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  • #2,381
  • Dec 6, 2011 2:53pm Dec 6, 2011 2:53pm
Quoting Jason Rogers
Hi roughtrader,

I'm doing well thank you, and I hope trading is going well for you also.

I just checked the MT4 platform and the demo servers are being found when I scan for trading servers. It should find FXCM-USDDemo01 and FXCM-MT4-2.0-MT4Demo when scanning. Can you try again right now to see if it goes through?
Thanks Jason, I tried them all again but I get no connection at all, wierd?
I might add that I have another Mt4, not FXCM working fine,
not using it now though so I don't really think it's from my end
maybe you need a larger antenna? LOL
Bulls are stupid Animals!especially when Im short!
  • #2,382
  • Dec 6, 2011 2:56pm Dec 6, 2011 2:56pm
Quoting roughtrader
Thanks Jason, I tried them all again but I get no connection at all, wierd?
I might add that I have another Mt4, not FXCM working fine,
not using it now though so I don't really think it's from my end
maybe you need a larger antenna? LOL
LOL. Let me send a demo to you by private message and we'll see if it works. I will also let the MT4 team know you're running into this problem.


Is anyone else having this problem registering for an MT4 demo?
  • #2,383
  • Dec 6, 2011 2:59pm Dec 6, 2011 2:59pm
Quoting Jason Rogers
LOL. Let me send a demo to you by private message and we'll see if it works. I will also let the MT4 team know you're running into this problem.


Is anyone else having this problem registering for an MT4 demo?
Yes please go ahead, send it
Bulls are stupid Animals!especially when Im short!
  • #2,384
  • Dec 6, 2011 4:34pm Dec 6, 2011 4:34pm
right now on non u.s base pairs your paying 3.6% margin not 2%, your only paying 2% margin on u.s. base pairs like usd/chf, so if your trading gbp/usd and price is at 1.5000 your margin on a 100k trade should be $3,000 at 2% margin but fxcm have a set margin fee at $3,600 for that pair. thats an extra $600 your paying in margin
  • #2,385
  • Dec 6, 2011 6:07pm Dec 6, 2011 6:07pm
Quoting Jason Rogers
Is anyone else having this problem registering for an MT4 demo?
Yes, I used the live chat on the AU site and they said their having problems.
Good Trading
  • #2,386
  • Dec 6, 2011 11:10pm Dec 6, 2011 11:10pm
I am trying "FXCM MT4 powered by BT".

I found that some data in the monthly chart are duplicate.

Attached Image (click to enlarge)
Click to Enlarge Name: MN chart - Duplicate data.PNG Size: 38 KB


I deleted the history data and reload the chart. Still the same.

Attached Image (click to enlarge)
Click to Enlarge Name: MN chart - Invalid time value.PNG Size: 61 KB
  • #2,387
  • Dec 6, 2011 11:39pm Dec 6, 2011 11:39pm
Quoting Jason Rogers
LOL. Let me send a demo to you by private message and we'll see if it works. I will also let the MT4 team know you're running into this problem.


Is anyone else having this problem registering for an MT4 demo?
Hi Jason, fxcm customer here . I'm having problems with the new mt4 demo too. Same problem as roughtrader. No servers shown during account signup.

I downloaded mt4 demo yesterday and waited till today to see if any servers showed up.

Uninstalled re-installed it again today (just in case there's a new build). Currently its Build #409. Still the same problem.

The previous version was fine...
  • #2,388
  • Dec 7, 2011 2:25am Dec 7, 2011 2:25am
Quoting clc4x
I am trying "FXCM MT4 powered by BT".

I found that some data in the monthly chart are duplicate.

Attachment

I deleted the history data and reload the chart. Still the same.

Attachment
you are looking at the history data wich are downloaded from Metaquotes not the broker,
if you want the real data from the broker, you need to force feed it with the pgUp key,
you have the old version of MT4 by Boston Technologies, I suggest you upgrade to the new MT4 by FXCM,
uninstall your old one first and delete the folder, don't forget to save your indicators and EA's
http://www.fxcm.com/metatrader.jsp#Open_Demo
Bulls are stupid Animals!especially when Im short!
  • #2,389
  • Dec 7, 2011 9:00am Dec 7, 2011 9:00am
Quoting roughtrader
you are looking at the history data wich are downloaded from Metaquotes not the broker,
if you want the real data from the broker, you need to force feed it with the pgUp key,
you have the old version of MT4 by Boston Technologies, I suggest you upgrade to the new MT4 by FXCM,
uninstall your old one first and delete the folder, don't forget to save your indicators and EA's
http://www.fxcm.com/metatrader.jsp#Open_Demo
Thank you
  • #2,390
  • Dec 7, 2011 9:09am Dec 7, 2011 9:09am
Quoting PoundTrader
right now on non u.s base pairs your paying 3.6% margin not 2%, your only paying 2% margin on u.s. base pairs like usd/chf, so if your trading gbp/usd and price is at 1.5000 your margin on a 100k trade should be $3,000 at 2% margin but fxcm have a set margin fee at $3,600 for that pair. thats an extra $600 your paying in margin
Hi PoundTrader,

The margin requriement for GBP based pairs in a USD denominated account is actually about 2.3% and not 3.6% as you mentioned.

Margin requirements are based on the notional amount being traded in your specific account denomination. The notional amount in USD traded for a 100k GBP/USD position is $156,745 at the current spot rate of 1.56745. Divide the margin requirement of $3,600 by $156,745 and you get a margin requirement of 2.298%. If the margin requirement were 3.6%, your used margin for a 100k GBP/USD position would be upwards of $5600.

