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FXCM Discussion

  • #9,361
  • Aug 16, 2016 10:46am Aug 16, 2016 10:46am
Quoting Ockham
{quote} Hi Jason, thanks for your answer, of course fxcm Australia is an option, i m actually trading with fxcm France but regulation is changing soon in France so i prefer to move now, as i m also scalping i m considering a server with a nearest location, any idea how could i compare connection beetween Australia and Hong kong from Thailand ?
While FXCM has dozens of trading servers, we do not divide them based on our different trading entities. That means accounts with FXCM UK, FXCM Australia and FXCM US could all be running on the same server. If your goal is to reduce the latency between your location and our servers, changing between entities would make no difference. Instead, you may want to consider running your platform on a virtual private server (VPS). Is your scalping strategy automated?
  • #9,362
  • Aug 16, 2016 11:57am Aug 16, 2016 11:57am
Quoting littleart
Jason, Check this out: http://www.forexfactory.com/showthread.php?t=592372 please. Will FXCM be affected? thanks! LR
Since I have received more inquiries from other traders, I thought it would be good to add some further clarification here to my earlier response: http://www.forexfactory.com/showthre...28#post9084628

On May 20th of this year, the US Securities and Exchange Commission (SEC) announced that as of 7/31, regulated Broker-Dealers will be prohibited from offering retail forex trading. The prohibition also applies to Broker-Dealers who are dually registered as a Futures Commission Merchant or a Forex Dealer Member, such as Wedbush Securities, Interactive Brokers and Phillip Capital. Phillip Capital decided fairly quickly to halt its retail forex operation altogether in the US. Based on recent statements, it appears Interactive Brokers has been similarly affected. FXCM on the other hand is not a registered Broker-Dealers and is not impacted by the prohibition in anyway. FXCM will continue to offer FX services to US customers.
  • #9,363
  • Aug 16, 2016 2:32pm Aug 16, 2016 2:32pm
Quoting Adal
Do you get level 2 data on your FXCM account through FIX? They are supposed to offer this on Active Trader accounts, but I'm not sure if this works when your account is setup to work with the TS2 software
Quoting Kenawee
Back a few months ago I used to take a video course (for new demo users by FXCM) and in the scalping lecture they taught us how to use a tool called "Market Depth". Market Depth was basically doing the calculation of the bid/ask ratio and give you a hint when the market is going to reverse short time.
Quoting Seitecu
Is this ECN model possible to use with some enhanced trading station 2 where will be depth of market?
Quoting Bilstein
I'd love to get with a broker that offers cTrader and market depth like Pepperstone but, no US clients.
You previously asked about market depth, so I thought you would like to know about FXCM's new indicator that provides information on market depth for the No Dealing Desk (NDD) forex execution we provide to all Standard and Active Trader account holders.
Attached Image (click to enlarge)
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  • #9,364
  • Aug 16, 2016 5:26pm Aug 16, 2016 5:26pm
Quoting Jason Rogers
{quote} While FXCM has dozens of trading servers, we do not divide them based on our different trading entities. That means accounts with FXCM UK, FXCM Australia and FXCM US could all be running on the same server. If your goal is to reduce the latency between your location and our servers, changing between entities would make no difference. Instead, you may want to consider running your platform on a virtual private server (VPS). Is your scalping strategy automated?
No Jason it is not an automated strategy, still scalping manually, so i understand i will have exactly the same latency with fxcm Australia that with fxcm France ? And manually trading with an vps i supposed that it is not an good idea ?
There is no way to happiness , happiness is the way.
  • #9,365
  • Aug 16, 2016 8:09pm Aug 16, 2016 8:09pm
Jason,
You have probably answered this before, but why the difference in the one click prices and the indicator on the chart?
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  • #9,366
  • Aug 17, 2016 1:57am Aug 17, 2016 1:57am
MT4 Quick Close - Reverse Inputs

Hi, I live in the UK and use the Trading Station Spread Betting account.

Is there a suitable strategy like the MT4 Quick Close - Reverse Inputs. Where closing an open order automatically opens a new order for the same ammount in the opposite direction?

All the best.

RAAAMMY
  • #9,367
  • Aug 17, 2016 7:14am Aug 17, 2016 7:14am
Quoting Jason Rogers
{quote} {quote} {quote} {quote} You previously asked about market depth, so I thought you would like to know about FXCM's new indicator that provides information on market depth for the No Dealing Desk (NDD) forex execution we provide to all Standard and Active Trader account holders. {image}

THANK YOU!!!!!!!

  • #9,368
  • Aug 17, 2016 8:47am Aug 17, 2016 8:47am
Quoting Ockham
so i understand i will have exactly the same latency with fxcm Australia that with fxcm France ?
You are correct, since our different global entities share the same trading servers.

