and speed. Wondering if I could be able to use the Trading Station Gateway with it.
Hi Rick,

Trading Station Gateway will work with a Chromebook. If you get a chance, I'd suggest to try out Trading Station Gateway in the store before you purchase but it should be fine.

We've gotten limited feedback about users on Chromebooks so I'd love to hear what you think once you use Trading Station Gateway with it.

Thanks!


- Jason
  • #2,130
  • Sep 20, 2011 11:58am Sep 20, 2011 11:58am
Quoting Forex5050
I'm not able to trade 1k lots in my demo, how can I change that?

Thanks.

BTW: The streaming of the Expo was great
Glad you liked the Expo! Can you email me at [email protected] so I can get you a micro demo account.

thanks!

- Jason
  • #2,131
  • Sep 22, 2011 12:36pm Sep 22, 2011 12:36pm
Hi Jason , thanks ....i resolved the problem for my account ..thanks
  • #2,132
  • Sep 23, 2011 7:24am Sep 23, 2011 7:24am
just a note.......i was involved in the big spike on CHF that occured due to w rong tik from bank providers and in just one day FXCM contacted me via phone and resolved the problem covering the loss that i recieved from this thing and ajsting the gain.........very nice.......
  • #2,133
  • Sep 23, 2011 10:57am Sep 23, 2011 10:57am
Quoting gioviforex
FXCM contacted me via phone and resolved the problem covering the loss that i recieved from this thing and ajsting the gain.........very nice.......
Appreciate the feedback! I will let our Customer Service Team know!
  • #2,134
  • Sep 23, 2011 12:15pm Sep 23, 2011 12:15pm
Quoting salesfx
The think i dont understand is the multiple stop and limit orders and knowing which to use.
Hi salesfx,

I can see how having multiple stops and limits can be confusing. With the DailyFX PLUS Trading Signals, each strategy may display up to 4 different stops and limits for the same signal.

For example, an active signal right now is to sell EUR/USD at 1.3557 with 4 suggested options to place a stop: at 1.3918, 1.3828, 1.3738, or 1.3565. The current market price is 1.3477 approximately so this signal is currently in the money.

http://i53.tinypic.com/2wp6xqt.jpg


Each of these stop levels has been calculated based on the same strategy used to trigger the signal. However, multiple stops are given to allow you to use your opinion in the market or your personal risk tolerance.

Let’s say you think the next key support level is about 1.3550. Since the strategy has a price of 1.3565 as the first suggested stop level, you can decide to follow the signal and place a stop level at 1.3565 or use your own opinion and place it near 1.3550.

You will also notice the stop levels can be very far apart. The stop at 1.3918 would be for more aggressive traders willing to risk more per trade since it’s 361 points from the initial entry price of 1.3557. The stop at 1.3565 would be more conservative since we’re risking less on the position. If we did enter at 1.3557, we’re now risking only 8 pips on the trade.

I hope that helps show you that you can decide, based on your opinion and general trading style, which stop and limit to apply and follow.

Let me know if you have more questions about the signals!
  • #2,135
  • Sep 23, 2011 12:41pm Sep 23, 2011 12:41pm
Quoting misa77
I'm an US resident, can I open an overseas account?
Hi misa77,

FXCM UK can accept US citizens as long as you can submit proof of address outside the US.

If you are living in the US, then US regulation requires that you open your account with a broker registered with the CFTC. With FXCM, you have the option to open with FXCM US.

Let me know if you have more questions.


- Jason
 
  • #2,136
  • Sep 27, 2011 11:00pm Sep 27, 2011 11:00pm
Quoting Jason Rogers
Hi Nic,

Yes, Marketscope has templates, snapshots (save symbol + timeframe) and layouts.

The best option is to create one chart per symbol with the key levels you follow. Then save that chart as a template.

Then open all the charts you use (note MS has a 50 tick chart) and apply the template as you open them! Then save the charts as a layout so they all will have your key horizontal lines.

Should take all but 5 minutes once you get good at it.

I attached the layout you wanted for EUR/USD (charts + lines at key levels). To use...
Thanks mate, I'm sticking with Strategy Trader as it has the customizable time frames. Still no love in finding a way to save drawings as part of the template. So I'm just doing it the long way and redrawing them on every chart.

I have another question, is there a way to get multiple monitors happening with Strategy Trader?
It doesn't allow me to separate chart windows from the main window so cannot have different charts on different monitors.
Is there a way to do this or do I have to try and install multiple instances of Strategy Trader?

Thank you!
  • #2,137
  • Sep 28, 2011 1:02am Sep 28, 2011 1:02am
Can I also be annoying and ask about the chart shift again? It's not ideal to have price squished up against the price scale on the right hand side.
I've tried selecting PA holding shift and pulling it left but it doesn't budge. Have tried every other key doing the same thing, and without holding any key down.

Cheers!
  • #2,138
  • Sep 28, 2011 5:10am Sep 28, 2011 5:10am
Hi Jason Rogers!
Can you help How to capture screen or chart shot directly from MT4 platform?
I will be thankful if you can guide me in this regard

arasheed
  • #2,139
  • Sep 28, 2011 5:59am Sep 28, 2011 5:59am
Right click on chart, select Save As Picture.
Good Trading
  • #2,140
  • Sep 28, 2011 6:09am Sep 28, 2011 6:09am
Quoting aud
Right click on chart, select Save As Picture.
Thank You AUD. It did work.Thanks again.
Now one more question if you can help?
I want to print the chart with Indicators List Window open, is it possible??

arasheed
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