Discussion of the Forex Contest FXCM Forex Contest

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.

FXCM why is iunable to place trades....??

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?

Can someone help me get this trade going ... my platform is not allowing me to place trades....

Im using that same server FXCM-USDDemo01 .......still cant place trades....

what could be wrong here? pls help

I can see everything....only to place a trade i cant...... help pls

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?

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.

Anyone have link to page that shows all contestants trades/wins so far?
THANKS! & GOOD LUCK ALL!

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???

i found it haha

iOS Metatrader 4.

I can see my contest account inMT4 app on my iPhone and iPad ok, but cannot place any orders .. Window to place orders does not even open.
I can trade this account from PC fine.
I can trade other accounts MT4 iOS app ok too, only my contest account does not work.. (Restarted everything, but no luck)

Bummer, ... can trade only from PC at home ..

Anyone trading ok from iOS?

Off quotes got me curious yesterday, found this past article on dailyfx (posted by fxcm support), if you're interested.

https://www.dailyfx.com/forex_forum/automated-trading-platforms-strategy-trader-mt4-fss/231519-mt4-what-does-error-message-off-quotesa-mean.html

zh4kim posted:
newbie slam kenal gan[/quote

i don't do chineese child labor. or russian war heads, i do dumb ass, american white boy, watch and observe!

it better be 1.300 %, fuck your ea's!

you want me to close this trade out...nah, i'll hold it for awhile 50% margin

400 pips

adding more contracts ar 1.368

hope ur ea is good.....lol