There's a small cushion built into the margin requirements so that margin requirements do not have to change more than once per month.

-Jason
  • #2,391
  • Dec 7, 2011 9:17am Dec 7, 2011 9:17am
Quoting aud
Yes, I used the live chat on the AU site and they said their having problems.
Quoting m00ds
Hi Jason, fxcm customer here . I'm having problems with the new mt4 demo too. Same problem as roughtrader. No servers shown during account signup.
Hi aud and m00ds,

I just checked with the MT4 team and demos are unavailable on the current download, but they should be available very soon. We're hoping very soon means by at least end of day .

Thanks for your patience, and I'll make a post as soon as I receive word the demo registration is back up.

-Jason
  • #2,392
  • Dec 7, 2011 10:50am Dec 7, 2011 10:50am
Quoting Jason Rogers
Hi PoundTrader,

The margin requriement for GBP based pairs in a USD denominated account is actually about 2.3% and not 3.6% as you mentioned.

Margin requirements are based on the notional amount being traded in your specific account denomination. The notional amount in USD traded for a 100k GBP/USD position is $156,745 at the current spot rate of 1.56745. Divide the margin requirement of $3,600 by $156,745 and you get a margin requirement of 2.298%. If the margin requirement were 3.6%, your used margin for a 100k GBP/USD position would be upwards...
if price was to drop to 1.50000 will the margin still be 3,600 on a 100k trade
  • #2,393
  • Dec 7, 2011 4:14pm Dec 7, 2011 4:14pm
Quoting PoundTrader
if price was to drop to 1.50000 will the margin still be 3,600 on a 100k trade
Margin requirements can go up or down, so if we saw a continued drop in GBP/USD it could be lowered. If I remember correctly, margin requirements were last changed 3+ months ago, so it's not something that happens frequently.
  • #2,394
  • Dec 8, 2011 7:44am Dec 8, 2011 7:44am
is this a killer scalp or what! IM THE KING BABY!!
Attached Image
Bulls are stupid Animals!especially when Im short!
  • #2,395
  • Dec 8, 2011 8:38am Dec 8, 2011 8:38am
Quoting Jason Rogers
Hi aud and m00ds,

I just checked with the MT4 team and demos are unavailable on the current download, but they should be available very soon. We're hoping very soon means by at least end of day .

Thanks for your patience, and I'll make a post as soon as I receive word the demo registration is back up.

-Jason
Ok thank you. I just checked again and still the same problem on mt4, no servers for signup.
  • #2,396
  • Dec 8, 2011 9:46am Dec 8, 2011 9:46am
Quoting m00ds
Ok thank you. I just checked again and still the same problem on mt4, no servers for signup.
Hi m00ds,

I just received confirmation the demo registration is up. Can you try scanning again for servers.

-Jason
  • #2,397
  • Dec 8, 2011 10:05am Dec 8, 2011 10:05am
Quoting Jason Rogers
Hi m00ds,

I just received confirmation the demo registration is up. Can you try scanning again for servers.

-Jason
Ok I tried to signup again but there were no servers . So I uninstalled it and downloaded a new version.

I installed the new version on the root C:/ folder on my pc instead of C:/Program Files/.

The new installed version now works fine ! I can signup now and the demo mt4 account is active.

I don't really know what happened. This is the third time I've downloaded and installed the new fxcm mt4. The only difference is I installed it somewhere else. Build version is still the same #409.

Attached is the server scan results that showed up.
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm_mt4.jpg Size: 131 KB
  • #2,398
  • Dec 8, 2011 10:21am Dec 8, 2011 10:21am
Quoting m00ds
Ok I tried to signup again but there were no servers . So I uninstalled it and downloaded a new version.

I installed the new version on the root C:/ folder on my pc instead of C:/Program Files/.

The new installed version now works fine ! I can signup now and the demo mt4 account is active.

I don't really know what happened. This is the third time I've downloaded and installed the new fxcm mt4. The only difference is I installed it somewhere else. Build version is still the same #409.

Attached is the server scan results...
Those are the same servers I'm seeing, and thanks for the details on how you troubleshooted. I'm going to let the developers know the trouble you ran into to see if there's anything that should be changed with the setup on our side.

We're very interested to hear any and all feedback about the new MT4 setup, so don't be shy about posting feedback

EDIT: I just confirmed with the developers that platform needs to be uninstalled/reinstalled in order for the scan to work. You're one step ahead of me!

Thanks,

Jason
  • #2,399
  • Dec 8, 2011 10:25am Dec 8, 2011 10:25am
Thank you for your help Jason .

I'm testing it right now. Everything ok so far. Although I would have loved to have tried some trades during the ECB fiasco just now
  • #2,400
  • Dec 8, 2011 3:17pm Dec 8, 2011 3:17pm
Do you think this is a true statement? Forex traders are correct more than 50% of the time.



DailyFX analyzed over 12 million trades from 2009 and 2010 and found that for almost all the most popular currency pairs that FXCM clients trade, traders are correct more than 50% of the time. Here's the chart showing % of losing trades vs. % of winning trades.

http://media.dailyfx.com/illustratio...profitable.png


So if traders tend to be right more than half the time, why do most forex traders lose money? Answer: They lose more money on their losing trades than they make on their winning trades.

http://media.dailyfx.com/illustratio...trade_pips.png


This shows why risk/reward ratios and money management is important.

More details on this analysis from DailyFX can be found here: http://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2011/12/08/What_is_the_Number_One_Mistake_Forex_Traders_Make.html
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