FXCM MANAGED ACCOUNT PERFORMANCE FOREX CURRENCY MARKET

$40,000 in Cash Awarded Each Month by top online forex broker FXCM. The contest include micro accounts automatically and does not require additional registration

$40,000 in Cash Awarded Each Month by top online forex broker FXCM. The contest include micro accounts automatically and does not require additional registration submitted by FX_Winner to Forex [link] [comments]

Ninjatrader - Selected Dorman, but now which broker for license key?

Having been approved by Dorman and receiving the green light to fund a Ninjatrader8 account, I now must purchase a license key.
When purchasing the license key, I must once again select a broker. My options are:
"NinjaTrader Brokerage" "City Index" "FOREX.com" "FXCM (non-US)" "Interactive Brokers" "Oanda" "TD AMERITRADE" "Multi Broker (Includes all above)" "CQG (for existing customers only)"
I'm not really sure what I'm selecting at this stage. Is there any advantage between one and another? Does choosing something like "TD Ameritrade" change anything about the platform or chart-trading abilities I've gotten used to on the Ninjatrader Demo? Does Dorman fall under "NinjaTrader Brokerage"? Is it advantageous to select "Multi Broker" so that my trades can execute on any of the above brokerages, allowing for increased liquidity?
submitted by juniperlee9 to FuturesTrading [link] [comments]

Are there any people in here successfully using FXCM api in Python (REST or Forexconnect)

Hi everyone,
I have been trying to use FXCM API in my Python trading bot for almost a month now. I have been facing issues with both FXCM rest api and ForexConnect API which support is unable to solve. I am curious if there is anyone here using their API successfully. Have you faced the issues below? How did you manage to solve them? I am ready to give up on them, but spreads and lower unit costs keep me trying. The issues below are relevant for demo and real account.
The issues are:
  1. Getting 'unauthorized' in response after a while when using FXCM rest api. I see this issue raised in the issues on the github repo and the issues were mostly closed despite being no proper answer to them. A useful piece of advise from support is to not request Offers table for prices every second and switch to getting price updates from market subscription. I have done that, but I am still getting the 'unauthorized' error after a while (30 min / 1h / 5h / day) and trying to relogin returns the same error.
  2. Getting 'terminate called without an active exception' on ForexConnect API, which not only stops one Python script, but also kills all the running Python scripts using the ForexConnect library (!). After enabling multi-session, I was hoping that this would go away, but I am still getting this error randomly throughout the day and it still kills all the running Python scripts. It is impossible to troubleshoot because there are no error messages except for that.
Any advise would be appreciated. I am surprised with these issue and it doesn't seem that it is possible to run their API reliably - however, as far as I understand, there are a lot of people using it successfully.
submitted by myspacerocket to algotrading [link] [comments]

Beginner Information

Recommended STOCK brokers (get a free stock if you open a robinhood account): Robinhood http://join.robinhood.com/paolac2 tdameritradehttps://www.tdameritrade.com/home.page Recommended FOREX brokers, DO NOT use any brokerage offering 500:1 leverage! Oanda https://www.oanda.com/us-en/ fxcm https://www.fxcm.com/uk/(edited)📷12You do not have permission to send messages in this channel.
Recommended Platforms TradingView.com: https://www.tradingview.com/gopro/?share_your_love=Tradertoks Ninjatrader: https://ninjatrader.com/ MetaTrader4: https://www.metatrader4.com/en
submitted by OnTheGeorge to TraderToks [link] [comments]

I am a forex trader and I lost $50,000 on forex last night. AMAA

Platform: FXCM GBP/JPY - The wild one
A friend requested I post this.
EDIT: I'm back
Started trading for the night I'm long GBPJPY @ 142.26 / Just shorted at 142.43
Took another swing and went long GBPJPY @ 142.356 / Shorted at 142.50
And another went long GBPJPY @ 142.436 / Shorted at 142.459
Done for the night, who ever was interested in the chat session Monday I will see ya there! http://tinychat.com/forex on Monday Oct. 12th at 8pm EST.
submitted by forextrdr to IAmA [link] [comments]

Moronic Monday, March 06, 2017 - Your Weekly Questions Thread

This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome.
Replies are expected to be constructive and civil.
Any questions about your personal finances belong in /PersonalFinance, and career-seekers are encouraged to also visit /FinancialCareers.
submitted by AutoModerator to finance [link] [comments]

how to learn forex i lost $3k knowing almost nothing

i started and account on fxcm with leverage 400:1 , and lost around $3k total ,on Gold i lost most of them since i didnt setup stop loss ,im beginner and i dont know much about forex anaylysis etc, i would like to know how can i get back lost money ,and how to learn forex like many people that are doing bank
submitted by Brief_Lack to Forex [link] [comments]

I have a one-off question about trade losses and ending up in debt

So Im thinking about learning the Forex trading, using Oanda most likely. Anyway, this is what I was wondering...
Ive done very little reading on this so bear with me. My basic question is, say I throw 250$ into my account. Can I loose more money than that and then be in debt to the broker? This is assuming that I use stop loss.
If it IS true, that would be only if the market crashes hard?
I know this is a noob question, but If its possible that I can end up in say 1000$ debt over $250 then to me its not worth me dipping into. It seems rare though.
Thanks guys!
submitted by MOEB74 to Forex [link] [comments]

Simplicity or Complexity: Which road to take?

