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Forex Contest FXCM
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amelabs

Medlem sedan Nov 02, 2009  67 poster Tony Manso (amelabs) Nov 27 2014 at 04:00
HAHA! as of this writing, there are only about 100 people in the entire contest who are performing worse than me. eek

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

psadi

Medlem sedan Jun 13, 2014  22 poster Paulo Sadi (psadi) Nov 27 2014 at 08:05
wink

Do yours, my words Mr. Toni

psadi

Medlem sedan Jun 13, 2014  22 poster Paulo Sadi (psadi) Nov 27 2014 at 08:06
Bang! Bang!

Stop! this is a robbery! evil

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! twist

innaig86

Medlem sedan Oct 29, 2014  12 poster innaig86 Nov 27 2014 at 15:53
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

Medlem sedan Oct 29, 2014  12 poster innaig86 Nov 27 2014 at 15:54
Again, TP passed and order still opened.

:facepalm:

Species8472

Medlem sedan Jan 15, 2014  30 poster Species8472 Nov 28 2014 at 12:20
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

Medlem sedan Jun 13, 2014  22 poster Paulo Sadi (psadi) Nov 29 2014 at 11:50
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.


240Z

Medlem sedan Sep 05, 2013  50 poster Don (240Z) Dec 01 2014 at 17:54
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
jasonrogers

Medlem sedan Aug 12, 2009  272 poster Jason Rogers (jasonrogers) Dec 01 2014 at 19:50 (editerad Dec 01 2014 at 19:51 )
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.

jasonrogers

Medlem sedan Aug 12, 2009  272 poster Jason Rogers (jasonrogers) Dec 01 2014 at 20:32
psadi posted:
Bang! Bang!

Stop! this is a robbery! evil

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! twist


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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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.