FXCM Discussion - Page 2
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Thread: FXCM Discussion

  1. #11
    Yep,you absolutly right what you mentioned here,as became my account bigger,they did eveything to acquire account on guide, my freind did create 9000 euro,on position was open on gbp he's investing abig lots,guss what platform does,t recorded this position after he closed it.he called them to inform a bout it,they stated no position was opened at all.

  2. #12
    Thanks for the link, I did read lots of the reviews on FXCM (as well as others, such as ACM,Coesfx and GCI) , and I must conclude that FXCM isn't as horrible as created out. This is supported by several posters on the market (blended in with the complainers) which have said much of the very same things as I have?

    I am willing to bet when I created a review of Oanda (for example) for this website, a bunch of folks would rake and call them a scam too....should I try it??? And why is it that these so-called review websites have something

    I've had a live account with FXCM for almost 4yrs now, but just tried news trading because this past June....that's when I began to figure out that their policies make them unworkable during large news releases, thus I opened an extra accout with fxsol just for that kind of trading. Oanda was also another company I've thought about for news trading....

    I am not a full-time trader, and I am not tading substantial lots thru my reside FXCM acct, so maybe I am too small of a fish for them to spear....they has to be awaiting me to develop into a larger fish (LOL)

    Also, I have a friend that does all his trading on Fxsol, and we often trade together while chatting through Skype....NEVER, do the prices we note to each other EVER differ by greater than one pip....why is that? Is Fxsol as bad as FXCM???

    I can say is that I've been live trading off and on for 4yrs, and my trading has grown to the stage in the previous 6 weeks that I believe I can discriminate between my mistakes which lead me to lose money in the past, vs. the fact that I am gradually and softly profiting on two seperate live accounts, with two seperate retail brokers, however, using 2 unique technics to trade on each. It would of been less productive, it turns out, to blame the broker for my own loses, vs. owning up to the fact I did a lot of bonehead things when I did lose cash!

    It's true that nothing is ideal with any platform, it is all a matter of preference and trading style which makes a broker a liveable for each individual trader. These all-in, broad-stroke, broker bashes (no matter which on is being bashed) are not constructive.

    Short and Long, if the FXCM demo stole the Bigmo's cash, vs. maybe Bigmo not entirely undertanding their platform, then FXCM has to be dumb burglars....wouldn't I need Bigmo to do reeeaaalllly well on the demo, then twist him when he moves reside?????

    Maybe I am the criminal for believing this way: ....OK, I am off my soapbox now.

    If anybody wants to learn more about FXCM apart from a 1-2 sentence bitch-fest, feel free to email or PM me.

  3. #13
    Quote Originally Posted by ;
    1- Do not use FXCM to trade news....their policies will forbid you to do it successfully....hardly believe makes them Thieves!?!?!?

    2- Besides a situation relative to statement #1, can anybody offer any constructive arguement confirming how FXCM steals money????? Irrespective of your platform, I propose not placing stop losses at plogical hurdles or at R/S traces....you will lose $$ without a broker subsequently, IMHO!!

    3- If you are a momentum or position trader, the problems that occur during high volatility, probably will not affect your momentum or position trading egy.

    4- I don't work for, nor am I in love with FXCM, however I think they get a bad rap about this forum, and it seems to always have something related to trading the news....again, they are not a good news trading platform!!!

    5- I trade news with Fxsol, also have a process that works for me using their platform...I utilize FXCM for my own momentum/intraday trades b/c I just like their platform over anybody elses, plus, I believe it's more likely for them to not evaporate into the night....that is exactly what I would define as reliability each the main question in this thread.

    By all means, if anyone can share a specific instance of what a monster this broker is (besides at a period of a major news event)....please share, because this might impact my wallet in the end?????

    Thanks!
    If you want to find out more about fxcm.plesae check this connection they are at scam section. Link removed by moderator

  4. #14
    Quote Originally Posted by ;
    I'm using FXCM demo. I started a trade on the eur/jpy. Ihad the stop loss at 149.99. The chart never made it to 149.99 however, the FXCM chose to stop me in 149.99. I downloaded some free FXCM charts from their site to find out if the chart they've indied the price touched 149.99 later I began my trade. It did not. I staeted my trade just 5 pm US central time(9pm GMT).

    7251715 00395016 EUR/JPY 200 S 149.94 149.99 -10 -83.50 0.00 0.00 10/11/2006 19:07 10/11/2006 19:17

    7251479 00395016 EUR/JPY 200 S 149.90 149.99 -18 -150.30 0.00 0.00 10/11/2006 18:45 10/11/2006 19:02


    Whats going on here?
    Also, Bigmo, your trades were sells, and there's a 4 pip spread to exchange EUR/JPY with FXCM....would I'm incorrect in concluding that you were stopped somewhere between 6:00-6:05 pm CST??