I am fairly new to all of this, I do not do automated trading itself, but use backtesting to study the markets. I am working with 1m Forex data. Running my backtests over about 3000 "single week long segments" ranging across 24 currencies and 174 weeks. Got my data from FXCM and resampled it. So far I have tested trend following, RSI, Bollinger Bands, various combinations of these three, while accounting for stop losses, margin calls and average 2pip spread on each trade. But the best result I have gotten is a 0.01% yield, which is just noise. When I produce overall losing strategies in backtests they also do not go lower than -0.03%. So it seems that indicators predict markets randomly and you end up losing as much as you make (to be fair they do yield ~1% returns with 20x leverage, if you assume that you will never get margin called).
So I am thinking of changing my approach, since simple indicator based strategies seem to result in 0.0% returns overall. Therefore, I will be going into testing of complex strategies.
I care about what other people think: Is seeking more complex strategies a rabbit hole that I will never come back from? It seems like there is not limit to the amount of elements you can pile on.
Is sticking to simple strategies using 1-3 indicators in combination and searching for something that will work a safer path?
Should I give up on this forex thing and be realistic?
Any input and opinions will be appreciated, you do not have to share trade secrets, thanks.
submitted by barumal to algotrading [link] [comments]

Trustworthy, major Forex brokers?

I'm fairly new to Forex and have been messing around with demo accounts and small live accounts on FXCM and FX Choice, and with all these choices in brokers for forex, a random thought occurred to me. Where do people with serious money to invest in forex, i.e. $100k, go to invest? Some of these brokers look like fly by night operators. I can't see anyone wire transferring a bunch of money to an outfit in Cyprus or Belize and hoping that their money doesn't disappear overnight.
submitted by stork38 to Forex [link] [comments]

WARNING if you use Tradingview

submitted by sharked to Forex [link] [comments]

Broker fees

Hi, I really like the TradingView platform, and would love to connect a broker with them and trade in real time. I'm disappointed that Coinbase Pro isn't an available broker, but I am open to the idea of opening up a separate account with the brokers that TradingView provides. Are fees across all brokers the same for trading cryptocurrency? If not, which broker is the best overall? (Out of CQG, FXCM, OANDA, forex.com). I live in the US btw.
submitted by moutheaters to TradingView [link] [comments]

Brokers that handle million dollar accounts?

So is it stupid to have lets say 3 million on FXCM?
Or is Interactive brokers the only one for retail traders having couple of mil.
Discuss..
submitted by Greatergreatshark to Forex [link] [comments]

Anyone know how to get into currency speculation?

Specifically, I want to make a big bet on USDCNY(or H), but I do not know how to go about making this a reality.
I'll be honest. I know almost nothing about investing. I have several hundred k USD in a savings account earning no interest. You know that moment where you look in the mirror and realize you are a complete fat ass and need to go to the gym? I had that moment, except looking at my bank account. A this rate I might as well be putting my money in public storage and spraying it for silverfish.
If I am going to make a bet, that bet is that China will crash and burn in a fiery explosion of bad debt that will make our 2008 refi collapse look like a bad hair day.
Buying USDCNY or USDCNH means I am betting that 1 US dollar will be worth more Chinese Yuan. I just have no idea how to go about making this happen as an individual American investor.
I posted something like this in a serious investment sub, but got downvoted and mostly ignored. I guess I was too nub for them.
submitted by pewpsprinkler to wallstreetbets [link] [comments]

