FXCM Discussion | Page 108 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #2,141
  • Sep 28, 2011 6:17am Sep 28, 2011 6:17am
Quoting arasheed
Hi Jason Rogers!
Can you help How to capture screen or chart shot directly from MT4 platform?
I will be thankful if you can guide me in this regard

arasheed
HELP ??? what's that for?
Attached Image (click to enlarge)
Click to Enlarge Name: help.jpg Size: 533 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,142
  • Sep 28, 2011 6:47am Sep 28, 2011 6:47am
Quoting Erebus
HELP ??? what's that for?
I am seeking help for taking picture of chart along with Indicator window open on that cahart. How we can we do this?

Thanks
arasheed
  • #2,143
  • Sep 28, 2011 8:47am Sep 28, 2011 8:47am
anyone applied through this broker for autotrading?
{Promotion Removed}
  • #2,144
  • Sep 28, 2011 9:47am Sep 28, 2011 9:47am
Quoting arasheed
I am seeking help for taking picture of chart along with Indicator window open on that cahart. How we can we do this?

Thanks
arasheed
Right click on the screen, first option.

Hint: Experiment with different things, try to learn by yourself
Attached Image (click to enlarge)
Click to Enlarge Name: save_as_picture.jpg Size: 94 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,145
  • Sep 28, 2011 12:55pm Sep 28, 2011 12:55pm
Quoting nhen
I have another question, is there a way to get multiple monitors happening with Strategy Trader?
Hi Nhen,

Yes, you can detach charts by left clicking in the "box" button in the top-right corner.

http://i51.tinypic.com/2a85kx1.jpg


Quote
Can I also ask about the chart shift again?

Do you see the white squares that display below if you click on the candles or price action? From here, just left click again and drag left to increase the space on the right. Let me know if that works.

http://i53.tinypic.com/11kz6g3.jpg


For templates, did you try both recommendations I made about saving study templates and workspaces?

Thanks!


- Jason
  • #2,146
  • Sep 28, 2011 2:51pm Sep 28, 2011 2:51pm
Jason

Do you have any plans to start offering fx options .. ? thanks .
  • #2,147
  • Sep 29, 2011 11:00am Sep 29, 2011 11:00am
Due to some error execution they say they'll provide the adjustment and my balance will increase within 2-3 days. Today is the 4th day and I still don't see anything. Great efficiency FXCM...
  • #2,148
  • Sep 29, 2011 1:16pm Sep 29, 2011 1:16pm
Quoting liszt04
Due to some error execution they say they'll provide the adjustment and my balance will increase within 2-3 days. Today is the 4th day and I still don't see anything. Great efficiency FXCM...
Hi liszt04,

Can you email me at [email protected] with your account number so I can see look into this for you?

Thanks and I'll reply back as soon as possible.


- Jason
  • #2,149
  • Sep 29, 2011 1:35pm Sep 29, 2011 1:35pm
Quoting tar
Jason

Do you have any plans to start offering fx options .. ? thanks .
Hi Tar,

We used to offer FX options but they were discontinued a few years back. No plans to offer them again that I know of, but your suggestions are always welcome.

If you're looking for new trading products, something we introduced recently was the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR). You can learn more about USDOLLAR at http://www.fxcm.co.uk/usdollar-dow-j...dex-basket.jsp.


- Jason
  • #2,150
  • Sep 30, 2011 4:15am Sep 30, 2011 4:15am
Please tell me what are the benefits trading with you, a market maker, compared to an ECN broker?
  • #2,151
  • Sep 30, 2011 1:36pm Sep 30, 2011 1:36pm
Quoting PimpTrader
Please tell me what are the benefits trading with you, a market maker, compared to an ECN broker?
Thanks for the post.

FXCM is not a market maker. We use No Dealing Desk (NDD) forex execution, and I’ll explain in more detail how NDD works.

