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  • #881
  • Mar 30, 2010 9:21pm Mar 30, 2010 9:21pm
Quoting BarrySDCA
there you go again Jason. You are not giving away a virtual private server. You are giving away shared access to a windows server. I am not sure you understand the difference but it is profound. You are putting at least two traders on the same (real) vps. That is you are running at least two traders in the same OS instance. This is most definitely NOT a private server. You should not confuse the two.

If each trader had their own isolated OS instance then they would also have their own file system, Administrative access and nearly zero chance of...
You seem to know what you are talking about my friend.......but Thats the problem

I'm really getting tired of being spanked by the "wanna be" here in this forum, because at the end of the day, retail traders love sweet little lies.

Anyways keep on the good work.
  • #882
  • Mar 30, 2010 10:06pm Mar 30, 2010 10:06pm
if you don't like the service your getting from your broker then find another broker, simple as that.
  • #883
  • Edited Mar 31, 2010 8:42am Mar 30, 2010 10:40pm | Edited Mar 31, 2010 8:42am
Quoting Platypus
You seem to know what you are talking about my friend.......but Thats the problem

I'm really getting tired of being spanked by the "wanna be" here in this forum, because at the end of the day, retail traders love sweet little lies.

Anyways keep on the good work.
You mean in the ad from FXCM that said "trading the euro is easy" or the current one
"spreads as low as 1 pip" that they were lying? shucks! You ruined by day
  • #884
  • Mar 31, 2010 1:31am Mar 31, 2010 1:31am
"spreads as low as 1 pip"
ROFL

how about "95% of our clients lose money and we ensure that continues with wide spreads" oh sorry i meant... " we want profitable traders "
  • #885
  • Mar 31, 2010 9:06am Mar 31, 2010 9:06am

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  3. No Commissions,* Tight Spreads
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About FXCM:
Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk† forex trading. FXCM Clients have Direct Market Access to some of the world's largest forex liquidity providers; enabling FXCM to offer clients spreads as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product offers no requote trading and allows traders to trade oil, gold, silver and stock indices, along with forex, on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.
* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader. For additional information, click here.
† Please note, FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.
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  • #886
  • Mar 31, 2010 9:13am Mar 31, 2010 9:13am
Jason have you consider to replace increment of spreads in micro and standard accounts for comissions? I prefer to have the spread data feed directly from your banks and pay a comission for each trade than have wide spreads.
  • #887
  • Mar 31, 2010 10:16am Mar 31, 2010 10:16am
Quoting Trad3r
Jason have you consider to replace increment of spreads in micro and standard accounts for comissions? I prefer to have the spread data feed directly from your banks and pay a comission for each trade than have wide spreads.
Hi Trad3r,

To my knowledge, it has not been considered. The only account type we have at the moment with this option is Active Trader. But I will include your request with the feedback I send to our management team.

-Jason
  • #888
  • Apr 1, 2010 9:21am Apr 1, 2010 9:21am
Join FXCM at the Rio in Las Vegas, May 3–4, 2010, for a two-day Currency Trading Extravaganza

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- Introduction to FXCM and the Forex Markets: Sean will discuss pips, lots, and the advantages of the forex market over the stock market.

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You can register and view the complete workshop schedule and speakers list at: http://clk.atdmt.com/FXM/go/207215842/direct/01/

About FXCM Holdings LLC

Forex Capital Markets (FXCM) is a leading global forex broker that caters to both retail and institutional markets. Founded in 1999, FXCM is one of the largest brokers, regulated by several of the world’s most respected financial authorities.

At the heart of FXCM’s client offering is No Dealing Desk* forex trading, Clients have Direct Market Access to some of the world's largest forex liquidity providers, enabling FXCM to offer clients spread as low as 1 pip on major crosses. Clients also have the benefits of mobile trading, one-click order execution and trading from real-time charts. FXCM’s CFD product† offers no requite trading and allows traders to trade oil, gold, silver and stock indices, along with forex on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading, and provides free news and research through DailyFX.com.

*Please note that FXCM Micro, in its discretion, may or may not offset individual transactions unlike transactions in most FXCM Standard accounts.

†MetaTrader 4 and CFD accounts are available through Forex Capital Markets Ltd.