    On a 5 min chart, the price goes to 149.96....take that price 4 pips, and the demo platform on FXCM will of said that your Close Price is 150.00....although you would never seen that particular close price in your open position window b/c you were stopped in 149.99.

    IMHO, the only way that you would not of been stopped is if the true price on a FXCM chart never surpassed 149.94....do you believe what I described is the case? Did you consider your price is 4 pips higher compared to what the chart says due to the spread to market the pair?

    Hope that this turns to a light bulb for you....lemme understand?

  5. #15
    Quote Originally Posted by ;
    THIS GUYS a lot of THIEVES,it constantly searching for your stoploss,they a requote and big slippage,I lost all of my money cus their platform freezing,you can,t close your posithion when you are in profite yoy need to try several times ,to get out of commerce,I closed my account with them, AVOID
    1- Do not use FXCM to trade news....their policies will forbid you to do it successfully....hardly believe makes them Thieves!?!?!?

    Two- Apart from a scenario relative to announcement1, can anybody offer any constructive arguement confirming how FXCM steals money????? Irrespective of your platform, I propose not putting stop losses at mental hurdles or at R/S lines....you will drop $$ without a broker then, IMHO!!

    3- If you're a momentum or position trader, the issues that occur during high volatility, probably will not affect your momentum or position trading egy.

    4- I don't work for, nor am I in love with FXCM, however I believe they get a bad rap about this forum, and it appears to always have something related to trading the news....again, they are not a fantastic news trading platform!!!

    5- I trade news with Fxsol, also have a procedure that works for me using their platform...I utilize FXCM for my momentum/intraday transactions b/c I enjoy their platform over anybody elses, plus, I feel it is more likely for them not to evaporate into the night....that is what I would define as reliability per the main question in this thread.

    By all means, if anyone can discuss a particular example of what a monster that this broker is (besides at a period of a major news event)....please discuss, as this could impact my wallet ultimately?????

    Thanks!

  6. #16
    Quote Originally Posted by ;
    ditto.

    However fxcm is much better than gft.
    Assessing two...
    You mean better is a person who takes less.

    kenyan

  7. #17
    Quote Originally Posted by ;
    THIS GUYS a lot of THIEVES,it always searching to your stoploss,they a requote and large slippage,I lost all of my money cus their platform freezing,you can,t shut your posithion when you are in profite yoy need to try a few times ,to get out of commerce,I closed my account with them, AVOID
    ditto.

    But fxcm is much far better than gft.

  8. #18
    THIS GUYS A BUNCH OF THIEVES,it Constantly Searching for the stoploss,they a requote and Large slippage,I lost my Cash cus their platform freezing,you can,t Shut your posithion when You're in profite yoy Need to try several times ,to get out of trade,I closed my account with them, AVOID

  9. #19
    Yeah i agree, i have had it with news. Its only when the news breaks out which you find out your a nobody in a man's game and prices go 20 or 30 pips like angry. I have stopped out and also the boys do not bother cause most of the time its not also and their money they have enormous capital with stop losses that were enormous.


    I will utilize both, fxcm powerstation and mt4 chart, because the mt4 is easier to control and read, but will utilize the fxcm powerstation for actual price and exit and entry points.

  10. #20
    Quote Originally Posted by ;
    Up to charts: mine are from Fxtrainer with an FXCM feed, and I also maintain a free chart from net dania with an FXCM feed on it b/c I am a bit paranoid too. I exchange from my home and also from my office using 2 computers (IE seperate IP addresses).

    My decision: FXCM isn't out to get me, b/c I've not found one instance when I check all of the feeds from both computers and also see the price is obviously right on (but most of my stops are mental and I manually accept any losses)....so, if they are screwing someone....it would have to be everybody in my mind!!!!

    Jim
    Hey Mo, yes, best to go by charts which incorporate the FXCM feed....if I am reading correctly, you still look concerned that the platform price won't correspond with the chart price? I honestly do not think that is the case from the 2 charts mentioned above that I've up always....the platform price is obviously right on....unless it is during HIGH volatility....at which stage it's nearly impossible to cross mention both....but again, my opinion isn't to mess with attempting to go into a place or keeping a place open with a stop loss during news time with FXCM...I am telling you if you avoid those 2 situations, you won't have a problem.

    Can you disagree....please share, as it may influence my wallet also???
    -Jim

    PS, I have no experience with metatrader, but maybe that is a problem too....you can not rely upon the FXCM platform while operating with Metatrader....of course, I have no idea if that is a feasible conclusion since I don't do MT

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