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FXCM Discussion

  • #3,361
  • Feb 11, 2013 11:08am Feb 11, 2013 11:08am
Quoting PoundTrader
The link you showed me is accurate, you can use the one i showed you for other reasons like i do, i build a trading system off of it base on price action.
Thanks PoundTrader.
It ain`t no big thing, but it`s growing.
  • #3,362
  • Feb 11, 2013 11:18am Feb 11, 2013 11:18am
Quoting Jason Rogers
Hi McTrade,

Thanks for pointing this out. It will be resolved during this weekend's scheduled maintenance, and that in turn should correct the error with the weekly pivot levels you mentioned earlier. Did you get a chance to confirm whether you can now see the correct pivot levels for the other time frames aside from the weekly pivots?

Thanks again, and I apologize for the inconvenience.

Jason

Hello Jason,

a new week.....new problems.

Sorry, but I can`t work with these charts.

This is ....BS.

I`m gone now and go elsewhere.

Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CAD FXCM 4 Hour Trading Station 2 Chart.jpg Size: 95 KB
Click to Enlarge Name: USD CAD FXCM 4 Hour Live Chart.jpg Size: 132 KB
Click to Enlarge Name: USD CAD LMAX 4 Hour Live Chart.jpg Size: 124 KB
It ain`t no big thing, but it`s growing.
  • #3,363
  • Feb 11, 2013 12:45pm Feb 11, 2013 12:45pm
Quoting mctrade
Hello Jason,

a new week.....new problems.

Sorry, but I can`t work with these charts.

This is ....BS.

I`m gone now and go elsewhere.

Good luck.


Hi McTrade,

The reason those 4-hour charts look different is because of differing 4-hour chart intervals.

Trading Station's 4-hour charts use the following intervals: 5pm EST (22:00 GMT), 9pm EST (02:00 GMT), 1am EST (06:00 GMT), 5am EST (10:00 GMT), 9am EST (14:00 GMT) and 1pm EST (18:00 GMT).

The other charts you are looking at use these 4-hour chart intervals: 7pm EST (00:00 GMT), 11pm EST (04:00 GMT), 3am EST (08:00 GMT), 7am EST (12:00 GMT), 11am EST (16:00 GMT) and 3pm EST (20:00 GMT).

The 2-hour shift in when the candle intervals begin and end results in the differences you see. If you would like to see charts with FXCM prices, but using 4-hour chart intervals starting from 00:00 GMT, then the MT4 charts are able to do that as shown below.

http://img51.imageshack.us/img51/545...harts2013f.png


Please let me know if you have further questions about this.

Jason
  • #3,364
  • Feb 11, 2013 5:37pm Feb 11, 2013 5:37pm
Jason. What is the duration of a FXCM demo acct? 6 months? Thanks
Defending Truth, Capitalism and the US Constitution
  • #3,365
  • Feb 11, 2013 5:41pm Feb 11, 2013 5:41pm
Quoting jarhead
Jason. What is the duration of a FXCM demo acct? 6 months? Thanks
no limit
  • #3,366
  • Feb 11, 2013 5:52pm Feb 11, 2013 5:52pm
Quoting jarhead
Jason. What is the duration of a FXCM demo acct? 6 months? Thanks
Quoting PoundTrader
no limit
Hi Jarhead,

As PT mentioned (thanks ), your FXCM demo won't expire provided you place a trade at least once every 30 days.

Let me know if you ever have questions about your demo.

Jason
  • #3,367
  • Feb 11, 2013 6:42pm Feb 11, 2013 6:42pm
Thanks
Defending Truth, Capitalism and the US Constitution
  • #3,368
  • Feb 12, 2013 8:18pm Feb 12, 2013 8:18pm
Having problem with 2 demo accounts today. I've had one demo account for over a month but this morning I'm getting "Invalid Account". I created a new one so I could continue. That worked fine for today until the evening at 2100 Eastern USA time (0200 GMT). I'm now getting Invalid Account again with this new account.
  • #3,369
  • Feb 13, 2013 5:00am Feb 13, 2013 5:00am
FXCM server tends to reject MT4 demo account login 2-3 hours before US open.
Anyone encounters the same thing.