Risk Disclaimer: Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors read full disclosure.
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm expo.JPG Size: 27 KB
  • #889
  • Apr 1, 2010 1:28pm Apr 1, 2010 1:28pm
FYI: FXCM's trading hours Friday through Monday for the Easter Holiday period will remain the same. So trading closes on Friday April 2nd at 4:00pm EDT and will resume on Sunday April 4th at 5:15pm EDT.

Also, tomorrow is NFP. As if NFP were not volatile enough, tomorrow is also Good Friday, a public holiday in many countries. Lower liquidity than normal due to the holiday could increase volatility. Be careful!

-Jason
  • #890
  • Apr 1, 2010 3:36pm Apr 1, 2010 3:36pm
If I quote somebody do they get the message? Anyways, Platypus, I've been trolling about for information and found quite a few of your comments here in the FXCM forum. What do you know of the so-called active trader ECN? Is it also as you describe here?

thanks...

Quoting Platypus
So....since Mr Jason stated and admitted that NDD, dealing desk or whatever be......... FXCM will be your counter party, the MM or bucket shop model is confirmed.

They will probably change their relationship with the banks technically from serial to parallel ( gimmick ) using the retailer as point of reference, but all stays the same. Big chunk of losers will feed the few and scarce winners. If things overflow they hedge on their liquidity pals and as they say " let your profits run, cut your losses" cause they are ours anyways.

Lets...
  • #891
  • Apr 1, 2010 8:22pm Apr 1, 2010 8:22pm
Quoting Syxf
If I quote somebody do they get the message? Anyways, Platypus, I've been trolling about for information and found quite a few of your comments here in the FXCM forum. What do you know of the so-called active trader ECN? Is it also as you describe here?

thanks...
ECNs are all high end bucket shops. Banks are banks brokers are brokers ( does not matter what ever esoteric name they name themselves).


If you trade through a bank you trade through a bank if you don't have enough money you have to go with a broker, passive ,active or whatever name they give it does not matter you are trading in a bucket.

If you trade the right way 20 pips spread and the worst bucket shop can't get you, if you scalp, hedge,trade news, or do any other kind of gamble like this, nothing can save you long term.

It is as simple as that
  • #892
  • Apr 2, 2010 9:12am Apr 2, 2010 9:12am
Quoting Jason Rogers
FYI: FXCM's trading hours Friday through Monday for the Easter Holiday period will remain the same. So trading closes on Friday April 2nd at 4:00pm EDT and will resume on Sunday April 4th at 5:15pm EDT.

Also, tomorrow is NFP. As if NFP were not volatile enough, tomorrow is also Good Friday, a public holiday in many countries. Lower liquidity than normal due to the holiday could increase volatility. Be careful!

-Jason
Today FXCM works as usual is a good point comparing to other brokers.
  • #893
  • Apr 2, 2010 9:58am Apr 2, 2010 9:58am
Did FXCM recently jack up the spreads on the micro accounts. I could have sworn they were advertising that they would be lowering spreads a while back.

maybe I am wrong..............
  • #894
  • Apr 2, 2010 10:36am Apr 2, 2010 10:36am
Quoting razorboy
Did FXCM recently jack up the spreads on the micro accounts. I could have sworn they were advertising that they would be lowering spreads a while back.

maybe I am wrong..............
Hi razorboy,

FXCM Micro is preparing to switch to No Dealing Desk execution for all micro accounts. To do this, all micro account spreads are now the same as standard account NDD spreads. The FXCM Micro has more details along with FAQ http://www.forexmicrolot.com/ltd-spreads.jsp

For lower spreads resulting in a lower transaction cost, the Active Trader Program is available. Please let me know if you have any additional questions.

-Jason
  • #895
  • Apr 2, 2010 12:54pm Apr 2, 2010 12:54pm
thanks for the follow up......I'm a long term trader, so I am not that active, just needed to adjust the SL's on my positions for the increased spread


Quoting Jason Rogers
Hi razorboy,

FXCM Micro is preparing to switch to No Dealing Desk execution for all micro accounts. To do this, all micro account spreads are now the same as standard account NDD spreads. The FXCM Micro has more details along with FAQ http://www.forexmicrolot.com/ltd-spreads.jsp

For lower spreads resulting in a lower transaction cost, the Active Trader Program is available. Please let me know if you have any additional questions.

