Guys, are any of you seeing the UK100 swing wildly on the FXCM platform? This seems to be a major glitch considering the market is closed.

FXCM Discussion

My stop on my first Silver long got wiped out today, just gonna let the other trade ride and see where it goes. Gold is holding it's ground but Silver has been getting whupped like a ginger step child. Strange times since most currencies are bearish ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Sounds like you are trying to trade for an income. Here is the deal. Trying to make 10% - 20% per month will most likely cause you to over trade to try and hit the target. Take your targets and flush them down the toilet. Develop a method that when ...

Earning 10-20% per month on 10k capital: Realistic?

If we can get get a bounce at the range between $1280 and $1300 we could see an inverted head and shoulders playout.

Only Gold!

Thanks for the reply Jason and JTattheRanch. Another quick question. Does FXCM have any plans or have you guys considered adding the ability to spread bet equities in the same manner as other companies such as ETX Capital?

FXCM Discussion

Hi Jason, I have a question about funds. My account so far has been funded via a Debit Card that is due to expire soon. I see that it is company policy to only withdraw funds to the same card used for deposit or arrange a bank wire. If I do not ...

FXCM Discussion

Must admit I am not happy with this move. My Sl got hit for a +6.5% profit when it rallied back up to $1212. I'll be waiting and looking for another entry point. $1220 - $1225 is good resistance.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Gold is not a Long trade until we test $1050 and bounce IMO. I am Short until then, just keep moving the stop loss after every big dip.

Only Gold!

It's not just about math, it's psychology. People want to trade to make good money and almost everyone I have spoken to trading a small account take on positions too large. The "get rich quick" mentality kicks in for many.

There is no Holy Grail

If a larger account does not put the probability of success higher than that of a small account, how come Brokers do not offer demo accounts with a $2000 starting pot? Answer is msot people would blow the sum very fast and get a negative impression ...

There is no Holy Grail

Oh dear... Without being insulting, you need to do some serious research on exchange rates, Forex and trading in general I suspect. Babypips is a good site to get started as is investopedia.

Which brokers pay the best pip-to-dollar ratio?

It's slippage, it happens to everyone now and then. I accommodate for slippage by being a bit more conservative with my SL and TP orders. In the past I have always had SL executed late by slippage, 2 - 3 pips normally and so I place my SL usually 2 ...

SL executed below quote

I don't see how I can use any kind of money management system to support this type of trading to be honest. The real success of Forex I have discovered is account size. Let's say you need $2000 per month to support your lifestyle. To do that with a ...

10 pips a day can make you rich quickly

Thanks Jason, much appreciated.

FXCM Discussion

Hi there, I have a question regarding deposits and withdrawals. I am a UK trader and have funded my account via my Debit card. I see there is a limit of £10K on transactions via debit card. Hypothetical question here. Let's say I have an astounding ...

FXCM Discussion

Cheers. I will go ahead then and order some new gear this week.

Going Multi-Screen

Basically it's cheaper. I have nobody to move out with so I would have to pay everything and that I have estimated will cost me around an extra £400 per month when you add everything up. Like I said earler though, despite this I am strongly ...

Trading and Family Conflicts