Hello, currently im using marketiva as broker becuase they accpet e gold and other e currenies but now im done with it, too much ddos on them
i was thinking to open "Pound Accounts" with fxcm so that i can deposit from my bank to their bank without any fee. im ok with 1:100 leverage but i never done anything with 1:200, my question is are there much different between 1:00 and 1:200 leverage. It seem to be i need less money to make profit obviously more risky . . .
Also fxcm mentions "10,000 Trade Size" is that means the min quantity per trade and the min increasement is like 10k, 20k, 30k and so on?
does 1 lot means 10k?
Finally, i did a little reseach on them and found out refco havent affected them and they seem to be a reliable broker, i guess i need some opinions on what do you think about them.
any help would be extreme useful.
Riskyinvest
Nov 18 2005, 07:43 PM
QUOTE(lamode @ Nov 19 2005, 08:55 AM)
Hello, currently im using marketiva as broker becuase they accpet e gold and other e currenies but now im done with it, too much ddos on them
i was thinking to open "Pound Accounts" with fxcm so that i can deposit from my bank to their bank without any fee. im ok with 1:100 leverage but i never done anything with 1:200, my question is are there much different between 1:00 and 1:200 leverage. It seem to be i need less money to make profit obviously more risky . . .
Also fxcm mentions "10,000 Trade Size" is that means the min quantity per trade and the min increasement is like 10k, 20k, 30k and so on?
does 1 lot means 10k?
Finally, i did a little reseach on them and found out refco havent affected them and they seem to be a reliable broker, i guess i need some opinions on what do you think about them. any help would be extreme useful. [right][snapback]578746[/snapback][/right]
Yuh, 1 lot for mini a/c is 10,000 trade size. FXCM said that there is no limit on the trade size in mini a/c. If you start with a mini a/c with $300 minimum deposit, you can open a trade up to 60k (6 lot) trade size.
The trading station is good, easy to place trade. It provides you the latest news related to most the currency pairs which always make you aware the reason behind a big movement within minutes. The customer service is good. You can always contact them via live chat for assistance at anytime you want.
But their free chart inside the station is urgly and hard to use. They provide other free charting packages too. It is not inside the station, you have to assess it through another windows. It is better than the one inside the station but I frequently encountered connection problem to these charts.
alexeow
Nov 18 2005, 07:43 PM
Yes, FXCM is a quite reliable broker. "10,000 Trade Size" means their minimum units per trade is 10K. This minimum trade size is for their Mini account only.
Try to sign up a demo account from them and send a request to them by email to change your demo platform to Mini account type. Mini account is the smallest account type so I guess you should start from there before upgrade to ordinary account.
phildunn
Nov 18 2005, 08:17 PM
QUOTE(lamode @ Nov 18 2005, 03:55 PM)
Hello, currently im using marketiva as broker becuase they accpet e gold and other e currenies but now im done with it, too much ddos on them
i was thinking to open "Pound Accounts" with fxcm so that i can deposit from my bank to their bank without any fee. im ok with 1:100 leverage but i never done anything with 1:200, my question is are there much different between 1:00 and 1:200 leverage. It seem to be i need less money to make profit obviously more risky . . .
Also fxcm mentions "10,000 Trade Size" is that means the min quantity per trade and the min increasement is like 10k, 20k, 30k and so on?
does 1 lot means 10k?
Finally, i did a little reseach on them and found out refco havent affected them and they seem to be a reliable broker, i guess i need some opinions on what do you think about them. any help would be extreme useful. [right][snapback]578746[/snapback][/right]
If I am u,I will never touch FXCM,many people had big problems with them.Don't be fooled by their exaggerated advertisements. U can try Oanda, they also allow no minimum trade like Marketiva.
Riskyinvest
Nov 18 2005, 11:37 PM
QUOTE(phildunn @ Nov 19 2005, 01:17 PM)
If I am u,I will never touch FXCM,many people had big problems with them.Don't be fooled by their exaggerated advertisements. U can try Oanda, they also allow no minimum trade like Marketiva. [right][snapback]579154[/snapback][/right]
I know that many are satified with FXCM. What is the problems? could you describe some of it?
lamode
Nov 19 2005, 04:30 AM
thank you everyone for the help, i missed one important question. i wonder if anyone has ever withdrawn any money from them?