[Not my post] The Structure of Forex Brokers

Originally posted by Darkstar at Forex Factory.
Disclaimer: I did not write this. I found this post on ForexFactory written by a user called DarkStar, which I believe a lot of redditors will benefit from reading.
________________________________________________________________________________________________________
There has been much discussion of late regarding borker spreads and liquidity. Many assumptions are being made about why spreads are widened during news time that are built on an incomplete knowledge of the architecture of the forex market in general. The purpose of this article is to dissect the market and hopefully shed some light on the situation so that a more rational and productive discussion can be undertaken by the Forex Factory members.
We will begin with an explanation of the purpose of the Forex market and how it is utilized by its primary participants, expand into the structure and operation of the market, and conclude with the implications of this information for speculators. With that having been said, let us begin.
Unlike the various bond and equity markets, the Forex market is not generally utilized as an investment medium. While speculation has a critical role in its proper function, the lion’s share of Forex transactions are done as a function of international business.
The guy who buys a shiny new Eclipse more then likely will pay for it with US Dollars. Unfortunately Mitsubishi’s factory workers in Japan need to get their paychecks denominated in Yen, so at some point a conversion needs to be made. When one considers that companies like Exxon, Boeing, Sony, Dell, Honda, and thousands of other international businesses move nearly every dollar, real, yen, rubble, pound, and euro they make in a foreign country through the Forex market, it isn’t hard to understand how insignificant the speculative presence is; even in a $2tril per day market.
By and large, businesses don’t much care about the intricacies of exchange rates, they just want to make and sell their products. As a central repository of a company’s money, it was only natural that the banks would be the facilitators of these transactions. In the old days it was easy enough for a bank to call a foreign bank (or a foreign branch of ones own bank) and swap the stockpiles of currency each had accumulated from their many customers.
Just as any business would, the banks bought the foreign currency at one rate and marked it up before selling it to the customer. With that the foreign exchange spread was born. This was (and still is) a reasonable cost of doing business. Mitsubishi can pay its customers and the banks make a nice little profit for the hassle and risks associated with moving around the currency.
As a byproduct of transacting all this business, bank traders developed the ability to speculate on the future of currency rates. Utilizing a better understanding of the market, a bank could quote a business a spread on the current rate but hold off hedging until a better one came along. This process allowed the banks to expand their net income dramatically. The unfortunate consequence was that liquidity was redistributed in a way that made certain transactions impossible to complete.
It was for this reason and this reason alone that the market was eventually opened up to non-bank participants. The banks wanted more orders in the market so that a) they could profit from the less experienced participants, and b) the less experienced participants could provide a better liquidity distribution for execution of international business hedge orders. Initially only megacap hedge funds (such as Soros’s and others) were permitted, but it has since grown to include the retail brokerages and ECNs.

Market Structure:
Now that we have established why the market exists, let’s take a look at how the transactions are facilitated:
The top tier of the Forex market is transacted on what is collectively known as the Interbank. Contrary to popular belief the Interbank is not an exchange; it is a collection of communication agreements between the world’s largest money center banks.
To understand the structure of the Interbank market, it may be easier to grasp by way of analogy. Consider that in an office (or maybe even someone’s home) there are multiple computers connected via a network cable. Each computer operates independently of the others until it needs a resource that another computer possesses. At that point it will contact the other computer and request access to the necessary resource. If the computer is working properly and its owner has given the requestor authorization to do so, the resource can be accessed and the initiating computers request can be fulfilled. By substituting computers for banks and resources for currency, you can easily grasp the relationships that exist on the Interbank.
Anyone who has ever tried to find resources on a computer network without a server can appreciate how difficult it can be to keep track of who has what resources. The same issue exists on the Interbank market with regard to prices and currency inventory. A bank in Singapore may only rarely transact business with a company that needs to exchange some Brazilian Real and it can be very difficult to establish what a proper exchange rate should be. It is for this purpose that EBS and Reuters (hereafter EBS) established their services.
Layered on top (in a manner of speaking) of the Interbank communication links, the EBS service enables banks to see how much and at what prices all the Interbank members are willing to transact. Pains should be taken to express that EBS is not a market or a market maker; it is an application used to see bids and offers from the various banks.
The second tier of the market exists essential within each bank. By calling your local Bank of America branch you can exchange any foreign currency you would like. More then likely they will just move some excess currency from one branch to another. Since this is a micro-exchange with a single counterparty, you are basically at their mercy as to what exchange rate they will quote you. Your choice is to accept their offer or shop a different bank. Everyone who trades the forex market should visit their bank at least once to get a few quotes. It would be very enlightening to see how lucrative these transactions really are.
Branching off of this second tier is the third tier retail market. When brokers like Oanda, Forex.com, FXCM, etc. desire to establish a retail operation the first thing they need is a liquidity provider. Nine in ten of these brokers will sign an agreement with just one bank. This bank will agree to provide liquidity if and only if they can hedge it on EBS inclusive of their desired spread. Because the volume will be significantly higher a single bank patron will transact, the spreads will be much more competitive. By no means should it be expected these tier 3 providers will be quoted precisely what exists on the Interbank. Remember the bank is in the business of collecting spreads and no agreement is going to suspend that priority.
Retail forex is almost akin to running a casino. The majority of its participants have zero understanding how to trade effectively and as a result are consistent losers. The spread system combined with a standard probability distribution of returns gives the broker a built in house advantage of a few percentage points. As a result, they have all built internal order matching systems that play one loser off against a winner and collect the spread. On the occasions when disequilibrium exists within the internal order book, the broker hedges any exposure with their tier 2 liquidity provider.
As bad as this may sound, there are some significant advantages for speculators that deal with them. Because it is an internal order book, many features can be provided which are otherwise unavailable through other means. Non-standard contract sizes, high leverage on tiny account balances, and the ability to transact in a commission free environment are just a few of them…
An ECN operates similar to a Tier 2 bank, but still exists on the third tier. An ECN will generally establish agreements with several tier 2 banks for liquidity. However instead of matching orders internally, it will just pass through the quotes from the banks, as is, to be traded on. It’s sort of an EBS for little guys. There are many advantages to the model, but it is still not the Interbank. The banks are going to make their spread or their not go to waste their time. Depending on the bank this will take the form of price shading or widened spreads depending on market conditions. The ECN, for its trouble, collects a commission on each transaction.
Aside from the commission factor, there are some other disadvantages a speculator should consider before making the leap to an ECN. Most offer much lower leverage and only allow full lot transactions. During certain market conditions, the banks may also pull their liquidity leaving traders without an opportunity to enter or exit positions at their desired price.

