jasonrogers's Posts

The US disables the FXCM broker. in General Mar 22, 2017 at 07:45

Hi mlawson,You will notice that most trading volume at most brokers was down in February and FXCM was no exception. Trading volume tends to follow market volatility, and the forex market in February was generally low volatility.Jason

The US disables the FXCM broker. in General Mar 22, 2017 at 07:45

Hi grtrader,While FXCM has withdrawn from business in the US, there are no changes to traders doing business with FXCM companies outside the US. With the exit, FXCM will be in a better position to service our international customers and focus on our profitable subsidiaries. Jason

Honest truth about forex..... in New Traders Feb 14, 2017 at 08:53

Hi Everyone,While I can't comment on the NFA or CFTC complaint specifically due to the nature of our settlement, I can say that we have settled with the NFA and CFTC without admitting or denying any of their allegations or claims. I can also say that Effex Capital is no longer pricing FXCM's NDD forex price feed. It's worth noting that FXCM would not have suffered more than $200 millon dollars in losses during the SNB flash crash had it been taking the other side of client trades – unlike so many of the DD firms in the industry.Part of our settlement with the NFA and CFTC was...

Looking to mirror successful trader/signal provider... in New Traders Dec 08, 2016 at 07:36

Welcome to the forum, Dashurik :)While I can't recommend a specific signal provider to you, I can tell you a bit about the approach I personally use for selecting signal providers.If you've tried a demo of the Mirror Trader platform, you have noticed it's possible to search for signal providers AKA strategies based on a variety of filters. In the past, I have tested strategies based RAR (Risk Adjusted Return) and ROI (Return On Investment). After years of experience with Mirror Trader, I have settled on T-Score as my favorite filter even though the exact formula is kept private as ...

Honest truth about forex..... in New Traders Dec 07, 2016 at 07:55

Thanks for your reply, @c3po I would like to address your concerns. Could you provide an example of a time when you believe this happened? We can look at what happened together.

Honest truth about forex..... in New Traders Dec 06, 2016 at 08:35

Unfortunately, there seems to be some confusion here @c3po What you have described is the normal spread widening that can occur when a major news event is announced. That's why you notice it happening before a major selloff. On our No Dealing Desk (NDD) forex execution model, FXCM takes the best bid price and the best ask price from our competing liquidity providers.https://assets.fxcm.com/responsive/img/pages/about/liquidity-providers/liquidity-providers-logo-group-desktop.jpgThe spreads you see are based on the spreads from these competing firms. During major news events, liquidity provi...

Honest truth about forex..... in New Traders Dec 06, 2016 at 08:34

As explained above, our DD price for Mini accounts differs from the NDD price for Standard accounts by a fixed amount (the pip markup). Since our DD price moves up and down in lockstep with our NDD price (something you can confirm for yourself by having demo or live accounts of each type open side by side) there is no question of us hunting stops on either execution model.Actually, it is c3po who has not proved his case regarding alleged stop hunting. I believe he is confused about how to take into account the bid-ask spread when he is in short position, which is why he thinks we are targeting...

Honest truth about forex..... in New Traders Nov 23, 2016 at 07:27

You make a great point, @Charles_F While trading is not for everyone, the opportunities do exist. FXCM's guide on the traits of successful traders explains how the minority who make money overall tend apply certain best practices which the majority ignore either due to lack of knowledge or discipline.For example, open nearly any book on trading and the advice is the same: Cut your losses early and let your profits run. When your trade goes against you, close it out—better to take a small loss early than a big loss later. But how many traders actually put this into practice?Historical...

Honest truth about forex..... in New Traders Nov 20, 2016 at 08:21

@c3po and @CliveCampbell, FXCM does not hunt stops.For Standard accounts (5k minimum opening balance) and Active Trader accounts (25k minimum), we use No Dealing Desk (NDD) forex execution. That means each client order is offset one-for-one with the best prices from competing liquidity providers. Therefore, we don't profit from client losses or lose from client profits on the NDD model, and have no reason hunt stops.https://assets.fxcm.com/responsive/img/pages/about/liquidity-providers/liquidity-providers-figure-1-desktop.jpgFurthermore, it's worth noting that we use the same base pric...

AlgoTradeSoft | Innovative EA | FXCM in Trading Systems Oct 25, 2016 at 22:03

It's my pleasure @TradALot 😄 Thanks for the update!