Riskyinvest - the charts is not a problem, i use MT4 for it. but i keep getting "The page cannot be displayed" error everytime i click on their livechat, can you try again on their live chat?
alexeow - no, i will open the GBP account instead of mini account because you only allow to have USD in your account, it costs me like 40 GBP wire tranfer fee to send the money and i probably lose a lot in the exchange between GBP to USD to my bank and takes almost 6 weeks for a forgien cheque to clear if i request a withdraw cheque, otherwise fxcm charge me $40 for withdraw throught wire tranfer.
phildunn - are you sure? what is the problem with them? i am not going for oanda because their max leverage is only 1:50, its too low for me
Hawk
Nov 19 2005, 05:23 AM
I've used Marketiva, FXCM and Oanda.. in my opinion Oanda is the best but they offer low leverage so it take time to build up ur money.... I used FXCM demo account for over 2 months with no problems and I know a few traders who trade with them and are happy with it. FXCM is one of the biggest brokers out there and is regulated by NFA and CFTC so its pretty trustworthy.. Also if u've seen the latest news on the fall of Refco u would know that they are transfering 1000's of their members accounts to FXCM... Marketiva is ok but its still got alot to prove. Its a good broker to start of your trading as a newbie but i wouldnt use them if i was trading more than 1k account size...
phildunn
Nov 19 2005, 05:54 AM
QUOTE(Riskyinvest @ Nov 18 2005, 11:37 PM)
I know that many are satified with FXCM. What is the problems? could you describe some of it? [right][snapback]579536[/snapback][/right]
Though I never open their account but I heard many traders said they always got slow connection,slippage,manual execution and so on.. If u losing money it's ok but if u winning money u will start facing problems, though no proof but u can try them,it's your choice.
Riskyinvest
Nov 19 2005, 07:20 AM
QUOTE(phildunn @ Nov 19 2005, 10:54 PM)
Though I never open their account but I heard many traders said they always got slow connection,slippage,manual execution and so on.. If u losing money it's ok but if u winning money u will start facing problems, though no proof but u can try them,it's your choice. [right][snapback]580394[/snapback][/right]
I did a search on Google. Yuh, there is some complaints on trade execution problems on Feb'05. I use their demo on Oct'05 and go live on Nov'05. I have never face these problems, most probably they have improved their station. I have used Forex.com, CMS, Maketiva. The order execution of FXCM is as fast as them. And sometime is even faster.
So far I have won some profit, I got my order filled on the specified price even though in fast movement. The complaints are long time ago and are only came from 3 to 6 investors out of 40000 clients. The majority has not problem with it.
jeffmelvin
Nov 19 2005, 07:43 AM
I am currently trading on an FXCM demo account. I will be opening a live account some time next week. I have had several live chats with them about questions and concerns of mine, and they have been very friendly. I love the trade station also, its easy to use. Good Luck. Jeff
Nightowl
Nov 19 2005, 07:58 AM
I trade on FXCM with a mini account and have had no problems at all. They are easy to fund and the platform has worked well for me. I don't know anything about their charting as I now use Profit Navigator for my software through esignal (and it ROCKS for forex as well as futures etc ) FXCM has great leverage and I have not experienced slippage. They have been a bit slow occassionally during heavy trading but if I have been able to execute on the platform, I have received that price - I plan on sticking with them for now.
Pam
lamode
Nov 19 2005, 09:06 AM
wait a moment, they need you to be at least 18 before open an account
mssarath
Nov 19 2005, 09:27 PM
QUOTE(lamode @ Nov 19 2005, 10:06 AM)
wait a moment, they need you to be at least 18 before open an account [right][snapback]581009[/snapback][/right]
then how old are you
too much leverage is not good for a start. after you got much confident and made consistant profit you can go for higher leverages.
lamode
Nov 20 2005, 02:13 AM
QUOTE(mssarath @ Nov 20 2005, 05:27 AM)
then how old are you
too much leverage is not good for a start. after you got much confident and made consistant profit you can go for higher leverages. [right][snapback]582388[/snapback][/right]
turned 17 on sep 2005 and getting older now, single for life zzzzZZZ i will open a thread to post my trade result next month and you can make comment on it . . .
mssarath
Nov 20 2005, 08:05 AM
QUOTE(lamode @ Nov 20 2005, 03:13 AM)
turned 17 on sep 2005 and getting older now, single for life zzzzZZZ i will open a thread to post my trade result next month and you can make comment on it . . . [right][snapback]582907[/snapback][/right]
wow! great to hear that. so by 20s you will be a millionaire. best of luck.
lamode
Feb 3 2006, 12:03 AM
received one msg.
WARNING: 02/03/2006 8:30 am EST execution speed & certainty CANNOT be guaranteed. With increased activity phones will be busy and system may be slow.
hm... thats NFP time.
manchor
Feb 4 2006, 06:48 PM
QUOTE(lamode @ Feb 3 2006, 08:03 AM) [snapback]1091234[/snapback]
received one msg. WARNING: 02/03/2006 8:30 am EST execution speed & certainty CANNOT be guaranteed. With increased activity phones will be busy and system may be slow. hm... thats NFP time.
to fxcm platform users, the spread is not affected during times like this no?
stockbroker
Feb 5 2006, 06:20 AM
QUOTE(manchor @ Feb 4 2006, 08:48 PM) [snapback]1108799[/snapback]
to fxcm platform users, the spread is not affected during times like this no?
