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Forex Contest FXCM

shamasmujahid
Oct 25 2014 at 11:29
3 posts
can we use any robot or grid,

Najib ul Rehman Malik (NajibMalik)
Oct 25 2014 at 11:30
6 posts
jasonrogers posted:
Hi Everyone,

I'm FXCM's representative here on Myfxbook and am available to answer your questions.

One question that I anticipate some of you may ask is about the charts on your MT4 platform. In this trading contest, you will be trading on FXCM's new pricing with raw FX spreads and low commissions. Below is an illustration of how this new pricing compares to the old model.



The Bid and Ask prices you see in the Market Watch window of your contest demo account are the best bid and ask prices being quoted from among 10+ competing liquidity providers on our No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing.

However, the MT4 charts still show our old pricing, because many clients on these servers have not yet been upgraded to the new pricing (the transition is being done region by region to ensure we follow regulatory requirements for due notice to traders which vary by regulator, and to ensure an orderly transition within our own system so as not to negatively impact our traders), and the MT4 platform only allows one chart price feed per server.

For example, in the image below you can see there is 0.0 pip raw spread for EUR/USD that you can trade on through FXCM's new pricing. However, the charts still show the old pricing with a spread of 2.2 pips.



Please let me know if you have any questions about this. Good luck to all the competitors!

Jason


Dear Jason!

Will participants of demo contest be provided SSI daily?

vuxuanhung
Oct 25 2014 at 11:30
11 posts
this contest is a wonderful chance to join the market with real trading emotion, but no risk

Themba Ntsele (PipoMagic)
Oct 25 2014 at 11:30
11 posts
@Pedex wow... 1000/day?

Automation Eliminates Psychological barriers to profittable trading
RussJ
TheFuss
Oct 26 2014 at 07:33
11 posts
Jason

You still have not answered the logical questions I and others have posted.. will there be restrictions on volume??? how many open positions can you hold???? what is the maximum lot size per position??? What is available to trade, which currencies??? oil??? Copper??? Gold etc???? Is there going to be restrictions for those who trade oil and gold as they average a lot more ticks/pips per day than the currencies???? Is there a automatic stop on open positions if you lose x % of your account???

These are the questions we need answering that you either don't know or have ignored

Thanks

Russ

NajibMalik posted:
jasonrogers posted:
Hi Everyone,

I'm FXCM's representative here on Myfxbook and am available to answer your questions.

One question that I anticipate some of you may ask is about the charts on your MT4 platform. In this trading contest, you will be trading on FXCM's new pricing with raw FX spreads and low commissions. Below is an illustration of how this new pricing compares to the old model.



The Bid and Ask prices you see in the Market Watch window of your contest demo account are the best bid and ask prices being quoted from among 10+ competing liquidity providers on our No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing.

However, the MT4 charts still show our old pricing, because many clients on these servers have not yet been upgraded to the new pricing (the transition is being done region by region to ensure we follow regulatory requirements for due notice to traders which vary by regulator, and to ensure an orderly transition within our own system so as not to negatively impact our traders), and the MT4 platform only allows one chart price feed per server.

For example, in the image below you can see there is 0.0 pip raw spread for EUR/USD that you can trade on through FXCM's new pricing. However, the charts still show the old pricing with a spread of 2.2 pips.



Please let me know if you have any questions about this. Good luck to all the competitors!

Jason


Dear Jason!

Will participants of demo contest be provided SSI daily?

SHABANI
Oct 26 2014 at 07:43
8 posts
وعليكم السلام واتمنا الفوز للجميع بس انا اكون الاول هههههه

pradeep68
Oct 26 2014 at 08:03
5 posts
sorry i have no idea....you have to asked from 'NajibMalik'

may be he can help to you

FXKanga
Oct 26 2014 at 09:58
2 posts
Hi Russ,

I think you might find most of the answers to your questions here:
https://www.dailyfx.com/forex_forum/forex-margin-leverage-trade-rollover/215537-margin-trading-leverage-faq.html
Cheers
FX Kanga :-)

TheFuss posted:
Jason

You still have not answered the logical questions I and others have posted.. will there be restrictions on volume??? how many open positions can you hold???? what is the maximum lot size per position??? What is available to trade, which currencies??? oil??? Copper??? Gold etc???? Is there going to be restrictions for those who trade oil and gold as they average a lot more ticks/pips per day than the currencies???? Is there a automatic stop on open positions if you lose x % of your account???

These are the questions we need answering that you either don't know or have ignored

Thanks

Russ

hamayooon4u
Oct 26 2014 at 09:59
3 posts
Hi I welcome anyone who are interested in Forex Trading regarding Technical and Fundamental analysis and much more.. One Stop solution to all problems.

HAMMADIH1988
Oct 26 2014 at 10:00
1 posts
Hello Everyone;

I'm looking for experienced traders with over 2 year proven track record to trade on real account.
If you are interested please contact me on zaher@hammadih.com or on whatsapp +971555044405

regards,
Mohammed Zaher

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