Discussion of the Forex Contest FXCM Forex Contest

littlecraig posted:
This competition is bollocks, why are some people getting withdraw fees and some are not?
can you explain please FXCM

I've asked same question last week and fxcm has replied.
When trading gold you'll have normal spread and won't be charged comision (withdraw) , while for currency you will have lower spread and will pay a commission based on lot size which will be shown as withdraw in your account.

Hi Gentlemen,

My account balance more 69000 and I buy 35.0 USDJPY, FXCM closed my buy trade on price -$11204.75 ...Why?
and in the statement write 97.0%/44149.1/45500.0

Could you please explain what means this 97.0%/44149.1/45500.0

Regards,

MULTIPLE ACCOUNTS AND COPYTRADES!!
4 user on top 10.. are from China and with same gain % and all similar trades taken at the same time!!!
Here the multi-winning profiles: 'Contest - Rkrk11', 'Contest - Shushu211', 'Contest - coolman99'
Look also on the equity curve..
FXCM please TAKE A LOOK ON THIS!!!
It's forbidden multi contest account, isn'it!?
Matteo

P.s. = also user 'Contest - 5566cc' it's from the same!!!

JediPipWalker posted:
@cacink - spread of 1/2 pip?

high price USDJPY @ 17.22 11.10.2014 is 114.674 but he(malchish) trade sell @ 114.679, how come?

cacink posted:

JediPipWalker posted:
@cacink - spread of 1/2 pip?

high price USDJPY @ 17.22 11.10.2014 is 114.674 but he(malchish) trade sell @ 114.679, how come?

+Slippage???

mbertox posted:
MULTIPLE ACCOUNTS AND COPYTRADES!!
4 user on top 10.. are from China and with same gain % and all similar trades taken at the same time!!!
Here the multi-winning profiles: 'Contest - Rkrk11', 'Contest - Shushu211', 'Contest - coolman99'
Look also on the equity curve..
FXCM please TAKE A LOOK ON THIS!!!
It's forbidden multi contest account, isn'it!?
Matteo

Yes now also around dozen of Chinese account form 7th to 21th that have same order ( all Gold/XAU with same entry/exit points) and now also they trade reverse ( one account buy XAU, other sell). That is dirty tricks from Chinese.
FXCM - please delete/ban these accounts from contest or your contest will be not fair any more

Multiple Accounts: All from China

https://www.myfxbook.com/members/5566cc/contest-5566cc/1051350
https://www.myfxbook.com/members/amzhc/contest-amzhc/1060896
https://www.myfxbook.com/members/coolman99/contest-coolman99/1054047
https://www.myfxbook.com/members/hjkbdfs/contest-hjkbdfs/1054564
https://www.myfxbook.com/members/huiji/contest-huiji/1061136
https://www.myfxbook.com/members/jjjjxh/contest-jjjjxh/1059845
https://www.myfxbook.com/members/Rkrk11/contest-rkrk11/1058927
https://www.myfxbook.com/members/Shushu211/contest-shushu211/1052412
https://www.myfxbook.com/members/Wolf123/contest-wolf123/1057058
https://www.myfxbook.com/members/whfyu/contest-whfyu/1058818
https://www.myfxbook.com/members/yujjsgg/contest-yujjsgg/1055877
https://www.myfxbook.com/members/zhilil/contest-zhilil/1058943

It is forbidden to have multiaccounts but unless it's prooven that there is a single user on all accounts it should not be banned.
They can simply be friends and share knowlege about market. Why all of them to lose if one can win and share prize (not that it's much) with the others.

You guys are such cry babies. who Cares. The Chinese might make a mistake. And they will make this mistake on multiple accounts. Watch YOU take a BIG leap in the line. Get over it. All of you must be losing real bad to be so jealous.

Mommy the chinese are cheating.

Do you have any mechanism to trace multiple accounts?

Come on guys THIS IS A CONTEST!!! if you do not like it.. GET OUT, stop complaining, and jump to trade real money, if the chinese are cheating, who cares.... if FXCM does not work who cares..... I´m in the contest because it´s a lot of fun and because i want to be in the top 5% but who caresi... this is a DEMO AND the prices are useless so again WHO CARES??!!!!!! Use your energy to trade with REAL MONEY! this is my best advice i can give you all....

Hi all,

What is wrong with XAUUSD chart, it is not moving at all. Someone have the same problem? its like there is no Data on XAUUSD chart. Any issue????? Waiting reply from someone, i have opened trades on it

cacink posted:

cacink posted:

JediPipWalker posted:
@cacink - spread of 1/2 pip?

high price USDJPY @ 17.22 11.10.2014 is 114.674 but he(malchish) trade sell @ 114.679, how come?

As mentioned in my post on the first page of this discussion thread, the MT4 charts still show our old pricing which includes our old markups: https://www.myfxbook.com/community/contests/forex-contest/840323,60#?pt=2&p=1&o=840323

So while the bid price on the chart only went up to 114.674, the actual Bid price as seen in your Market Watch window (which reflect the raw FX spreads you can trade trade on) went up higher allowing you to sell at 114.679.

dcbsod posted:
Hi all,

What is wrong with XAUUSD chart, it is not moving at all. Someone have the same problem? its like there is no Data on XAUUSD chart. Any issue????? Waiting reply from someone, i have opened trades on it

Trading in gold (XAU/USD) has a daily break for 1 hour at 5pm New York time. To learn more about trading CFDs, visit the CFD Product Guide here: https://bit.ly/TppG9T

noorfx posted:
Hi Gentlemen,

My account balance more 69000 and I buy 35.0 USDJPY, FXCM closed my buy trade on price -$11204.75 ...Why?
and in the statement write 97.0%/44149.1/45500.0

Could you please explain what means this 97.0%/44149.1/45500.0

Regards,

To know for certain why your trade was closed, please log into Trading Station Web and click on the Report button: https://tsweb.fxcorporate.com/

The Condition column of the report will tell you what order type closed the trade. For example, if it says MC, then you got a margin call. That would mean the trade was closed out because you ran out of margin. Did you have any other trades open in your account at the time?

islammanjurul posted:
why here is a such a big drop in equity without any loss, but by some kind of withdraw?

Looking at the contest account you mentioned now, you can see there was a large losing trade on November 10. It's possible that information was not yet updated on the page the last time you visited: https://www.myfxbook.com/members/himaalex84/contest-himaalex84/1063473

I cant believe this. We have a whole month in this contest. The chances are the same pretty much. These guys will duplicate their mistakes across all their accounts (Assuming they are cheating) which will totally wipe him/her out. Besides that theire is nothing wrong theoritically with a buddy sharing his trades with his other trading buddies which is another possibility. Trading involves strategic planning. And telling on someone else is not going to help your game one iota. The chinese are not a threat at all. But what is a threat are all EAs. Im far more concerned over that than a bunch of chinese.