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  • #481
  • Dec 27, 2008 1:43pm Dec 27, 2008 1:43pm
Quoting aithin
.....Secondly, I haven't been able to set up multiple profit targets per order in the demo account ... is this possible? (for example I am long 3 micro lots (3000) and I want to set an order to sell 1 lot at a certain PT, then 1 lot at another PT, and let the final lot run ...)


Thanks
I would think that if you cannot do it on the demo platform then you will not be able to do it on the 'real' platform. With FXCM I expect you would have to open 3 positions with different TP figures. With some other brokers you can simply place an entry order in the opposite direction which will cancel a part of the original trade.
Minesweeper target: 284
  • #482
  • Dec 28, 2008 8:59am Dec 28, 2008 8:59am
Thanks Primate ... I had thought of opening positions against my main position (kinda like hedging, only for a different purpose) then closing them all when I hit my final PL.

However, your idea of simply opening 3 positions is a much better idea!

Thanks again for the input

(oh and as a side note ... apparently TradeStation does have a mini sized account, they just don't advertise it very much. So I am going to give it a shot remaining with TradeStation.)


Travis
  • #483
  • Dec 29, 2008 3:32pm Dec 29, 2008 3:32pm
Quoting cka6c
I have two suggestions.

1)Dont open an account with just one broker.
2)Find some decent ones. I use OandA and MGforex.

Times are hard, and you always need to be safe. I have looked into a lot of brokers, but I found these two to be the best in the market.
I agree with you, it is a good way to save your a** in case your trade go against you. I also use different accounts on different broker, in my case the ones I've found better are Alpari and Tradeview. Excellent charting and fast execution, all that I need.
  • #484
  • Jan 7, 2009 6:43am Jan 7, 2009 6:43am
having more than one broker is a must.
  • #485
  • Jan 7, 2009 9:36am Jan 7, 2009 9:36am
Quoting cka6c
I have two suggestions.

1)Dont open an account with just one broker.
2)Find some decent ones. I use OandA and MGforex.

Times are hard, and you always need to be safe. I have looked into a lot of brokers, but I found these two to be the best in the market.

More than one live account?
That would be interesting. But I think it's a lot of work. You wouldn't have time to check them all. Wouldn't be better to open a big account with one single good broker?
I do have demo accounts from different brokers like Tradeview, Oanda, Alpari and E-Toro. But I'll plan to get just one real account.
Anyhow this threat is really informative. I will stay away from FXCM.
Life is a party!!! will you seat or will you dance?
  • #486
  • Jan 8, 2009 2:45am Jan 8, 2009 2:45am
I have a live account with Oanda, FXCM and one in the works with FXDD (boy, are they slooooow at processing new accounts, even after having had my account approved and set up way before Christmas and sending multiple email enquiries about it, up to now it still is not activated....).

I prefer Oanda over the others, but alas can't use MT4 with Oanda. It would be nice if some glue code would interface MT4 to the Oanda API....
  • #487
  • Jan 8, 2009 6:54am Jan 8, 2009 6:54am
Hi,
does anybody here use FXCN
do their trailing stops continue to operate when your
PC is offline - they suggest they do.
Any other comments about them as a suitable broker
Cheers
  • #488
  • Jan 24, 2009 10:10am Jan 24, 2009 10:10am
One of my accounts is with FXCM. I am on their "gold" list and receive at least 5 emails a day with market info and analysis. For the last 4 weeks, those emails have been saying 1 thing consistently:
"USD stinks, Euro is better, buy E/U".
Well, not those words exactly, but you get the point. Anyone following that advice over the last 4 weeks has had their A$$ handed to them! How can professionals that are well paid with a world of rescources at their fingertips continue to be so wrong and offer so much bad advice? They are either 1)intentionally misleading their customers, or 2)just plain incompentent. How anyone could look at a daily chart of E/U and come up with anything other than "sell rallies" for small retail investors is beyond me. I have not seen that advice from them 1 time, not even a mention! Yes, they will be right one day and Euro will strengthen, but I doubt that most of their customers can wait around for months or withstand a 10,000 pip draw down. I trade occasionally on their platform and have had only a few small problems, but their analysis team is bad.....beware!
  • #489
  • Jan 24, 2009 10:48am Jan 24, 2009 10:48am
I wouldn't trust any brokers news/trading signals. The way I see it, the whole market is agains you. Its best for retail traders to use independent, reliable news sources with no hidden agendas. The free sources need your eyes to view ads placed throughout theiir site. Paid sources needs you to pay a somewhat high premium to access info. Indiependent paid and free news sources agenda is money. They produce, as acurate as possible, information in hope your will continue to use their services. Market Makers/brokers publishes free info in hope you will lose against them, because they trade against you. From MM, it boils down to: You fail, They profits.