AlgoTradeSoft | Innovative EA | FXCM in Trading Systems Oct 19, 2016 at 23:15

@TradALot it seems like when you added your FXCM account to your Myfxbook porfolio, you selected MetaTrader 4 as your platform. Even if you use the MT4 platform to run your EA, you must add your FXCM account to your Myfxbook portfolio by selecting Trading Station as your platform. This will load your account history from FXCM's back office properly including commissions. 😄

Forex Contest FXCM in Contests Jul 01, 2016 at 21:32

@Edwardm as TheGMan said, FXCM implemented a solution for MT4 charts.If you are using Trading Station, then the spreads you see on your charts will depend on your account type: Mini or Standard. However, if you are using MT4, then the spreads you see on your charts will depend on the MT4 server to which you are connected. While the charts on some of our MT4 servers reflect the raw FX spreads available to Standard accounts, the FX charts on our other MT4 servers reflect the all-inclusive spreads (with no separate commissions) available to Mini accounts.If you complete the form below, we can swi...

Forex Contest FXCM in Contests Jul 01, 2016 at 21:21

@jamesu the last FXCM contest here on Myfxbook was Nov-Dec 2014.

FXCM Demo in Trading Systems May 31, 2016 at 18:08

Hi Damian, @d1234 Did you use Trading Station Publisher to add your FXCM account to your Myfxbook portfolio?

KeltnerPRO - Jared in Trading Systems May 24, 2016 at 20:38

@ckdorgay you seem to blame FXCM for your trade not going through during the EUR/CHF flash crash of January 2015.In fact, that was due to the extreme market dysfunction resulting from the SNB's irresponsible and unforeseen announcement to completely remove the 1.2000 CHF floor. Note that you were trading on FXCM's No Dealing Desk (NDD) forex execution where each of your orders is individually offset with the best prices from competing liquidity providers: http://bit.ly/1mbpmtHOn our NDD model, we do not profit from your losses, or lose from your profits. Therefore, FXCM wants all your ...

Show your profitable account here. in General Mar 14, 2016 at 21:56

@FxMasterGuruOn our No Dealing Desk (NDD) forex execution, FXCM offsets each of your orders one-for-one with the best prices from competing liquidity providers. That means we don't profit from your losses or lose from your profits. Instead, FXCM profits from your volume by charging a commission on each trade you place. That means we want you to be profitable so you will trade more, and we welcome scalping EAs.

I couldn't link my MT4 FXCM markets account to Myfxbook in New Traders Dec 08, 2015 at 18:13

@meoden your FXCM MT4 account login details also give you access to Trading Station. You should be able to add your MT4 account to your Myfxbook portfolio, if you select Trading Station as the platform instead of MT4.

Forex Excidus™ v2.2 in Trading Systems Oct 29, 2015 at 22:41

Here's more info for those who are interested.On January 15, 2015, the Swiss National Bank (SNB) caused a flash crash that lead to historic dysfunction never seen before in the FX markets when it announced that it was completely (not gradually) removing the 1.2000 self-imposed floor on the EUR/CHF exchange rate: http://www.reuters.com/article/2015/03/12/idUSnHUGVGJlx+fc+ONE20150312Below is an excerpt from a Q&A our CEO Drew Niv held with Finance Magnates about what happened:____________________________________________________* What happened on January 15th after the SNB announcemen...

Forex Excidus™ v2.2 in Trading Systems Oct 29, 2015 at 22:39

@ForexZii do you mean to say that you do not currently have a live account with FXCM? Were you trading on a demo account when you received the "off quotes" message? If so, that only confirms that the reason for the message is as I described in my previous post and not for the reasons you suggest.

Forex Excidus™ v2.2 in Trading Systems Oct 29, 2015 at 22:36

@ForexZii you have misinterpreted the "off quotes" message you received on our MT4 platform. For the record, FXCM offers you No Dealing Desk (NDD) forex execution. There is an important distinction between re-quotes that can occur with other brokers, and the "off quotes" message you encountered with us.Re-quotes occur at other brokers when a trader makes an order for a specified price, but the order is manually rejected by the broker's dealing desk. This is done because filling the order at the original price would mean a loss for their dealing desk. The dealer sends a ...

EURUSD	1.04085	GBPUSD	1.23165	AUDUSD	0.62748
USDJPY	156.377	USDCAD	1.4389	USDCHF	0.90606

Posts by jasonrogers