May be there are too many demo accounts for the server to handle ?
  • #3,370
  • Feb 13, 2013 7:27am Feb 13, 2013 7:27am
Quoting shoktrader
...I'm now getting Invalid Account again with this new account.
This morning I'm getting No Connection for my USD demo accounts but my live USD account works fine. Apparently a communication issue getting to the USD demo server. Does anyone have any further insight into this?
  • #3,371
  • Feb 13, 2013 7:38am Feb 13, 2013 7:38am
Quoting shoktrader
This morning I'm getting No Connection for my USD demo accounts but my live USD account works fine.
My FXCM USD demo account just came back on line 0835 Eastern (1335GMT) as I was browsing the forums. Looks like I'm good to go...
  • #3,372
  • Feb 13, 2013 12:59pm Feb 13, 2013 12:59pm
USD/JPY WEEKLY CHART

THERE IS A BIG RESISTANCE AT 94.80
WE CAN SEE A RETRACEMENT TO THE 88.50

http://i49.tinypic.com/22ddmg.gif





GBP/USD WEEKLY CHART

WE CAN SEE A BIG RISING TO THE 1.64 AGAIN.

http://i46.tinypic.com/rw42zk.gif


FIRST TARGET: 1.5880 ( TWO WEEKS LATER)
SECOND TARGET: 1.6170 (FIVE WEEKS LATER)
THIRD TARGET: 1.6350 (SIX WEEKS LATER)

GL
  • #3,373
  • Feb 14, 2013 12:42pm Feb 14, 2013 12:42pm
Quoting davidsayli
USD/JPY WEEKLY CHART

THERE IS A BIG RESISTANCE AT 94.80
WE CAN SEE A RETRACEMENT TO THE 88.50

http://i49.tinypic.com/22ddmg.gif





GBP/USD WEEKLY CHART

WE CAN SEE A BIG RISING TO THE 1.64 AGAIN.

http://i46.tinypic.com/rw42zk.gif


FIRST TARGET: 1.5880 ( TWO WEEKS LATER)
SECOND TARGET: 1.6170 (FIVE WEEKS LATER)
THIRD TARGET: 1.6350 (SIX WEEKS LATER)

GL
Hi David,

Thanks for your post. It's nice to see some analysis on longer term trades. That's a compelling trendline on the weekly chart for GBP/USD. How do you set up your entries?

https://media.dailyfx.com/illustrati..._Picture_7.png

The latest SSI readings on GBP/USD seem to indicate that at least in the short term, it could have further to fall. That might give you a better average entry price if you're scaling in.

Jason
  • #3,374
  • Feb 15, 2013 7:18am Feb 15, 2013 7:18am
Jason
just wondering with FXCM's MT4 is it possible to arrange email or text message alerts for when a trade is open or closed
thanks
  • #3,375
  • Feb 15, 2013 9:30am Feb 15, 2013 9:30am
Quoting paulcu
Jason
just wondering with FXCM's MT4 is it possible to arrange email or text message alerts for when a trade is open or closed
thanks
Hi Paul,

The MT4 platform doesn't support SSL authentication which is used by most emails. However, there are work arounds for this. A solution was posted on the forums here: http://www.forexfactory.com/showthread.php?t=273034

Jason
  • #3,376
  • Feb 15, 2013 11:04am Feb 15, 2013 11:04am
Next Monday is President's Day in the US. Below are the holiday trading hours for CFDs. All times are in EST. Forex will continue trading as normal.

http://img198.imageshack.us/img198/8...residentsd.png


Also worth noting is that the G20 meeting in Moscow will run through this Saturday. Recent comments from the G7 have already led to big moves in the yen this week, and more volatility is possible: http://www.guardian.co.uk/business/2...rency-wars-g20
  • #3,377
  • Feb 20, 2013 1:10pm Feb 20, 2013 1:10pm
Quoting Jason Rogers
Hi PT,

Great question. The benefit of having a custodial trust account in your name with Bank of America is that bank accounts in the US are FDIC insured. FXCM has been pushing for years for there to be similar insurance for individual forex accounts in the US, but currently none exists. That means if a forex broker in the US goes bankrupt, the money of that broker's clients would be at risk.

