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Tony Manso (amelabs)
Nov 27 2014 at 04:00
67 ieraksti
HAHA! as of this writing, there are only about 100 people in the entire contest who are performing worse than me. 😲

Jason Rogers, when do you think FXCM will sponsor another Myfxbook contest? I'll be better prepared when that time comes.

Paulo Sadi (psadi)
Nov 27 2014 at 08:05
22 ieraksti
😉

Do yours, my words Mr. Toni

Paulo Sadi (psadi)
Nov 27 2014 at 08:06
22 ieraksti
Bang! Bang!

Stop! this is a robbery! 😈

Check this out!

- Deposits: $ 50,182.42

- Withdrawal: $ -8,901.28 (Committees Partner FXCM)

- Losses: - 24,062.78 (my fault)

- Withdrawals: - 8,901.28 = 17.74% of Deposits or 51.74%

on balance.


- Who can resist that?

Being broker is a great deal! 😇

innaig86
Nov 27 2014 at 15:53
12 ieraksti
Good, before it didn't close a sell order when it passed the take profit (obv the price rebounded and I lost that).
Now it doesn't open a pending sell order when it hit the open price.

Reliable broker, yep.

innaig86
Nov 27 2014 at 15:54
12 ieraksti
Again, TP passed and order still opened.

:facepalm:

Species8472
Nov 28 2014 at 12:20
30 ieraksti
Paulo I would ask fxcm about it but I think (and I could definetly be wrong) that the withrawels as well as the additional deposits have to do the interest payments that must be made on all currency pairs daily. You need to familiarize yourself with the interest payments on overnight positions.

Paulo Sadi (psadi)
Nov 29 2014 at 11:50
22 ieraksti
Hi, Species8472

All right with you?

I understand your placement. And I can say that I have received positive credit interest by offsetting open foreign exchange and also discounts by charging interest.

It turns out that the rates they are charged are 'unconscionable'

I live account at FxPro and not suffer heavy charges rates and comissiões as with FXCM. Pay only 'Swaps' and the 'spread' is very low.

Perhaps the closing criterion of my orders are too tight (scalping) and it generates more profit for FXCM than me.


Don (240Z)
Dec 01 2014 at 17:54
50 ieraksti
the returns on the leaderboard are jaw dropping. thanks for a good contest FXCM

“Everybody should have a dream. What if that dream comes true?” – Jack Ma
Jason Rogers (jasonrogers)
Dec 01 2014 at 19:50
272 ieraksti
amelabs posted:
Jason Rogers, when do you think FXCM will sponsor another Myfxbook contest? I'll be better prepared when that time comes.


Hi Tony,

I don't have info on a future contest as this time, but we'll post info on Myfxbook again if one is scheduled.

Jason Rogers (jasonrogers)
Dec 01 2014 at 20:32
272 ieraksti
psadi posted:
Bang! Bang!

Stop! this is a robbery! 😈

Check this out!

- Deposits: $ 50,182.42

- Withdrawal: $ -8,901.28 (Committees Partner FXCM)

- Losses: - 24,062.78 (my fault)

- Withdrawals: - 8,901.28 = 17.74% of Deposits or 51.74%

on balance.


- Who can resist that?

Being broker is a great deal! 😇


Species8472 posted:
Paulo I would ask fxcm about it but I think (and I could definetly be wrong) that the withrawels as well as the additional deposits have to do the interest payments that must be made on all currency pairs daily. You need to familiarize yourself with the interest payments on overnight positions.


psadi posted:
Hi, Species8472

All right with you?

I understand your placement. And I can say that I have received positive credit interest by offsetting open foreign exchange and also discounts by charging interest.

It turns out that the rates they are charged are 'unconscionable'

I live account at FxPro and not suffer heavy charges rates and comissiões as with FXCM. Pay only 'Swaps' and the 'spread' is very low.

Perhaps the closing criterion of my orders are too tight (scalping) and it generates more profit for FXCM than me.




Hi Paulo,

There seems to be some confusion here about the 'Withdrawals' you see on your Myfxbook contest demo page. In fact, that withdrawal field includes any commissions you were charged on forex trades. With FXCM, you are trading on raw FX spreads from 10+ competing liquidity providers. I explain how the commissions work in detail in my first post on the first page of this discussion thread: https://www.myfxbook.com/community/contests/forex-contest-fxcm/840323,1

Note that the commission on a 100k standard lot trade (AKA 1.00 lots on MT4) is 100 times larger than the commission on a 1k micro lot trade (AKA 0.01 lots on MT4). Furthermore, you should consider that you've already traded about 2200.00 standard lots on your MT4 contest demo account: https://www.myfxbook.com/members/psadi/contest-psadi/1054142

In regards to FXCM's swap rates (AKA rollover interest), you will find that they are very competitive. You can view the real time rates listed as RollS and RollB by logging into Trading Station Web with your contest demo login details: https://tsweb.fxcorporate.com/

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