jasonrogers's Posts - Page 5

Forex Contest FXCM in Contests Nov 12, 2014 at 02:33

Looking at the contest account you mentioned now, you can see there was a large losing trade on November 10. It's possible that information was not yet updated on the page the last time you visited: http://www.myfxbook.com/members/himaalex84/contest-himaalex84/1063473

Forex Contest FXCM in Contests Nov 12, 2014 at 02:24

To know for certain why your trade was closed, please log into Trading Station Web and click on the Report button: https://tsweb.fxcorporate.com/The Condition column of the report will tell you what order type closed the trade. For example, if it says MC, then you got a margin call. That would mean the trade was closed out because you ran out of margin. Did you have any other trades open in your account at the time?

Forex Contest FXCM in Contests Nov 12, 2014 at 02:18

Trading in gold (XAU/USD) has a daily break for 1 hour at 5pm New York time. To learn more about trading CFDs, visit the CFD Product Guide here: http://bit.ly/TppG9T

Forex Contest FXCM in Contests Nov 12, 2014 at 02:12

As mentioned in my post on the first page of this discussion thread, the MT4 charts still show our old pricing which includes our old markups: http://www.myfxbook.com/community/contests/forex-contest/840323,60#?pt=2&p=1&o=840323So while the bid price on the chart only went up to 114.674, the actual Bid price as seen in your Market Watch window (which reflect the raw FX spreads you can trade trade on) went up higher allowing you to sell at 114.679.

Forex Contest FXCM in Contests Nov 11, 2014 at 01:19

No problem. I'm glad that's cleared up. 😄This demo contest is a great opportunity to learn these features of the platform before trading live.

Forex Contest FXCM in Contests Nov 11, 2014 at 01:17

With $50,000 virtual balance in your demo account, the maximum trade size you can place varies from product to the next. Note that you can trade forex, stock indices, metals and energy products. Your contest demo account has the default margin requirements of a USD-denominated FXCM UK account regardless of where you live. You can view those margin requirements here: http://bit.ly/TppG9T

Forex Contest FXCM in Contests Nov 11, 2014 at 01:10

Just to clarify, there was a tech issue on this demo server specifically (other demo servers and live servers were not affected) that caused demo traders to have problems placing orders last week. That issue was fixed this past weekend. If such a tech issue affected live trading accounts, then our clients could file a trade inquiry to be reviewed by the Trade Services Team. If there was an error on our part that affected your live trades negatively, FXCM would make the appropriate correct to your live account.If you still find yourself receiving "Off Quotes" and "Invalid Prices&...

Forex Contest FXCM in Contests Nov 08, 2014 at 00:24

I apologize for the tech issues you have faced this past week. There has been a huge level of interest in FXCM's new pricing, so we are implementing solutions this weekend to balance this increased load across our demo servers. As a result, you should see greatly improved performance on the demo server being used for this trading contest going forward.

Forex Contest FXCM in Contests Nov 08, 2014 at 00:13

Hi Retronite,While you're right that the commission is charged once when you open and again when you close, your total transaction cost with FXCM's new pricing is still lower than with the old model, since you're trading on raw FX spreads with no markups added to the spread. See the examples below.http://i.imgur.com/veY7pcE.pngYou might also want to watch this video for further clarification on how this new raw FX spread pricing works: https://www.youtube.com/watch?v=r1JgoSaFlvs

Forex Contest FXCM in Contests Nov 06, 2014 at 22:55

Thanks sharing that suggestion, TonyAlso, for everyone who has encountered off quotes or invalid prices messages on your demo accounts, please note that these messages most likely mean the price that was available in the market to fill your order was outside your specified Maximum Deviation range. The "off quotes" message lets you know that the order was cancelled to protect you from negative slippage beyond your accepted tolerance.On the MT4 platforms of some brokers, the Maximum Deviation feature might not be available at all, and with others if it is available, then it can limit b...

Forex Contest FXCM in Contests Nov 06, 2014 at 22:16

Commissions are reflected as withdrawals on your FXCM MT4 account. Commissions are only charged on forex trades. That's because you're trading on our raw FX spreads with no markups. A separate commission is charged as your fee to FXCM for executing these forex trades.By contrast, there are no commissions with FXCM when you trade CFDs like gold (XAU/USD), because our markup is already built into the CFD spread. The reason the contestants you pointed out are showing no commissions (withdrawals) being charged is because they are trading gold, not forex.

Forex Contest FXCM in Contests Nov 06, 2014 at 22:02

Hi Huckleberry,When you say that you set your slippage to 40 pips, are you saying that you set your Maximum Deviation on MT4 to 400? Note that since FXCM quotes forex prices to one-tenth of one pip (AKA 5-digit pricing), 1 point on the Maximum Deviation is equivalent to 0.1 pips.

Forex Contest FXCM in Contests Nov 06, 2014 at 08:01

I apologize for the tech issue many of you faced earlier today on this demo server. As some of you have already confirmed, this issue is now resolved.

Forex Contest FXCM in Contests Nov 05, 2014 at 07:50

Hi Lagoda,When looking at your commissions, it's important to consider the size of the trade you placed. For example, in your screenshot, you traded 53.75 standard lots of USD/CAD. That's $5,375,000 worth of currency you traded. If you had traded only 1.00 standard lots or $100,000 worth of currency, then your commission for closing the trade would have been $6, instead of $322.50.Let's compare your total transaction costs under FXCM's new pricing with the old model.Under the new pricing, the typical raw FX spread for USD/CAD is 0.5 pips. If you traded 1.00 standard lots of USD...

Forex Contest FXCM in Contests Nov 05, 2014 at 07:48

Yes, you can use the MT4 mobile app for Android to trade your contest demo account.

Forex Contest FXCM in Contests Nov 05, 2014 at 07:47

There seems to be some confusion here. On FXCM's No Dealing Desk (NDD) forex price feed there are 10+ competing liquidity providers which include several of the largest banks in the world. To give you an idea of the proportion of total retail volume we represent, below is a table comparing our retail volume to that of other forex brokers. The numbers shown are in billions of dollars.http://i.imgur.com/bo7Nbgz.pngThe stats above are from the Forex Magnates industry report for Q4 2011. I would post something more recent, but that's the last report that's available to non-subscribers....

Forex Contest FXCM in Contests Nov 05, 2014 at 07:46

Hi Even89,Just to check that you can log into any accounts on MT4 server FXCM-USDDemo01, please go to File > Open an Account an try setting up a new non-contest demo on that server. If that lets you connect, then go to File > Login to Trade Account and try logging in with your contest demo login details.

Forex Contest FXCM in Contests Nov 05, 2014 at 07:46

Can you see your account in this list? http://www.myfxbook.com/contests/forex-contest-fxcm/25/competitors

Forex Contest FXCM in Contests Nov 05, 2014 at 07:46

Please confirm that you followed all the steps in these instructions: http://www.myfxbook.com/help/trading-station-publisher-wizardLet me know if you're still getting this error.

Forex Contest FXCM in Contests Nov 05, 2014 at 07:44

I haven't received such reports from others using the same MT4 demo server FXCM-USDDemo01. Our tech support team is available 24 hours a day by phone or live chat to help you troubleshoot your connection issues. For starters, if you are connecting wirelessly, please try connecting using a hard line for a more stable connection. If that doesn't work, you can contact our 24-hour live customer support using this link: http://bit.ly/1npGdbM

EURUSD	1.0939	GBPUSD	1.28769	AUDUSD	0.60178
USDJPY	146.954	USDCAD	1.42409	USDCHF	0.86085

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