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Forex Contest FXCM

sfrj
Oct 28 2014 at 15:05
2 posts
sfrj
Oct 28 2014 at 15:06
2 posts
I noticed, we cannot yet place trades, this will be unlocked in the platforms, when the contest starts right?
Massi (FxProdz)
Oct 28 2014 at 15:08
42 posts
FMIA posted:
Where is the link to download the platform? I keep getting an Onada platform
From the email you got after registration or from the following link:
https://www.forextrading.com.au/support/faq/software-download/
Quand on veut on peut
when i see u smile (badenglish)
Oct 28 2014 at 15:10
33 posts
good luck everyone
gregorykozma
Oct 29 2014 at 08:47
2 posts
Hi, I'm new to these contests, what % gain do the first few places generally have? Thanks!
jdwbryan
Oct 29 2014 at 09:01
21 posts
Anyone else notice the Bid/Ask lines on the charts do not match the prices in the Market Watch window? They also denote higher spreads. Market watch shows spreads of around 0.3 or 0.2 for EURUSD and GBPUSD most of the time, but the chart lines are showing spreads of 2.2 etc. The attached screenshot shows spread of 2.2 on the chart, but 0.2 on the market watch.




Attachments:

RKSA
Oct 29 2014 at 11:14
8 posts
Thanks Jason. Yes, I'm not in the UK, so I guess I'll have to wait till they roll out the new spreads and rates to my account.

All the best with the contest everyone!

jasonrogers posted:
RKSA posted:
Hi Jason,

Thanks for the info. I have a live FXCM UK account. Will all existing accounts automatically be transitioned to the new spread + commission costs? Do you know when it will happen?

Thanks!

Hi RKSA,

FXCM's new pricing has already been rolled out to our clients living in the US, UK and Australia. The transition is being done region by region 1) to ensure we follow regulatory requirements for due notice to traders which vary by regulator and 2) to ensure an orderly transition within our own system so as not to negatively impact our traders.

You mentioned that your account is with FXCM UK, but if you live outside of the UK itself, then your account may still be on our old pricing. While I do not have information on transition dates for our clients in other countries at this time, you will receive email notification should a date be scheduled for you.
eogorfx
Oct 29 2014 at 11:28
11 posts
Yes this has been explained by Jason from Fxcm in one of the early posts here.
I am concerned to know if my EA responds to the chart prices or to the market watch prices ?
goldhamster
Oct 29 2014 at 11:28
1 posts
Hello,

are GER30 allow for trading in this contest?

Thanks,
Gerald
xfactornos
Oct 29 2014 at 11:31
4 posts
gregorykozma posted:
Hi, I'm new to these contests, what % gain do the first few places generally have? Thanks!

Its usually unreal, we start with 50k and the winners usually end up with around 5+Million dollars. Thats just the few ive been a part of.
CupOtea
Oct 29 2014 at 11:32
12 posts
Yep, I did but noted that the Bid/Ask lines compare equally to other ECN platforms. So no problem with this. My Question would be which ones apply? Prices on the Bid/Ask Lines or the Market Watch Prices?
Keep Learning and better your best!!
littlecraig
Oct 29 2014 at 12:02
10 posts
Hi FXCM

IM trying to log into my mt4 but what server should i be on for the contest
it just keeps coimg up account invalid??
Cholipop
Oct 29 2014 at 21:41
406 posts
littlecraig posted:
Hi FXCM

IM trying to log into my mt4 but what server should i be on for the contest
it just keeps coimg up account invalid??

 Remember that you wont be able to access the account until the contest begins. It clearly said that in the terms and agreement..
Cholipop
Oct 29 2014 at 21:44
406 posts
gregorykozma posted:
Hi, I'm new to these contests, what % gain do the first few places generally have? Thanks!

 When it comes to demo trading contest you would have to do over 800% or better in order to even come close to winning. Most of the demo traders overleverage the account, and let the winners win.... There is currently a demo contest going on with a broker called hantec and the current leader has well over 1100% profit over the spand of 1 week....
Abdullah Mohammad Manjurul Islam (islammanjurul)
Oct 30 2014 at 08:39
10 posts
for those who cannot access the metatrader, note that you can trade from contest date, and those who are getting invalid account, make sure you have selected FXCM-USDDemo01 as the login server.
Abdullah Mohammad Manjurul Islam (islammanjurul)
Oct 30 2014 at 08:41
10 posts
Cholipop posted:
gregorykozma posted:
Hi, I'm new to these contests, what % gain do the first few places generally have? Thanks!

 When it comes to demo trading contest you would have to do over 800% or better in order to even come close to winning. Most of the demo traders overleverage the account, and let the winners win.... There is currently a demo contest going on with a broker called hantec and the current leader has well over 1100% profit over the spand of 1 week....

can you please tell me why this kind of profit it not feasible or possible on real account? any limitation or risk factor?
jdwbryan
Oct 30 2014 at 08:54
21 posts
eogorfx posted:
Yes this has been explained by Jason from Fxcm in one of the early posts here.
I am concerned to know if my EA responds to the chart prices or to the market watch prices ?

Oops, you mean that big huge post right on the front page? 😳 The first time I read through I only read the first little bit of that post talking about the new spreads and skipped over the rest of it. Duh!

Anyway, thanks eogorfx...and good luck!
keith Mellor (Sceadagenga)
Oct 30 2014 at 08:54
83 posts
The last contest had winners whose return were far in excess of 800% (in the 1000's of %). The bar is high and I expect more of the same.

If you are running MT4 then the best tip I can give you is familiarise yourself with the platform before the contest.

When you think you know MT4 then go back and do it again (and again if necessary).

One of the things that caught traders out unfamiliar with MT4 was the expansion of areas not visible in the default.

Savvy traders were trading pairs and crosses that did not show up when launching MT4 for the first time but they knew about them because they had experience with MT4.

Good luck and happy pipping
Si eius XCIX% Ius ergo est Nefas - Sileo processus (If its 99% Right then it is Wrong - Restart the process)
abhishekjuan
Oct 30 2014 at 13:09
9 posts
Hi,
I am looking forward to this Contest. I have designed and coded a few EAs and would like to test them here thoroughly.

Lets see if we can get over 1100% gain in this contest.

Let the SHOW Begin!


Abhishek

Jason Rogers (jasonrogers)
Oct 30 2014 at 15:22
272 posts
NajibMalik posted:
Dear Jason!

Will participants of demo contest be provided SSI daily?

Hi Najib,

Updates for the Speculative Sentiment Index (SSI) are provided twice a day for FXCM live account holders on the DailyFX PLUS site. However, you can sign up for a free trial of DailyFX PLUS to use during this demo contest: https://bit.ly/13kGnZr

For those interested in learning more about SSI, here's a copy of the latest weekly update: https://bit.ly/1yyetXK
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