Trade Mechanics:
It is convenient to believe that in a $2tril per day market there is always enough liquidity to do what needs to be done. Unfortunately belief does not negate the reality that for every buyer there MUST be a seller or no transaction can occur. When an order is too large to transact at the current price, the price moves to the point where open interest is abundant enough to cover it. Every time you see price move a single pip, it means that an order was executed that consumed (or otherwise removed) the open interest at the current price. There is no other way that prices can move.
As we covered earlier, each bank lists on EBS how much and at what price they are willing to transact a currency. It is important to note that no Interbank participant is under any obligation to make a transaction if they do not feel it is in their best interest. There are no “market makers” on the Interbank; only speculators and hedgers.
Looking at an ECN platform or Level II data on the stock market, one can get a feel for what the orders on EBS look like. The following is a sample representation:
You’ll notice that there is open interest (Level II Vol figures) of various sizes at different price points. Each one of those units represents existing limit orders and in this example, each unit is $1mil in currency.
Using this information, if a market sell order was placed for 38.4mil, the spread would instantly widen from 2.5 pips to 4.5 pips because there would no longer be any orders between 1.56300 and 1.56345. No broker, market maker, bank, or thief in the night widened the spread; it was the natural byproduct of the order that was placed. If no additional orders entered the market, the spread would remain this large forever. Fortunately, someone somewhere will deem a price point between those 2 figures an appropriate opportunity to do something and place an order. That order will either consume more interest or add to it, depending whether it is a market or limit order respectively.
What would have happened if someone placed a market sell order for 2mil just 1 millisecond after that 38.4 mil order hit? They would have been filled at 1.5630 Why were they “slipped”? Because there was no one to take the other side of the transaction at 1.56320 any longer. Again, nobody was out screwing the trader; it was the natural byproduct of the order flow.
A more interesting question is, what would happen if all the listed orders where suddenly canceled? The spread would widen to a point at which there were existing bids and offers. That may be 5,7,9, or even 100 pips; it is going to widen to whatever the difference between a bid and an offer are. Notice that nobody came in and “set” the spread, they just refused to transact at anything between it.
Nothing can be done to force orders into existence that don’t exist. Regardless what market is being examined or what broker is facilitating transactions, it is impossible to avoid spreads and slippage. They are a fact of life in the realm of trading.

Implications for speculators:
Trading has been characterized as a zero sum game, and rightly so. If trader A sells a security to trader B and the price goes up, trader A lost money that they otherwise could have made. If it goes down, Trader A made money from trader B’s mistake. Even in a huge market like the Forex, each transaction must have a buyer and a seller to make a trade and one of them is going to lose. In the general realm of trading, this is materially irrelevant to each participant. But there are certain situations where it becomes of significant importance. One of those situations is a news event.
Much has been made of late about how it is immoral, illegal, or downright evil for a broker, bank, or other liquidity provider to withdraw their order (increasing the spread) and slip orders (as though it was a conscious decision on their part to do so) more then normal during these events. These things occur for very specific reasons which have nothing to do with screwing anyone. Let us examine why:
Leading up to an economic report for example, certain traders will enter into positions expecting the news to go a certain way. As the event becomes immanent, the banks on the Interbank will remove their speculative orders for fear of taking unnecessary losses. Technical traders will pull their orders as well since it is common practice for them to avoid the news. Hedge funds and other macro traders are either already positioned or waiting until after the news hits to make decisions dependent on the result.
Knowing what we now know, where is the liquidity necessary to maintain a tight spread coming from?
Moving down the food chain to Tier 2; a bank will only provide liquidity to an ECN or retail broker if they can instantly hedge (plus their requisite spread) the positions on Interbank. If the Interbank spreads are widening due to lower liquidity, the bank is going to have to widen the spreads on the downstream players as well.
At tier 3 the ECN’s are simply passing the banks offers on, so spreads widen up to their customers. The retailers that guarantee spreads of 2 to 5 pips have just opened a gaping hole in their risk profile since they can no longer hedge their net exposure (ever wonder why they always seem to shut down or requote until its over?). The variable spread retailers in turn open up their spreads to match what is happening at the bank or they run into the same problems fixed spreads broker are dealing with.
Now think about this situation for a second. What is going to happen when a number misses expectations? How many traders going into the event with positions chose wrong and need to get out ASAP? How many hedge funds are going to instantly drop their macro orders? How many retail traders’ straddle orders just executed? How many of them were waiting to hear a miss and executed market orders?
With the technical traders on the sidelines, who is going to be stupid enough to take the other side of all these orders?
The answer is no one. Between 1 and 5 seconds after the news hits it is a purely a 1 way market. That big long pin bar that occurs is a grand total of 2 prices; the one before the news hit and the one after. The 10, 20, or 30 pips between them is called a gap.
Is it any wonder that slippage is in evidence at this time?

