FXCM Discussion | Page 158 | 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

  • #3,141
  • Oct 16, 2012 1:03pm Oct 16, 2012 1:03pm
Quoting Stu Effex
What a joke. What is this illustrated here at the roll ?http://www.forexfactory.com/images/icons/icon8.gif
Hi Stu,

It's not uncommon to see spreads widen around 5 PM New York time, when liquidity may be lower as banks roll positions over from one day to the next, and also use this period to refresh their servers. FXCM doesn't control the spreads or pricing, since we're simply passing on the best bid and ask price we get from our liquidity providers plus a pip markup. As with any low liquidity period, whether it be during news events or rollover, that's something to keep in mind, if you have trades open around rollover time.

Jason
  • #3,142
  • Oct 16, 2012 1:52pm Oct 16, 2012 1:52pm
Quoting Jason Rogers
Hi Stu,

It's not uncommon to see spreads widen around 5 PM New York time, when liquidity may be lower as banks roll positions over from one day to the next, and also use this period to refresh their servers. FXCM doesn't control the spreads or pricing, since we're simply passing on the best bid and ask price we get from our liquidity providers plus a pip markup. As with any low liquidity period, whether it be during news events or rollover, that's something to keep in mind, if you have trades open around rollover time.

Jason
Yes fully aware of the spread widening nonsense but I just happened to be looking at the quotes when this happened and I saw the spread widen from 2.6 to 3.8. However even if you take the lowest bid of the other brokers mentioned and allowed for 3.8 extra spread would still only give you a low bid of (1.26240 - 3.8 ) 1.26202 and not 1.26186 as was printed last night. Liquidity fine 21:59 Low Liquidity 22:00 Liquidity Fine 22:01. I don't normaly have a hard stop because of this nonsense and flopped one on as was about to leave my desk for a while. Don't get this bull with Dukascopy.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #3,143
  • Oct 17, 2012 6:17am Oct 17, 2012 6:17am
Quoting Jason Rogers
Hi Everyone,

FXCM is now offering lower spreads to clients with FXCM Australia and FXCM UK (coming soon to FXCM US). Below are the new spreads for twelve of the most popularly traded currency pairs. You can now pick the execution type that best fits your trading. Choose No Dealing Desk forex execution which we recommend for the best overall trading experience, or the new Dealing Desk execution which provides lower spreads.

http://img19.imageshack.us/img19/9972/newspreads.png
Click here for the complete list.


For those whose primary concern is transaction cost, the lower spread option is ideal. These new spreads are available on all our platforms including Trading Station, MetaTrader 4 and NinjaTrader. For a free practice account, click here: (Trading Station Demo | MT4 Demo). If you would like to speak with an FXCM specialist about our new lower spread offering, click here to chat live or call us toll-free anytime 24 hours a day.

Jason
Just an update: Our new lower spreads that I mentioned earlier are now available to US residents through FXCM US. They were already available to our clients worldwide through FXCM UK and FXCM Australia.
  • #3,144
  • Oct 17, 2012 7:13am Oct 17, 2012 7:13am
so i get lower spreads because you guys expect me to loose
  • #3,145
  • Oct 17, 2012 7:20am Oct 17, 2012 7:20am
What do we have here?

Assuming they will really do what they say on the DD plan, I'm witnessing something I thought I would never see in my life.

A BROKER TRYING TO BE HONEST.

I always regarded FXCM as a bucket shop I wouldn't touch with a 10 foot pole, but ASSUMING THEY ARE TELLING THE TRUTH ( let me stress that); I would really consider doing business with them.

The DD proposition seems fair . At least they are telling you beforehand what they will do.

Let me say one more time ASSUMING THEY REALLY INTEND TO DO WHAT THEY ARE SAYING (which I have some doubts) it will put FXCM on the top of the list as a broker worldwide. A revolution!
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm.jpeg Size: 315 KB
So, you think you have rights? LOL
  • #3,146
  • Oct 17, 2012 10:44am Oct 17, 2012 10:44am
Why don't FXCM APIs operate with Dealing Desk execution?
  • #3,147
  • Oct 17, 2012 11:33am Oct 17, 2012 11:33am
Quoting PoundTrader
so i get lower spreads because you guys expect me to loose
Pretty much everyone does, why take a cut when you can take the entire loss, it's what most brokers do till your profitable then your account gets screwed to force you to go elsewhere.

They will likely turn a blind eye if your a loser scalper, but a lot more scalpers are profitable why they don't want them.


But atleast there open about it and will just move you to NDD with bigger spreads rather than destroy you.

Learn with tighter spreads for slightly cheaper basically then when cracked NDD for you.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,148
  • Oct 17, 2012 3:22pm Oct 17, 2012 3:22pm
Quoting ForexOracle
What do we have here?

Assuming they will really do what they say on the DD plan, I'm witnessing something I thought I would never see in my life.

A BROKER TRYING TO BE HONEST.

I always regarded FXCM as a bucket shop I wouldn't touch with a 10 foot pole, but ASSUMING THEY ARE TELLING THE TRUTH ( let me stress that); I would really consider doing business with them.

