hi 8 fingers, How is FIFO going to affect MT4? I'm afraid I won't be much help there. FXCM has decided not to offer MT4 through FXCM US anymore. We will only be offering MT4 through FXCM UK due to the FIFO rules. The OCO functionality only applies ...

NFA - "No more Limit or Stop Loss orders"

denverdude is correct. -Jason

NFA - "No more Limit or Stop Loss orders"

Hi Attila, Thanks for the questions. While the NFA asks for "input" from forex dealer members on proposed rules, it's the NFA and CFTC's decision regardless of how many objections there may be. FXCM outlined our opinion as tactfully as possible by ...

NFA - "No more Limit or Stop Loss orders"

Hi Madmax, Stops and limit orders will not be available on individual tickets since FIFO rules have to be followed; therefore, OCO orders need to be used instead. FXCM traders can either stay with FXCM US and use OCO orders, or move to FXCM UK and ...

NFA - "No more Limit or Stop Loss orders"

hi codeman, The spread is only paid once in your example case. You would only be paying the spread if a new position were created. It's the same scenario as if your trade were closed directly with a stop/limit order or close position order directly. ...

NFA - "No more Limit or Stop Loss orders"

hi triphop, I sincerely appreciate the post and I am relaying all sentiments back to our management. While the intention was not to scare people, we do want to make a VERY strong statement that Stops/Limits are being removed and the actions that ...

NFA - "No more Limit or Stop Loss orders"

Hi MadMax, You have never experienced FIFO previously because you had hedging enabled. If you have hedging enabled, then positions will not net. If you disable hedging (which was done after being banned by the NFA) then market orders in opposing ...

NFA - "No more Limit or Stop Loss orders"

hi Ghostman, While in my opinion there is a lot of mis-information being spread, I'm here to clarify the facts since I know there will be a lot of speculation instead of asking FXCM directly. This is especially true when statements are taken out of ...

NFA - "No more Limit or Stop Loss orders"

Please read to entire press release to understand why Stops/Limits are being removed. url Taken out of context, I can see why it would be alarming but please read the entire release sent to FXCM traders. 1) Stops/Limits are being removed because ...

NFA New Rule Not allowing stop and limit orders

hi Madmax, FIFO rules have not been implemented yet. The FX Trade Station has always worked under FIFO principles whenever netting out positions using market orders. Jason

NFA - "No more Limit or Stop Loss orders"

Please read the entire press release to get full explanation as to why stops/limits are being removed, and that OCO orders are being implemented instead. Taken out of context, I could see how it would be alarming. url [/URL] Traders can stay with ...

NFA - "No more Limit or Stop Loss orders"

Hi Madmax, The withdrawal charges are the same for FXCM UK. -Jason

NFA - "No more Limit or Stop Loss orders"

Hi Snow and all, While stops and limits on individual tickets will not be allowed, FXCM will be releasing an update to the FX Trade Station II the weekend of August 1 that will add OCO orders to the platform. That way you can still manage the risk ...

NFA - "No more Limit or Stop Loss orders"

good morning all and happy nfp. Target reached overnight and flat before NFP. Feel free to join in on pre-NFP dicussion url

EURUSD

Pre-NFP highlight from Bloomberg: "Economists’ forecasts for payroll declines ranged from 150,000 to 500,000. Job losses peaked at 741,000 in January, the most since 1949. By the end of the year, unemployment will reach 10 percent, according to the ...

Who trades the NOK, SEK, DKK

Short term bearish as well, but aiming for 1.6375 middle of the range. Don't think we'll see any major moves before ECB decision / NFP tomorrow. Also feel free to add to the NFP thread and vote on tomorrow's number. url

Cable Update (GBPUSD)

I would say if we get close to 1.50 again, but I'm short eur/chf at 1.5243, just looking for it to reach 1.5200, so close.

EUR/CHF

Channel on the 1 hour chart. Holding a short position down to support. Add your input to the NFP discussion. url

EURUSD

Here's a strategy piece for trading NFP tomorrow

Who trades the NOK, SEK, DKK

Curious as to why your opinion on why India won't have the same oil thorn as China? Are you thinking they'll start to use other resources as means of energy? Also visit tomorrow's NFP thread url

EURUSD