Conclusions:
Each tier of the Forex market has its own inherent advantages and disadvantages. Depending on your priorities you have to make a choice between what restrictions you can live with and those you cant. Unfortunately, you can’t always get what you want.
By focusing on slippage and spreads, which are the natural byproduct of order flow, one is not only pursuing a futile ideal, they are passing up an enormous opportunity to capitalize on true inefficiencies. News events are one of the few times where a large number of players are positioned inappropriately and it is fairly easy to profit from their foolishness. If a trader truly wants to make the leap to the next level of profitability they should be spending their time figuring out how identify these positions and trading with the goal of capturing the price movement they inevitably will cause.
Nobody is going to make the argument that a broker is a trader’s best friend, but they still provide a valuable service and should be compensated for their efforts. By accepting a broker for what it is and learning how to work within the limitations of the relationship, traders have access to a world of opportunity that they otherwise could never dream of capturing. Let us all remember that simple truth.
submitted by Cross_Game to Forex [link] [comments]

You can use TD Ameritrade's real-time equity data for free, for paper trading without the 20-minute delay.

In case people didn't know, if you use a platform which "contains" a paper trading acccount, rather than relying on the TOS platform entirely, you can take advantage of the free real-time US equity data for paper trading. So to keep this simple you can get NinjaTrader for free here, it's generally considered a free platform for those who didn't know. https://ninjatrader.com/FreeLiveData When you get NT through this method, you can pick Futures or Forex data. You can go back and fill out each one if you'd like say, do Futures first (that'll be through CQG and give you a lot of data for 7 days or 14, I can't recall) and the Forex through FXCM. Regardless, you don't have to use either one if you don't want. After that you'll be able to download NT installer, I always go with NinjaTrader 8, it works well. Rather than 7, that is.
Simply click "connections" in the main panel once it's open, and add a TD Ameritrade connection with the same login/pass you'd use to login to TOS or your TD/AT online account.
One important thing to note: If you want tick data, at the least NinjaTrader will say give you 10 tick, 2, 1 tick or even intervals like 1s (literally type 1s or 10s or 1t 3t 10t etc and hit enter when you have a chart open) but I believe it's derived from the bar data, if that makes sense. Also if you're viewing anything less than the 1 minute bar timeframe, itll just start off at the time you've opened the chart with such tick/second/range/interval data, and no historical on the chart. So if I'm doing that I like to open a second chart in another tab of the same instrument to show the historical data.
So the paper trading account is within the NT platform, and so long as you make sure you have set up your default account to be say Sim101, the usual name of the default paper trading account, you won't be actually executing trades through the TD Ameritrade broker, but you get to trade on real-time data.
Between this being free data, the possibility of using Rithmic, CQG and FXCM trials for futures and forex, you can get basically all free data. For a paper trader like me, that's nice because I have no skin the game... I think that's the saying.
Keep in mind I'm not promoting NinjaTrader in any commercial capacity and have no affiliation with them whatsoever as a company or in any manner I can conceive. There's one other platform I use which isn't free that's compatible with TD Ameritrade's data and that's called MotiveWave. It also does support simulated trading very very well. I suggest checking it out and I'll just say Google MotiveWaveTM 4.2.8 Ultimate Edition ;) Hope this isn't just old news everyone here has known. If so, let me know. Happy trading and hope this coming trading week is a good one.
Edit: Some other resources which at least have free trials available without necessarily needing any payment info I find useful are: 1) www.livesquawk.com (Especially Steve K's market signals... I've only heard of McAffe's signals but never tried them, however Steve K is a good guy and seems to really know what he's doing. Tl;dr, they work for me in paper trading).
2) https://www.tradethenews.com - you need a linkedin with 5 or more connections to get the free trial but they have a great squawk service with a guy from NYC who seems to be on literally almost 24 hours a day 5 days a week.
3) https://pro.benzinga.com - a Bloomberg Terminal alternative basically, but not as fancy... for more fancy see:
4) http://www.metastock.com/fundsoft4 This one isn't really explained the best on their own site, in my opinion but I've been using the free 30 day trial and what it is, is Metastock's own way of selling Reuters Eikon service. Eikon is about the best Bloomberg Terminal alternative I've found yet in many years of searching. I'm more into looking at data and figuring out how plats work than the actual trading in some ways. Important note on this one: Once you do have a trial, and they take a little while to rubber stamp it so be patient with the emails they send, you can login through the regular Reuters Eikon web login if you wish rather than using the Windows standalone program. They're the same one's just web-baed.
5) Lastly for now, https://www.money.net - definitely worth checking out. Has it's own live squawk for news during trading hours and definitely no payment info needed for a trial. You can login once trial acquired via login.money.net or the now 'legacy' installable platform. They're both good but I'm not crazy about the iOS/Android versions at all.
submitted by FraterThelemaSucks to stocks [link] [comments]

How long did it take to develop your strategy?

