TradeProfits

FXCM – Improved MT4 Technology

Posted on 21. Jan, 2012 by Jakob.

0

FXCM, the world’s largest FX broker, have released a new version of MT4 with improved features. You can now trade micro lots (0.01 lots) which is a great addition for clients with a small account balance, as they will be in a better position to use proper risk management. Another feature with the lower lot sizes is the option to close orders partially. The new version of MT4 also allows you to set a Max Deviation when you enter trades; this basically allows you to control slippage on normal market orders, and because of this also enables you to place stop loss and take profit levels at the execution of the order. If you trade the news (spike trading), having this feature is of paramount importance. They have also added additional pairs to the platform, and most interestingly is the removal of the bridge software; Read more... (274 words, estimated 1:06 mins reading time)

This is a preview of FXCM – Improved MT4 Technology. Read the full post (274 words, estimated 1:06 mins reading time)

Continue Reading

MyFxBook Now Supports FXCM

Posted on 11. Nov, 2010 by Jakob.

0

First of all, MyFxBook is now available in Swedish so that might be something all my fellow Danish readers want to take a closer look at. In addition to that, they have now made the site ready for all of you who are trading with FXCM´s Trading Station or their new Strategy Trader. Another great addition from the guys over at MyFxBook. I am actually testing Strategy Trader in these days and I just love the fact that I now can connect it to MyFxBook. Read the details here.

Permanent link to this post (90 words, estimated 22 secs reading time)

Continue Reading

FXCM Labs

Posted on 05. Aug, 2010 by Jakob.

1

Just like Oanda has a lab site, FXCM has now started their own Lab site which you can check out right here. This is basically a site where you can follow the progress of new releases from FXCM (which currently entails FXCM Mobile, Trading Station Gateway and their new Strategy Trader). This is a great place for people who would like to be beta tester of new forex related products before they actually hit the market. They also have a suggestion box where you can share ideas with the people from FXCM. I love Oanda´s lab site but it hasn’t been updated for a long time, so I was hoping that FXCM can keep this thing going with lots of great new stuff for all their members. Check out FXCM Labs here, become a beta tester and give them some feedback.

Permanent link to this post (142 words, estimated 34 secs reading time)

Continue Reading

King of Micro Trading Contest – FXCM

Posted on 27. Jul, 2010 by Jakob.

0

Every single month FXCM Micro is hosting a contest named King of Micro Trading where you will be able to show your skills as a true forex trader. At least that is probably what they want it to look like, but when we take a closer look on the returns made in recent months from the winners, it is obviously more of a contest in gambling than actual trading, or to put it in more diplomatic terms, a strong motivator for extreme use of leverage and over trading. The winner of the King of Micro Trading contest in last month (June) had a return of 833% , and back in May the winner returned 3100%! Needless to say that this is a holy grail for FXCM. However if you are looking to win the contest you should probably forget everything you ever learned about money management and simply go crazy. When that is said, you now have the possibility to join the King of Micro Trading contest for August. The rules are rather simple; you need to have a real micro account with a minimum balance of $500 at the beginning of the month and then trade the best you know for the entire month. Read more about the rules here. Obviously you will be paid a fair return for your effort if you join the top three traders: 1st place: $25,000, 2st place: $10,000 and 3st place: $5,000. Good luck!

Permanent link to this post (242 words, estimated 58 secs reading time)

Continue Reading

FXCM Expo in Las Vegas

Posted on 24. Mar, 2010 by Jakob.

0

On May 3-4, 2010 FXCM will be hosting a two-day event in Las Vegas; FXCM Expo. The event is free and there will be a lot of education and workshops, with instructors from FXCM and DailyFX. There will be more than 60 classes during these two days, covering topics such as Getting Started with MetaTrader 4, Best Practices to Develop Your Trading Systems, Chart Reading 101, Importance of Identifying Drivers of Price Action, Trading with Sentiment Indicators (SSI, COT, etc), China and India: Impact on the Global Currency Market, How to Build and Set Up an Expert Advisor, etc. With more than 60 classes, there should be something for everyone. You can check out the entire schedule here. I sure would like to participate in this event, but I will have to wait for another time. If any of you guys are going, feel free to share your experience with us.

Permanent link to this post (152 words, estimated 36 secs reading time)

Continue Reading

FXCM has gone Mobile

Posted on 11. Mar, 2010 by Jakob.

2

Some time ago I opened an account with FXCM for several different reasons. So far I have been rather pleased with them. Spreads are good, the platform is intuitive, execution is fast (except around news releases), etc. Furthermore, they are supported by a numerous of different online sources, and they offer free VPS hosting when you open an account with them. Today they have added another service; mobile trading. FXCM is supported by iPhone, Blackberry and Windows Mobile Pocket PC. All the features from FXCM trading station are available, and it is free for all demo and live clients (except Micro live account clients who will be charged $0.10 per lot traded through the mobile platform). Read more... (202 words, estimated 48 secs reading time)

This is a preview of FXCM has gone Mobile. Read the full post (202 words, estimated 48 secs reading time)