Quoting Ockham
And manually trading with an vps i supposed that it is not an good idea ?
Manually trading on a VPS would not reduce your overall latency because you would still have latency between the VPS and your computer in Thailand. Has latency been an issue on your FXCM France account? If so, what platform do you use?
  • #9,369
  • Aug 17, 2016 9:57am Aug 17, 2016 9:57am
Quoting cpearson
Jason, You have probably answered this before, but why the difference in the one click prices and the indicator on the chart? {image}
Hi Cpearson,

The prices you see in the one-click trading box should match the Bid and Ask prices in your Market Watch window. These are the prices available to you for trading. The reason why the MT4 chart prices don't match is explained in this earlier discussion: http://www.forexfactory.com/showthre...92#post9075192

If you complete this form, your account can be switched to an MT4 server with charts that match your tradable prices: MT4 Chart Update for FXCM US Clients
  • #9,370
  • Aug 17, 2016 10:11am Aug 17, 2016 10:11am
Quoting raaammy
MT4 Quick Close - Reverse Inputs Hi, I live in the UK and use the Trading Station Spread Betting account. Is there a suitable strategy like the MT4 Quick Close - Reverse Inputs. Where closing an open order automatically opens a new order for the same ammount in the opposite direction? All the best. RAAAMMY
Hi Raaammy,

I may have a solution for you. Do you hedge in your spread betting account meaning do you simultaneously hold long and short positions open in the same currency pair?
  • #9,371
  • Aug 17, 2016 12:12pm Aug 17, 2016 12:12pm
Hi Jason,

No, I close one trade before opening the next trade in the opposite direction.
  • #9,372
  • Edited 1:37pm Aug 17, 2016 1:07pm | Edited 1:37pm
Quoting raaammy
Hi Jason, No, I close one trade before opening the next trade in the opposite direction.
Perfect! That means you can disable hedging functionality on your spread betting account (it is enabled by default) by going to MyFXCM.com:

  1. Click on the MyFXCM button on your Trading Station
  2. In the browser window that opens, go to Account Settings
  3. Select Hedging Functionality and set to Disabled


Then you can change your Trading Settings to either One-Click or Double-Click with preset Stop and Limit distances for your orders:

  1. Click on the Trading Settings button on your Trading Station
  2. Select One-Click or Double-Click mode
  3. Select your Order Type and Time in Force
  4. Set your Stop and Limit distances


Now you're all set!

  1. Suppose your first trade is a 100K long position in EUR/USD.
  2. In your Advanced Dealing Rates window, you can now set your new One-Click (or Double-Click) trade size to 200K (double your first trade size, so you can close and reverse your position in one step)
  3. When you want to reverse your position, click once (or twice) on the Sell price for EUR/USD
  4. You will end up with a 100K short position in EUR/USD with your Stop and Limit already set :nerd:

Attached Image
  • #9,373
  • Aug 17, 2016 3:26pm Aug 17, 2016 3:26pm
Hi Jason,

When I clicked on MyFXCM button, when the browser opens, it shows the Profile page to Change Password.
Nothing on that page about Account Settings.
Have I missed something here?
All the best.
RAAAMMY
  • #9,374
  • Aug 17, 2016 4:58pm Aug 17, 2016 4:58pm
Wow, too funny. They deleted my post that contained a link to a MT4 plug-in used to scam traders out of money. Said it was a code of conduct violation. AS if exposing the cheating, lying, scamming brokers we have to deal with in the US is not valuable info. Amazing.
  • #9,375
  • Aug 18, 2016 2:46pm Aug 18, 2016 2:46pm
Quoting raaammy
Hi Jason, When I clicked on MyFXCM button, when the browser opens, it shows the Profile page to Change Password. Nothing on that page about Account Settings. Have I missed something here? All the best. RAAAMMY
You should see the Account Settings option in the blue menu bar along the top of the MyFXCM.com webpage. If you do not see the menu bar, you should see a menu button (a square with 3 horizontal lines in it) at the top right of the page.
  • #9,376
  • Aug 18, 2016 2:58pm Aug 18, 2016 2:58pm
Hi Jason, menu bar not available, the MyFXCM.com webpage goes straight to a page to change the password.

I have sent you my email to [email protected]

Thanks for your help in this matter.

RAAAMMY
  • #9,377
  • Aug 18, 2016 2:59pm Aug 18, 2016 2:59pm
NEW Trading Station Desktop update

Attention Trading Station Desktop users: A new update is available for your platform.

This update is not yet automatic when you log into your account, but clients who want to use the latest features now can get the new version today. Simply go to "Help > Software Updates" from the menu bar at the top of your Trading Station and follow the steps to complete the installation.

One of my favorite new features is the Simulation Mode. This allows you to replay market data at real or accelerated speed (for example, 10 times real speed).

Attached Image (click to enlarge)
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The best part is that Simulation Mode is available 24/7 even during weekend maintenance. This is great for traders who like to do their charting, practicing and strategizing over the weekend when trading is closed. Test how well you would have traded key market moves from the past!

In future posts, I willl provide you with more information on other new features available in the latest version of Trading Station Desktop.

Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.
  • #9,378
  • Aug 18, 2016 3:09pm Aug 18, 2016 3:09pm
Quoting raaammy
Hi Jason, menu bar not available, the MyFXCM.com webpage goes straight to a page to change the password. I have sent you my email to [email protected] Thanks for your help in this matter. RAAAMMY
Please forward a copy of that email to me a jrogers AT fxcm DOT com. Thanks
  • #9,379
  • Aug 18, 2016 3:46pm Aug 18, 2016 3:46pm
Hi Jason.

Email sent.

RAAAMMY
  • #9,380
  • Aug 18, 2016 6:32pm Aug 18, 2016 6:32pm
Quoting Jason Rogers
NEW Trading Station Desktop update Attention Trading Station Desktop users: A new update is available for your platform. This update is not yet automatic when you log into your account, but clients who want to use the latest features now can get the new version today. Simply go to "Help > Software Updates" from the menu bar at the top of your Trading Station and follow the steps to complete the installation. One of my favorite new features is the Simulation Mode. This allows you to replay market data at real or accelerated speed (for example, 10...
Sounds very cool. 👍
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