Not asking to explain certain strategies. Just wondering if and when did you get your strategy down? I've been at it for about 2 years on demos and still haven't developed any profitable methods
submitted by RolyatKcin to Forex [link] [comments]

Anyone still with FXCM? Looking to open an account with them

What is the spread like for major pairs & commodities?
Safe?
Any other recommendations?
submitted by dontknowheretogo to Forex [link] [comments]

Are there any good brokers?

I'm an Australian living in china and have been trading on shenzhen and shanghai for about 5 years and have done well. I wanted a little more action since the market here is only open 4 hours a day so I thought I'd look into forex. I traded with a demo account the past six months and now want to open a real account. The issue is that every broker seems to be a disaster in one way or another if online reviews are to be believed. I'm not sure if it's worth the trouble since I've never had to deal with any issues whatsoever with my stock market broker.
I would be opening an account with about $500 at first because from all the stories online I wouldn't be comfortable with more at first. But would ultimately like to trade with 40,000-80,000. I narrowed my choices down to fxcm, oanda and pepperstone. With a small account on fxcm and oanda you get dealing desk which is not ideal. But with a razor account on pepperstone you get ecm but people say you can get massive slippage sometimes. So I have to ask is it even worth the trouble? Is there any straight up legitimate brokers who do what they should make their money of spread and have no issues withdrawing etc?
submitted by vincentgallosdick to Forex [link] [comments]

Trading station and spread betting

Got myself an FXCM demo spread betting account and getting to grips with the trading station platform.
The live spread quoted on the FXCM website has EUUSD at ~0.4pips for spread betting but Trading station gives me a 1.4 spread. It is definitely a spread betting account and is stated at the top of the window, but I don't know if I need to tell it I want to enter a trade as a spread bet rather than a standard forex trade.
Could this be due it being a demo or is there a setting I need to select to alter the trade type get the actual spread betting spread and commission rather than the standard spread?
I'm asking here because I have struggled to unearth much on their website.
submitted by kuqi_couture to Forex [link] [comments]