I use pretty much any open source info as possible, such as, Yahoo, Reuters, WSJ, NYTimes, (Bloomberg and CNBC - not as much, feel their info is usually one sided.) Websites such as http://www.tradingmarkets.com/ and http://www.fxstreet.com offers good info and analysis. I trade mostly E/U and find FXstreet - http://www.fxstreet.com/technical/cu...spx?id=EUR/USD updated every 15 minutes (based on the 15 min chart) and is chocked full up info about E/U, such as MA bullish/Bearish, S/R and Pivot Levels, candlestick formations, bank recommendations, etc.
  • #490
  • Jan 24, 2009 11:15am Jan 24, 2009 11:15am
I'm long $ short € from the 29/12/08
http://www.forexfactory.com/attachme...1&d=1232808445

But i'm expecting a reversal (only market will say when)

The multi trillion $ that the FED has printed out will one day or the other impact heavily the $ and €$ might go back to 1.6 and above.

Just wait for the market to realise how valueless is the $...
  • #491
  • Jan 24, 2009 11:15am Jan 24, 2009 11:15am
Taking trade advice from your bucket shop broker is like having a boiler room salesman as your 'independent' financial advisor. Better to ignore it completely, in fact anyone else's trade advice is likely to mislead you or dissuade you, especially the so called experts if you respect their opinion. Of course, respect for financial advice only ever exists in the short term, as I am sure anyone who paid heed to those FXCM emails has found out.
  • #492
  • Jan 24, 2009 12:08pm Jan 24, 2009 12:08pm
why would anyone enter a trade listening to someone else analysis at all, bucketshop or not, that is totally irrelevant, you should be making your own analysis and trades not some other guy, somewhere in time, in some distant space
  • #493
  • Edited 7:43pm Jan 24, 2009 12:45pm | Edited 7:43pm
Quoting arthurb
why would anyone enter a trade listening to someone else analysis at all, bucketshop or not, that is totally irrelevant, you should be making your own analysis and trades not some other guy, somewhere in time, in some distant space
I agree, but there are different shades of bullshit. A bucket shop profits when you make trades that lose and are dissuaded from taking winning trades, so it follows that they are more likely to give out misleading information than an ECN that profits when you trade regardless of the result. ECN's don't pick up commissions from blown accounts either so they should want you to succeed. In any case, it is purely academic and I'd put it all in the bin where it belongs.
  • #494
  • Jan 24, 2009 5:49pm Jan 24, 2009 5:49pm
Quoting birdt
Taking trade advice from your bucket shop broker is like having a boiler room salesman as your 'independent' financial advisor. Better to ignore it completely, in fact anyone else's trade advice is likely to mislead you or dissuade you, especially the so called experts if you respect their opinion. Of course, respect for financial advice only ever exists in the short term, as I am sure anyone who paid heed to those FXCM emails has found out.
I seldom make trades with FXCM, and the account is really there for back up. It just infuriates me that they keep pumping out bad information to their customers. All their email titles are like: "Euro Reversal?" or "Dollar Running Out of Steam?" for weeks on end...all the while Euro longs are having their hat handed to them. Dishonest or Incompentent, I don't know which is worse, or which is more scary!
  • #495
  • Jan 25, 2009 12:08am Jan 25, 2009 12:08am
Lesson learned...don't trade advice.
  • #496
  • Jan 28, 2009 7:46pm Jan 28, 2009 7:46pm
IF Forex Gurus Trade Advices were accurate (at least better than 50% accurate), they would rather be trading their own advice than giving them out.
  • #497
  • Jan 30, 2009 9:34pm Jan 30, 2009 9:34pm
FXCM rules! I cant wait to RE-FUND my losing account-for the 57th time! Not only are their Experts not Trading Experts-they aren't even old enough to enjoy a Beer! I also stopped Trading with companies that have Managment that reads like a Russian Mafia movie trailer. If I'm being screwed-I want it to be by my fellow Americans! My forex Brokerage will be called NOTFXCM!
FF = Forex Faggots
  • #498
  • Jan 31, 2009 6:14am Jan 31, 2009 6:14am
Is anyone else getting a laugh from the analysts who are calling the end of this recession? It doesn't matter when they say it's going to be over, it's the fact that they're predicting when. These are the same people who didn't see the fall coming, nor how deep it was going to be. Yet, here they are telling us when it's going to end.

It's an absolutely priceless lesson for those paying attention.
  • #499
  • Feb 2, 2009 9:09am Feb 2, 2009 9:09am
Quoting FX-Petra
One of my accounts is with FXCM....
hey if thats the case just go the other way of the suggested trade...tat would put u in the black!
  • #500
  • Feb 5, 2009 5:40am Feb 5, 2009 5:40am
i just opened an live account recently w micro fxcm and there is something strange : the live account spreads much tighter than the one at the demo !! what is this ? is it a joke check the picture ( live account platform is under the demo one ) , i watch it the last few days there is consistant diffrence example : cable live spread = demo spread -1.2 pip
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