That means for those of us trading in the US, the financial strength of our forex broker is of utmost importance. As one of the few publicly-trade forex...
Hi Jason,

Was just searching for something like this and your post came up. I just did a quick read, and saw that the minimum requirements for a custodial account is USD500K. Is there anything else that FXCM can offer for someone with USD50K or USD100K ? How about other FXCM branches ? I currently reside in a country that does not have any FXCM branch/franchise, so I'm open to suggestions.

Much thanks.

-LK
  • #3,378
  • Feb 20, 2013 1:20pm Feb 20, 2013 1:20pm
Hi,

On a separate note, I am currently a money manager with another brokerage. Though I am happy with spreads, service and withdrawal times, I find that their back end reporting for MMs are very, very basic. Apart from a transaction record, there is very little else. It makes statistics and analysis very tedious, as everything has to be done by hand.

Would you happen to know if FXCM would be able to provide something more substantial, or possibly even automation to generate and send reports to clients ?

Thanks again.

-LK
  • #3,379
  • Edited 5:49pm Feb 20, 2013 5:13pm | Edited 5:49pm
Quoting wlk1
Hi Jason,

Was just searching for something like this and your post came up. I just did a quick read, and saw that the minimum requirements for a custodial account is USD500K. Is there anything else that FXCM can offer for someone with USD50K or USD100K ? How about other FXCM branches ? I currently reside in a country that does not have any FXCM branch/franchise, so I'm open to suggestions.

Much thanks.

-LK
Hi LK,

I notice from your forum profile that you live in Malaysia. Malaysian residents can open accounts with FXCM UK, which is regulated by the the Financial Services Authority (FSA) in London, and as usual with forex trading your capital is at risk. Funds held at FSA-regulated brokers are protected by the Financial Services Compensation Scheme for up to £50,000 per client.

Regulations and account protection can vary from country to country, so it is an important thing to check. While a safety net such as the FSCS is good to have, no one ever wants to have to go through the situation of having to wait for funds in the event the broker goes under such as happened with Worldspreads in the UK, or finding out the broker you're trading with was not on firm financial ground as happened with PFG here in the US. Since we're a publicly-traded company, listed on the New York Stock Exchange (NYSE: FXCM), we regularly publish details regarding our finances. That means you can get a true sense not only of our size (holding $1.28 billion in client funds as of our most recent quarterly report), but also of our financial stability in terms of our debt, capital, profitability etc. which you simply can't view when trading at a privately held company.

While FXCM does not have a physical office in Malaysia, we do offer 24-hour live customer support via online chat and telephone. You can call us from Malaysia using our Universal International Freephone Number: 00 800 2233 4466.

Welcome to the forum

Jason
  • #3,380
  • Feb 20, 2013 5:45pm Feb 20, 2013 5:45pm
Quoting wlk1
Hi,

On a separate note, I am currently a money manager with another brokerage. Though I am happy with spreads, service and withdrawal times, I find that their back end reporting for MMs are very, very basic. Apart from a transaction record, there is very little else. It makes statistics and analysis very tedious, as everything has to be done by hand.

Would you happen to know if FXCM would be able to provide something more substantial, or possibly even automation to generate and send reports to clients ?

Thanks again.

-LK
Hi LK,

We do have reporting capabilities for money managers that might be good fit for you. Please send me a private message with your contact details and the best time to reach you. I can arrange to have one of my colleagues, who works with money managers, follow up with you to discuss options.

Jason
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