Beginners start here

Hey everyone. A while back I made the decision to moderate this subreddit because I was once in your shoes. I honestly did not know where to begin. I would type in “daytrading” in google and come up with so many companies trying to sell me the dream. “Make $$$ while you sleep!” “Look at how much I made today!!” etc. I wanted to make this post to first give new people a place where to start and to even offer some resources that can get you started in the right direction. If I have anything else to add I will add it here.
  1. Open up a papertrading account with Think or Swim. It is free and you can get live data just by requesting it from support. All you have to do is ask them to add live data to your papertrading account. Do not pay monthly for any papertrading account. There are a lot of free videos out there that can help you get started with Think or Swim. The program looks complicated at first but it is very powerful. I spent a few days with the program and at the end of the week I was fairly comfortable with understanding where everything was. I have never had a 60-day limit with my papertrading account by the way. https://www.thinkorswim.com/t/pm-registration.html Start here and start taking trades! It is all fake money and will give you some insight into how the program works as well as how the markets move.
One other tip for setting up your papertrading account is to only set it up with a reasonable amount of money. I know a lot of papertrading accounts give you 100k right off the bat but realistically, how many of us are going to have that much money to start out with? Set it to something more reasonable like 10-20k if you are trading forex (or even less if all you have is 1-5k to trade with) or 25k+ if you are going to daytrade stocks only because the regulations require you to have at least 25k in your account at all times to daytrade (In this case, I would probably give yourself 30k just to be safe).
If you are looking for a stock screener, ThinkorSwim has a pretty good one. A personal favorite of mine is www.FINVIZ.com which has an awesome screener for finding different chart patterns and conditions (such as prices crossing above 20 bar EMA, trending up, etc)
Think or Swim has stocks, forex, futures, and options. Options are an entirely different beast all together but stocks, forex, and futures are all "yes-no" type of trading while options give you a little more leeway with your mistakes. If you are interested in learning about options, message me and I can help guide you with the right direction and best resources I used to learn options.
EDIT: Due to the amount of PM's I was getting, I have decided to post the options course I started with here https://www.udemy.com/learn-options-trading-courses/ You shouldn't pay more than 10 bucks for it as Udemy does a ton of sales throughout the year. You can also just do a "Udemy coupon" search on google and see what you pull up. Its about 10 hours worth of content and in my opinion it is worth every penny if you are wanting to learn more about options. There are a ton of other great classes on Udemy as well for learning just about anything. Just make sure to read the reviews!
Stocks is kind of the well known market for new comers but I would argue that Forex can also just as easily be traded by a newcomer. Also the benefit of trading Forex is that there is no commission off the bat. Most brokers will charge what is called a spread of some number of pips that you are essentially paying back.
Futures trade in ticks and each tick nets you a gain of some amount or a loss of some amount so I do not suggest any new person to jump into futures until you understand the way markets work. Futures charge commission on each contract you buy or sell. It can be sort of related to Forex since a tick and a pip are essentially the same.
The huge benefit to trading Futures and Forex is that there is NO pattern day trading rule. This means you can buy and sell as many times as you want without being flagged for not having 25k in your account.
  1. Tradimo is a great resource for getting your feet wet with technical analysis. It is free and shows you the ropes with how you can start looking at prices and charts: https://learn.tradimo.com/courses
  2. If there is ever a company you want to pay to help you learn, please do your research first. Type in the company’s name along with “review” at the end of your search and make your educated decision off of that. A lot of these companies have amazing advertising but will never teach you the right way to trade. A lot of them are scams too. I read that there was one trading system which the guy had the secrets of the “code of trading” and only he knew the code but would sell it to you for hundreds of dollars. So many people come into trading with high expectations that if I just pay this company to teach me, I can be like them when in reality that may never happen. Always look at their testimonials with a grain of salt. Read the reviews just like you would on amazon for buying a product. I also like to type in the company's name and add "scam" at the end to see if I get any hits on that. Read the good reviews but also the bad to understand the bigger picture here. Very few will actually teach you how to trade. Also, Reddit is a great place to read up on things like this too. Just add "Reddit" at the end of your search and read up on other users reviews.
Investimonials is also a good place to use as well (but do not use it as your only review source!!! Fake reviews are everywhere) http://www.investimonials.com So before you drop that 1-2k on a course, make sure you do your homework. Don't be fooled by smooth advertising.
  1. A high probability indicator or a holy grail strategy is not out there. If it was, everyone would be using it and making money. And if there does happen to be one, do you really think anyone will want to share it? The only way to get good at trading is to be able to read the charts and read where prices are going. This is through support and resistance and understanding channels. I cannot recommend Mack’s price action YouTube channel enough. https://www.youtube.com/usePATsTrading I am a firm believer that price action is the basis for understanding price movement. Reading an indicator may help but you should not rely on solely indicators to guide you with trading as they may give you a signal to buy when you are at a major resistance level or sell when you are at a major support, both of which could burn you.
  2. My only other advice is to look into markets that let you maximize profits. For some, it is not possible to buy 1000 shares of Apple. While trading low priced stocks lets you buy hundreds and maybe even thousands of shares at once, those stocks are too unpredictable because they can be influenced by individuals who do what is called a "pump and dump" schemes. Plus they can be difficult to read as far as what they are going to be doing next (going up or going down). My recommendation (and it is only my recommendation so only use this as guidance to make your own decision) would be to look into trading forex if you do not have a lot to start out with as some brokers (like FXCM) allow you to buy "micro" lots which let you invest as little as 100 dollars in some cases and have a much better chance of working in your favor due to the amount of people trading the same instrument. Note: There are some discussions about forex market makers adjusting the markets so you get stopped out prematurely. While I have not experienced this, it could theoretically happen? So if you do decide to trade Forex make sure you pick your broker carefully and again read the reviews!
EDIT: I have read that what I mentioned above about Forex is outdated and the brokers are under stricter regulations. Do your own investigation and do not let what I said steer you away from trading forex if you really want to. The big Forex brokers you are able to open an account with in the US are FXCM, Oanda, and Forex.com. You have a lot more options if you are in another country.
EDIT 2: Well it looks like FXCM may get banned from having clients in the US. Apparently they took some trades against their clients to profit on their end and have been using clients accounts to fund their extra expenses. Tread on your own risk.
  1. Above all, do not invest money that you are not willing to lose. I cannot emphasize this enough. Work on a simulator until you feel that your strategy works. This means putting in the time to sit down and analyze every trade you took which worked as well as the ones that didn't work. You need to go back over your mistakes and review why your trade did not work the way you thought it would. Was it because you bought at a high and sold at a low? Was it because you bought at a major resistance level thinking the stock would still go up? Was it because you were impulsive and entered in too early? Was it because you were too slow and entered in too late? This is the most important part about learning how to trade. Putting in the time and work to analyze what you did right and what you did wrong. You will never get better if you do not do this.
  2. Consider subscribing to a free daily financial newsletter such as The Morning Brew. It’s a free subscription that is delivered Monday through Friday to your email before the markets open around 5-6 am central time. It summarizes the big financial topics of the morning in short easy to read sections that you can read over a cup of brew.
I wouldn’t say this is essential for daytrading but it’s nice to read if you are wanting to stay up to date on the financial markets as they will write about companies and stocks to look out for. It’s also not spammy or filled with ads though there are one or two that are listed as “sponsored”. They don’t typically put out a weekend read but instead send it M-F.
https://www.morningbrew.com/?kid=08944ba0
I want to make this subreddit not only as a resource for newcomers but also for those who wish to improve their skills with learning how to day trade. I do not want this subreddit to become spam and companies trying to sell dreams. We all need to keep a realistic vision on what learning the market entails because this is a journey. No one becomes a doctor in a day or even a week and you should expect the same becoming a trader. Making consistent money in the markets can be very challenging and most wont ever make it, but it can be very satisfying once things start to click and you can live a very different life if this ever happens.
submitted by KingPrudien to Daytrading [link] [comments]

Which Forex trading outlet is ideal for individuals opening an account under $2500?