With FXCM’s NDD forex execution, we automatically take quotes from 10+ liquidity providers and display the best bid/ask price with our pip mark-up. This means that FXCM does not control the prices you see on the screen or where the market is moving. When a trader clicks on a price, they are actually clicking on a price from the bank with the best buy or sell price, plus our markup (which essentially acts as a commission). The order sent to FXCM is immediately executed back to back with one of multiple banks or financial institutions. Since every order is hedged one for one, any profit resulting from your trade is not a loss for FXCM and any loss resulting from your trade is not profit for FXCM. There is no conflict of interest between FXCM and our traders on NDD forex execution, but this may not be the case when you are trading with a dealing desk broker acting as the market maker.

A dealing desk broker, which acts as a market maker, may be trading against your position. If your broker is acting as the market maker for your transactions, then they are managing the risks associated with your trading positions. If they choose not to hedge that risk (meaning they choose to trade against their clients), then a loss on your trade could result in a profit for the brokers dealing desk. This presents a conflict of interest since it would then be in their best interest for you to lose. You're also trusting your brokers dealing desk to manage their risk to stay in business. When you start actively trading or trading profitably with a dealing desk broker, you may run into issues with requotes or delays in order execution like orders getting manually approved by a dealer. FXCM is not making the market for forex transactions therefore you can scalp, trade news, or trade any way you want without having to worry about requotes, dealer intervention, and no restrictions on how close you can place stops or limits to the current market price..

You can learn more about our NDD execution at our execution center page: http://www.fxcm.co.uk/forex-execution-center.jsp

If you have any other questions, then let me know!

Thanks,


Jason
  • #2,152
  • Oct 1, 2011 12:43am Oct 1, 2011 12:43am
Quoting Jason Rogers
Hi Nhen,

Yes, you can detach charts by left clicking in the "box" button in the top-right corner.

http://i51.tinypic.com/2a85kx1.jpg




Do you see the white squares that display below if you click on the candles or price action? From here, just left click again and drag left to increase the space on the right. Let me know if that works.

http://i53.tinypic.com/11kz6g3.jpg


For templates, did you try both recommendations I made about saving study templates and workspaces?

Thanks!


-...
OK great thanks mate. I have had no luck with trying to pull PA left, I can get the boxes displaying like you have there but price doesn't move when I drag it. Is there a 'lock' setting anywhere I need to release?

I saw your template post, I thought you were talking about marketscope not strategy trader though? Will give it a try.

THanks again
  • #2,153
  • Oct 1, 2011 7:56am Oct 1, 2011 7:56am
Quoting arasheed
Thank You AUD. It did work.Thanks again.
Now one more question if you can help?
I want to print the chart with Indicators List Window open, is it possible??

arasheed
on some computers press "ctrl + print screen" keys. Open windows paint click edit and paste then save to your computer.

on some computers it might be "Fn + Ins/prtSc".... open windows paint click edit and paste then save to your computer.

This will take a picture of the whole screen whatever you have open.
save as jpg for easier posting to the web.
  • #2,154
  • Oct 1, 2011 7:56am Oct 1, 2011 7:56am
The idea that FXCM is a market maker is not true,
I don't understand where people get this idea from?
I have a live acount with FXCM and I can confirm they do not trade against you,
I have not seen even 1! re-quote during all the time I had the acount.
Im writing this because I think they are a great broker.
and that the general (MM trade against you idea) simply is wrong,
spread by jelous small brokers and bad traders lost their money.
in my view, you guys can't go wrong with FXCM
Bulls are stupid Animals!especially when Im short!
  • #2,155
  • Oct 1, 2011 8:06am Oct 1, 2011 8:06am
Quoting roughtrader
The idea that FXCM is a market maker is not true,
I don't understand where people get this idea from?
I have a live acount with FXCM and I can confirm they do not trade against you,
I have not seen even 1! re-quote during all the time I had the acount.
Im writing this because I think they are a great broker.
and that the general (MM trade against you idea) simply is wrong,
spread by jelous small brokers and bad traders lost their money.
in my view, you guys can't go wrong with FXCM

There is plenty of proof they are dishonest... but it takes a $2 mil fine for them to admit it. Ironic isn't it?