Spread isnt affected however your orders will slip some.
I HATE FXCM's platform, its the ulgiest and most difficult platform to use. Their spreads are atleast a pip higher than most brokers and for those with mini accounts, trade sizes by the .1 lot causes a lot of volatility on smaller accounts.
While Oanda only offers 50:1 I think its your best bet. Oanda pays interest on all money kept in your account, FXCM does not. 50:1 should not be a big deal if you are used to 100:1. It just means you will have to use $200 of your equity to buy $10kusd rather than $100. No trader should be risking large portions of their account on one trade anyway, this should not be an issue.
Be happy, go with oanda.
fxteam
Feb 5 2006, 12:08 PM
I have an fxcm account only due to the fact that my auto trading software only works with this broker. I still prefer fxsol over all
FxTeam
Tonino02
Feb 5 2006, 03:06 PM
QUOTE(fxteam @ Feb 5 2006, 12:08 PM) [snapback]1115522[/snapback]
I have an fxcm account only due to the fact that my auto trading software only works with this broker. I still prefer fxsol over all
FxTeam
Would you able to tell us wich is your auto trading software and if is it good?
Regards
manchor
Feb 6 2006, 07:52 AM
is there such thing as an automated trading platform? automated as in told to buy/sell when technical indicators criteria meet, or automated as in it is linked to an account managing program that executes your orders for you?
fxteam
Feb 6 2006, 08:26 AM
QUOTE(Tonino02 @ Feb 5 2006, 03:06 PM) [snapback]1116877[/snapback]
Would you able to tell us wich is your auto trading software and if is it good? Regards
Hello,
The software I use is tradeitself.com it cost 49 dollars a month but it is well worth it
FxTeam
QUOTE(manchor @ Feb 6 2006, 07:52 AM) [snapback]1122536[/snapback]
is there such thing as an automated trading platform? automated as in told to buy/sell when technical indicators criteria meet, or automated as in it is linked to an account managing program that executes your orders for you?
Hello,
If you trade with various indicators such as macd, rsi, or ma lines for example you can set them up to send you emails or alert indicators with various charting softwares. The charting system i use is with fxtrek.com when my indicators go off it sends an email to my account in which my auto trade software reads and places the trade for me.
FxTeam
lamode
Feb 9 2006, 03:43 AM
QUOTE(fxteam @ Feb 6 2006, 04:26 PM) [snapback]1122825[/snapback]
Hello,
The software I use is tradeitself.com it cost 49 dollars a month but it is well worth it
FxTeam Hello,
If you trade with various indicators such as macd, rsi, or ma lines for example you can set them up to send you emails or alert indicators with various charting softwares. The charting system i use is with fxtrek.com when my indicators go off it sends an email to my account in which my auto trade software reads and places the trade for me.
FxTeam
i never know that, can we send email manaully to the auto trade software and exact trade? if so do you know whats the email format looks like?
phildunn
Feb 9 2006, 04:52 AM
First time I heard that u can auto-trade using email. Sounds interesting.
lamode
Feb 9 2006, 04:56 AM
QUOTE(phildunn @ Feb 9 2006, 12:52 PM) [snapback]1153153[/snapback]
First time I heard that u can auto-trade using email. Sounds interesting.
somehow with the www.fx-auto.com software plus fxdd.com you can.
fxteam
Feb 9 2006, 08:29 AM
QUOTE(lamode @ Feb 9 2006, 03:43 AM) [snapback]1152742[/snapback]
i never know that, can we send email manaully to the auto trade software and exact trade? if so do you know whats the email format looks like?
Hello,
If you go tradeitself.com they will show you how to setup the emails for the auto trading.
FxTeam
shubhodeep
Feb 10 2006, 07:04 PM
QUOTE(fxteam @ Feb 9 2006, 08:29 AM) [snapback]1154805[/snapback]
Hello,
If you go tradeitself.com they will show you how to setup the emails for the auto trading.
FxTeam
how many pips does that system generate on an average ?
fxteam
Feb 10 2006, 10:41 PM
QUOTE(shubhodeep @ Feb 10 2006, 07:04 PM) [snapback]1171531[/snapback]
how many pips does that system generate on an average ?
Well the tradeitself is just an auto trading software that you can setup to trade your email entry and exit points from various signal providers or from your own charting software.
alexeow
Feb 10 2006, 11:00 PM
QUOTE(fxteam @ Feb 7 2006, 12:26 AM) [snapback]1122825[/snapback]
Hello,
The software I use is tradeitself.com it cost 49 dollars a month but it is well worth it
FxTeam
Interested to know any good result you get with this automated trading software? Care to share it?
obviously more risky . . .