I want to take what little savings I have and slowly start learning about Forex. I've always used demo accounts have really begun to create positive trends. I'm over the las vegas effect and I want to turn forex into something I can realistically make a living off of.
Whats the best trading suite for smaller dollar trades?
submitted by sinedolo to Forex [link] [comments]

FXCM MT4 Live Account Open FXCM Demo Account Forex (FXCM) Demo Account Preview FXCM demo account FXCM - YouTube Accounts Window  FXCM Trading Station II

The FXCM Pro account is available to small hedge funds, retail brokers, and new market banks to access wholesale executions. While FXCM Prime accounts are also available for high- or mid-frequency funds. Assets/Markets. Available trading markets on FXCM include: – Forex pairs – CFDs – Cryptocurrencies – Commodities, like oil and gold Learn how to open an account with FXCM in 3 easy steps. Start trading forex, stock and currency indices, commodities and cryptocurrencies! Most new investors at FXCM UK start off with a demo account first, in order to get acclimated with the unique Forex trading platform. This is a very important step at the beginning of your investing journey. You need to properly understand the way that their software works, so that you will not be stuck when you are ready to invest or make a trade. FXCM provides forex trading and CFD trading at 3 different account levels. The spread fee for AUD/USD is $0.03 per $1,000. Read our guide. Is FOREX.com or FXCM safer for forex and CFDs trading? At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. FOREX.com holds 4 global Tier-1 licenses, while FXCM holds 3. FXCM holds 2 global Tier-2 licenses, while FOREX.com holds 0. All regulators considered, FOREX.com has a Trust Score of 93.00, while ... FXCM MANAGED ACCOUNT PERFORMANCE History Account Statement. The investment was a huge success :Gain 971%, deposit 43,000 USD, withdrew 183,000 USD in less than 2 years ! See the statement below and read how to benefit from a 10 years veteran trader . Projected profit is around 15%/month, profit share is 25% on high water mark basis, settle at end of each month. See my performance is at the ... Demo Trading Account Forex- und CFD-Demokonto. Handeln Sie Forex, Indizes und Rohstoffe ohne Risiko. Live Kauf- und Verkaufspreise; Virtueller Kontostand von 50.000€ Handeln Sie online, 24 Stunden täglich an 5 Tagen die Woche; REGISTRIEREN SIE SICH KOSTENLOS. Name * E-Mail * Land * Mobilfunknummer: Ich bin damit einverstanden, Lernmaterialien und Informationen über die von FXCM angebotenen ... FXCM bietet einen Demo Account, auf dem mit 50.000 Euro Spielgeld zunächst das Traden ausprobiert werden kann. Die Nutzer können dabei ein Demokonto für jede der angebotenen Handelsplattformen erhalten und jede von ihnen in aller Ruhe kennenlernen. Die Kontoeröffnung ist recht aufwendig und es werden nicht wenige persönliche Angaben notwendig. Dafür steht die Demoversion auf unbegrenzte ... Forex Capital Markets support and frequently asked questions. Welcome to FXCM Support. Select the location of your account: Americas. Canada (English) Latin America (Español) Africa. South Africa (English) All Other. FXCM Markets (English) Europe. United Kingdom (English) Deutschland (Deutsch) France (Français) Italia (Italiano) Ελλάδα (Ελληνικά) ישראל (עברית) Middle ...

[index] [25459] [3282] [2037] [28847] [8398] [6136] [18020] [27544] [2541] [10043]

FXCM MT4 Live Account

Open FXCM Demo Account. Open FXCM Demo Account. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next ... FXCM MT4 Live Account Darian Scott. Loading... Unsubscribe from Darian Scott? ... What Happened to FXCM? Client B booking Forex - Duration: 5:55. Top Traders 12,588 views. 5:55 . How to Invest ... How to open an FXCM demo account. How to install MT4, open a demo account and log into a live trading account - Duration: 9:38. MRC Markets 23,945 views Open a demo account at FXCM and download MetaTrader4 - MT4 http://www.binaryindicatorpro.com/Metatrader4.html The FXCM group of companies (collectively, the "FXCM Group") is a leading provider of online foreign exchange (forex) trading, CFD trading, and related servi... The accounts window displays the details of your account. The equity is the value of your account. The Day p/l shows your profit or loss in pips for the current trading day. The used margin is the ... This is not a tutorial video about how to trade with FXCM. This is just a sneak peak of what it looks like trading with FXCM and what you can expect when you decide to get involved with it. What ...

http://binaryoptiontrade.beauledisvo.tk