LINK
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm_fine.jpg Size: 66 KB
  • #2,156
  • Oct 2, 2011 7:16am Oct 2, 2011 7:16am
yeah thats ironic,
and Im really sorry to have brought up this,
that was not my intention at all.
I read about this thing before,
but you can bet your socks that every single fx broker pull some trix,
where there is money to be made there will be temptation and those who take advantage,
thats human nature, no matter where it happends.
but inspite of this, I still like FXCM more than ANY other broker,
I tell you why,
I KNOW that every single FX broker try to take advantage of their clients,
but FXCM are listed at NYSE now and by that they have many eyes watching,
it would be hard for them to pull this off again in the future,
and I really doubt they would even think of it.
everyone can change,
they made a misstake and corrected it.
so amongst all the fx brokers avalible out there for the small trader,
FXCM is the safest bet in my mind
just because there is so many eyes watching.
and because they are so well capitalized and they pay out.
what other fx broker is listed in NYSE? none
lets leave it at that
Bulls are stupid Animals!especially when Im short!
  • #2,157
  • Oct 2, 2011 8:11am Oct 2, 2011 8:11am
Quoting roughtrader
thats human nature, no matter where it happends.
but inspite of this, I still like FXCM more than ANY other broker,
I tell you why,
I KNOW that every single FX broker try to take advantage of their clients,
but FXCM are listed at NYSE now and by that they have many eyes watching,

yes, and it will now be your human nature that when you have a bad losing streak that you will start to question if fxcm might be playing a role in your demise.

You say they are well capitalized... and for sure they are. But in order to be well capitalized you have to make money. I can easily point you to FXCM quarterly statements to the NFA that shows the number of profitable accounts to the number of losing accounts.

It's only a matter of time before you become a target. That's how fxcm has always rolled / how they built their empire of vast wealth. Being listed on the NYSE is only a way for them to pull more people into a "house of cards" mentality.

Refco would be a primary example. It doesn't bother me if you stay with FXCM that is not the point. There are plenty brokers that could be worse than FXCM, the last thing I would do is turn a blind eye to them being that you know what they are capable of. Pinning all your hopes and aspirations on a NYSE listing is like putting all your investment capital with Lehman bros the day before they imploded.

Think about it in those terms and you'll see what I mean more clearly. When you see a house with black smoke you know fire is not to far behind, but when you find evidence of robbery you turn a blind eye? What better way to find trouble bud.
  • #2,158
  • Oct 3, 2011 1:19pm Oct 3, 2011 1:19pm
Forex Capital Markets LLC Ordered to Pay More Than $14.2 Million to Settle CFTC Charges Relating to Its Failure to Supervise Customer Accounts

http://www.cftc.gov/PressRoom/PressReleases/pr6119-11
I'm not insane; my mother had me tested.
  • #2,159
  • Oct 3, 2011 1:26pm Oct 3, 2011 1:26pm
Quoting RoBiK
Forex Capital Markets LLC Ordered to Pay More Than $14.2 Million to Settle CFTC Charges Relating to Its Failure to Supervise Customer Accounts
Hi RoBiK,

The settlement between FXCM and the CFTC was anticipated and previously disclosed on August 11, 2011, during FXCM’s Second Quarter Earnings Conference Call. At that time, the company established a reserve of $16 million in anticipation of the fines associated with the CFTC ($6 million) and the NFA ($2 million) settlements as well as restitution ($8,261,937) credited to affected clients. To date, the NFA fine has been paid and restitution to affected clients has been credited. The NFA and CFTC fines as well as restitution are all covered under that reserve, resulting in no negative impact to the net income of FXCM Inc.

Our full statement can be found here FXCM US Reaches Settlement with the CFTC for $6 Million

-Jason
  • #2,160
  • Oct 3, 2011 9:22pm Oct 3, 2011 9:22pm
Quoting Jason Rogers
Hi RoBiK,

The settlement between FXCM and the CFTC was anticipated and previously disclosed on August 11, 2011, during FXCM’s Second Quarter Earnings Conference Call. At that time, the company established a reserve of $16 million in anticipation of the fines associated with the CFTC ($6 million) and the NFA ($2 million) settlements as well as restitution ($8,261,937) credited to affected clients. To date, the NFA fine has been paid and restitution to affected clients has been credited. The NFA and CFTC fines as well as restitution are all covered...
if only you guys would tighten the spread you would have most peoples business, the spread is one of the biggest in the biz, i understand you have a business to run but spread is way too big
11 traders viewing now