-Jason
  • #896
  • Apr 2, 2010 3:15pm Apr 2, 2010 3:15pm
Quoting Platypus

If you trade the right way 20 pips spread and the worst bucket shop can't get you, if you scalp, hedge,trade news, or do any other kind of gamble like this, nothing can save you long term.

It is as simple as that
Intraday swing trading would still be a gamble?
  • #897
  • Apr 2, 2010 5:25pm Apr 2, 2010 5:25pm
Quoting Platypus
If you trade the right way 20 pips spread and the worst bucket shop can't get you

Anyone who trades is effected by the spread. Long term traders less so than scalpers but it most definitely matters either way.

Do you use stops? If you do your stops are effected by the spread. If your stop loss gets hit or your take profit misses because the spread was wider with one broker over another you will see how much it matters. One trade is all it takes for this to hit you.

I would say that there is nothing more important than the spread when choosing a broker. I am not a scalper but I do swing trade. The spread matters.

20 pips spread makes a huge difference in anyone's success as a trader.
  • #898
  • Apr 2, 2010 6:40pm Apr 2, 2010 6:40pm
Quoting sloanman
Anyone who trades is effected by the spread. Long term traders less so than scalpers but it most definitely matters either way.

Do you use stops? If you do your stops are effected by the spread. If your stop loss gets hit or your take profit misses because the spread was wider with one broker over another you will see how much it matters. One trade is all it takes for this to hit you.

I would say that there is nothing more important than the spread when choosing a broker. I am not a scalper but I do swing trade. The spread matters....
I would agree, other than the funds being safe, and not being slipped, and instant execution, the spread is right up there as one of the most important things...20 pip spread? You are giving away 40 pips a trade, and stopped out many more times, and missed many more TPs, you would have to be the best trader in the world, like Platypus aka Nostradamus, for that not to affect you.
  • #899
  • Apr 3, 2010 9:39am Apr 3, 2010 9:39am
Thanks man, that makes sense. I worked as an interbank fx options broker for a few months, with ICAP,, met a lot of dealers.. it must be cool to make a call and have one of them fill your order. I've since spent 18 months in one place, once chair, literally, i think i've broken the world record for chart staring if there is a record out there... maybe it's time to contact Guinness... I know what I'm doing now and I'm curious as to what you mean exactly by the right way. Is the right way not just anyway that makes consistent profits? My question for you is this, what is scalping? The way I see my trading now is that every trade is just part of one big trade described by a constant move in and out of the flow. 5 pips here, 50 on the next, without regard to targets, predictions, or projections, just being in the centre of the flow whenever it diverges from the mean... If my system nets 100 on the next trade and then 10 on the next, is one a scalp and one something else? It seems I must be a scalper, and becoming a damn good one...

Quoting Platypus
ECNs are all high end bucket shops. Banks are banks brokers are brokers ( does not matter what ever esoteric name they name themselves).


If you trade through a bank you trade through a bank if you don't have enough money you have to go with a broker, passive ,active or whatever name they give it does not matter you are trading in a bucket.

If you trade the right way 20 pips spread and the worst bucket shop can't get you, if you scalp, hedge,trade news, or do any other kind of gamble like this,...
  • #900
  • Apr 3, 2010 10:41am Apr 3, 2010 10:41am
Quoting wwwin
I would agree, other than the funds being safe, and not being slipped, and instant execution
You are definitely right but with any larger broker those issues are not a factor.

I hope FXCM intends on making up it's lost small clients with larger ones who can take advantage of the lower spreads.

My opinion is they have made a management decision to phase out of Micro and focus on their larger clients. I'm not sure why they can't do both.

Alternatively, maybe they just feel the small guys are stupid and won't care enough to switch so it's just a way to add profits to the company's bottom line. If so I think they are wrong. People get burned enough and they will leave.

I'm with Oanda now. Excellent spreads, charting is weak but workable. Seems to be an honest firm. No bells and whistles but good for traders who don't mind not having pretty lights and sirens.
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