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Forex Contest FXCM

Huckleberry
Nov 04 2014 at 07:51
28 posts
Cholipop posted:
 FXCM thanks for creating a very sub pair contest. The market watch spread is .2 pips for EUR-USD right now, and on the chart it is 4 full pips. I won´t even waste my time placing trade with this broker. Good luck to everyone.


Choli, I too noticed that but what I didn't notice was that in the beginning of the thread that issue was addressed before the contest even started. However, the problem as I see it is this...the person making the post said that due to FXCM switching to a new pricing model and having to update the feeds by region, even though you see a wider spread, you're getting the tight spread. Well, I beg to differ. all of my trades so far have had wider spreads than listen in the market watch, the one click trading interface and my indicator that shows the spread in a nice easy to read number in the upper right hand of my chart. So while what they're saying makes sense about seeing a difference in the listed spread and the price action spread, the other thing they're saying about 'getting the true price(i.e. the lower spread)' doesn't seem to be true.

Unless of course it finalizes itself at the completion of the transaction once you close the position, but even if that's the case, it's still a hinderance as it affects peoples judgements and decisions.

fijianforex
Nov 04 2014 at 07:51
10 posts
FXCM why is iunable to place trades....??

In trading the market is the BOSS - where it goes you follow
SBCapital
Nov 04 2014 at 07:52
6 posts
amelabs posted:
Yo, cholipop! Do you not read the posts that come from FXCM, explaining why the spread on the chart is different from the spread in the market watch? The market watch quotes are the correct prices. The charts will reflect this at some future date, but not today. Live with it.


Dude you seem like you know what your on about, is there a max lot size rule or is it go for broke for a month and whoever has most money wins?

fijianforex
Nov 04 2014 at 07:52
10 posts
Can someone help me get this trade going ... my platform is not allowing me to place trades....

In trading the market is the BOSS - where it goes you follow
fijianforex
Nov 04 2014 at 07:52
10 posts
Im using that same server FXCM-USDDemo01 .......still cant place trades....

what could be wrong here? pls help

In trading the market is the BOSS - where it goes you follow
fijianforex
Nov 04 2014 at 07:52
10 posts
I can see everything....only to place a trade i cant...... help pls

In trading the market is the BOSS - where it goes you follow
Huckleberry
Nov 04 2014 at 07:53
28 posts
littlecraig posted:
What is going on with this commission bollox, this competition is one big fxxk up on FXCM
this dont look good at all


Well, if they charge a small spread and couple that with a commission, doesn't it make sense that their contest on their platform would reflect their pricing model??

If they didn't then they'd get people from the contest opening a live account with them and then getting upset because 'wait a minute! what's with all this commission bollox?! There weren't any commissions in the contest! What a scam!!'

Ya dig?

SamuraiFXTrader
Nov 04 2014 at 07:54
19 posts
jasonrogers posted:
islammanjurul posted:
@jasonrogers brother, can you please tell me why I am getting lots of commission deductions, any clue?


Hi @islammanjurul

FXCM's compensation used to be included as a part of the spread. With our new pricing model, you can now trade on the raw FX spreads directly from 10+ liquidity providers and our compensation is the transparent commission. Our new forex pricing reduces the EUR/USD transaction cost by up to 60% compared to previous typical spreads.



Raw FX spreads also have the added benefit that the market does not have to move as much in your favor to fill your limit (take profit) orders, because there is no pip markup to the bid and ask prices displayed on your platform. For the same reason, the market would have to move about a pip further before your stops gets triggered.


These explains well.

I like the new pricing model of FXCM. MT4 execution is good.

myfxfreedom
Nov 04 2014 at 08:06
2 posts
Anyone have link to page that shows all contestants trades/wins so far?
THANKS! & GOOD LUCK ALL!

CompassTrading
Nov 04 2014 at 08:06
13 posts
rickybro posted:
i already trading but why my status and rank is still : Your current rank is: 0 (You haven't traded yet) ?? anyone have the same problem?


were can i see the rank???

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