Fractional Pips
Friday, September 21st, 2007If you trade either demo or live with FXCM, you’ve probably noticed an extra digit in your prices, recently. That’s because we’ve just started quoting prices out to a further digit. So, now, instead of seeing a EUR/USD price of, say, 1.3587, you’ll see a price of 1.35874. I’m so used to seeing prices only […]
The Worst Offenders: Pairs for Trading
Friday, September 14th, 2007Worst currency pairs in terms of profitability revealed. To compare the extreme losses of the worst pairs, you can compare AUD/CHF to NZD/JPY. For every dollar of average net profit on AUD/CHF, there were over $6.20 of losses in NZD/JPY.
FXCM’s adding new pairs!
Thursday, August 23rd, 2007We’re now in the process of adding 4 new pairs to trade on certain account types, which will open up exciting new trading opportunities. AUD/CHF is being added to all accounts, while GBP/CAD, GBP/NZD, and USD/DKK are being added to 100k accounts.
I think the most exciting new prospect for me is the GBP/CAD. It has […]
The coolest new tool around: FXCMautotrader!
Thursday, August 9th, 2007We’ve got this new platform called FXCMautotrader, and it’s really cool. It is a tool for setting up a managed FX fund. Basically, it is filled with over 200 different automated trading systems trading various different strategies on different currency pairs. With a few clicks of a button, you can try different ones out, and […]
Keeping Your Finger on the Pulse of the Market
Wednesday, August 1st, 2007DailyFX.com just launched a really awesome new calendar. If you haven’t looked at it yet, check it out at http://www.dailyfx.com/calendar/.
The best thing is that the calendar isn’t static, like the old one. It updates with all the numbers when they come out, so you can see the Actual numbers, as well as the expected and […]
Have FXCM Trade For You
Thursday, July 26th, 2007Lately, it seems like we’re coming out with something new everyday. The latest product from FXCM is Managed funds. These are designed like mutual funds, where FXCM’s computer systems do all the trading for you based on extensively tested automated systems. We’ve been offering the successful Sentiment Fund to clients for some time now, and […]
How can I use DailyFX PLUS? Part 1: The Technical Analyzer
Tuesday, July 17th, 2007DailyFX PLUS is a great tool for live clients, and is also available to demo account users for this week. There’s a lot to use there. The tool I use the most is the Technical Analyzer. It’s always up-to-date, because there are posts every few hours, over 70 per day. It also covers a lot […]
Segregated Accounts
Monday, July 9th, 2007It’s not a nice thought, and I’ve talked to many traders before about it. FXCM could go bankrupt. Many companies before have, and many in the future will. If an FX firm in the USA goes bankrupt, you’re probably not seeing much of your money again. That’s the grim reality. So, it’s important to know […]
At Best Orders – Finally! I can get out!
Thursday, July 5th, 2007We’ve all been there. You’re in a trade, the market does something unexpected, you need to get out, and you can’t. You get some message about the market moving, or some dealer taking his sweet time just to give you a horrible new price… and you can’t get out.