The DD proposition seems fair . At least they are telling you beforehand what they will do.

Let me say one more time ASSUMING THEY REALLY INTEND TO DO WHAT THEY ARE SAYING (which...
I didn't decide about fxcm yet !!! But what is your broker ?
  • #3,149
  • Oct 17, 2012 5:38pm Oct 17, 2012 5:38pm
Quoting Hyper
Why don't FXCM APIs operate with Dealing Desk execution?
Hi Hyper,

API trading is available to clients who qualify for our Active Trader program. All Active Trader accounts are on No Dealing Desk execution but with lower transaction costs than standard NDD accounts.

Jason
  • #3,150
  • Oct 17, 2012 6:00pm Oct 17, 2012 6:00pm
Quoting mavricos
I didn't decide about fxcm yet !!! But what is your broker ?
Interactive brokers.

I took all my money out of oanda few weeks ago because I don't like how things are going there.

I'm currently shopping for another broker to replace Oanda for my secondary account.

FXCM is looking better, but I don't think I will jump in their boat right now. I will probably wait and see in a few months how their products are doing.
So, you think you have rights? LOL
  • #3,151
  • Oct 22, 2012 4:53pm Oct 22, 2012 4:53pm
on the summary page on the platform can we get P/L in pips to go along with cash P/L
  • #3,152
  • Oct 22, 2012 5:02pm Oct 22, 2012 5:02pm
hi smallpaul i am on ymesenger if you can come
  • #3,153
  • Oct 22, 2012 5:19pm Oct 22, 2012 5:19pm
Quoting ForexOracle
Interactive brokers.

I took all my money out of oanda few weeks ago because I don't like how things are going there.

I'm currently shopping for another broker to replace Oanda for my secondary account.

FXCM is looking better, but I don't think I will jump in their boat right now. I will probably wait and see in a few months how their products are doing.

FXCM are good, go NDD for sure but you won't fault them and don't see them disappearing with your money any time soon.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,154
  • Oct 22, 2012 11:27pm Oct 22, 2012 11:27pm
Quoting Turveyd
FXCM are good, go NDD for sure but you won't fault them and don't see them disappearing with your money any time soon.
PepperStone over FXCM hands down
The best indicator is price.
  • #3,155
  • Oct 23, 2012 4:03am Oct 23, 2012 4:03am
Quoting scfx
PepperStone over FXCM hands down
yep....but when you think about safety of funds ....fxcm seems safer....
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #3,156
  • Oct 23, 2012 4:29am Oct 23, 2012 4:29am
Quoting scfx
PepperStone over FXCM hands down
Does it mean pepperstone better of fxcm?? reasons??
  • #3,157
  • Oct 23, 2012 3:32pm Oct 23, 2012 3:32pm
Quoting SmallPaul
on the summary page on the platform can we get P/L in pips to go along with cash P/L
Hi SmallPaul,

Currently the "P/L in pips" column is only available in the Open Positions window, but including it in the Summary window is a good idea. I passed your request onto our developers. We'll see if they can include it in a future update to the Trading Station.

Jason
  • #3,158
  • Oct 23, 2012 3:54pm Oct 23, 2012 3:54pm
Hi all!

Is there anyone that can tell me how to connect in realtime price data from FXCM Trading Station to excel?

I have a macro in excel that refreshes data every 5 minutes with dde (it deletes the first data and add the last one: so I have always the same numbers of cells in excel); but with new version of windows (windows 7 and windows server 2008) this macro doesn't work!

Anyone can help me or tell me another way to connect marketscope or metatrader to excel?

Thanks

Lucmat
  • #3,159
  • Oct 24, 2012 2:28am Oct 24, 2012 2:28am
Quoting Jason Rogers
Hi SmallPaul,

Currently the "P/L in pips" column is only available in the Open Positions window, but including it in the Summary window is a good idea. I passed your request onto our developers. We'll see if they can include it in a future update to the Trading Station.

Jason
shoundt be hard to do, thanks
  • #3,160
  • Oct 24, 2012 11:25am Oct 24, 2012 11:25am
Quoting lucmat
Hi all!

Is there anyone that can tell me how to connect in realtime price data from FXCM Trading Station to excel?

I have a macro in excel that refreshes data every 5 minutes with dde (it deletes the first data and add the last one: so I have always the same numbers of cells in excel); but with new version of windows (windows 7 and windows server 2008) this macro doesn't work!

Anyone can help me or tell me another way to connect marketscope or metatrader to excel?

Thanks

Lucmat

Hi Lucmat,

You should be able to populate the data to Excel using DDE (Dynamic Data Exchange). Below are links for DDE instructions for MarketScope and MT4. If you have further questions, you can post them on those websites (FXCodeBase.com for MarketScope and MQL4.com for MT4), and the programmers on those sites can provide assistance.

MarketScope: http://fxcodebase.com/code/viewtopic.php?f=31&t=4159

MT4: http://www.mql4.com/search#!keyword=DDE

Jason
11 traders viewing now