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Forex and Futures

  #11 (permalink)
mangolassi
Boston, MA
 
Posts: 166 since Dec 2014
Thanks Given: 61
Thanks Received: 126


bill999 View Post
When you submit an order in Forex, the price is 2 or 3 points higher than the market. Like you say that's paid to the broker, like a commission only they call themselves commission free - A play on words. You have to make up for that extra in your getting in at the right time.

Not necessarily true. Spreads exist in every market - stocks, futures, forex. The spread varies from broker to broker with forex since there is no centralized exchange and it depends on the competitive liquidity provided by the banks and also the markup that the broker wants to put on it. However, some brokers are razor-thin with their spreads, like FXCM. IB is also a good broker for tight spreads. They both charge commission for these tight spreads, which is no different from a futures broker charging commission.

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  #12 (permalink)
 bill999 
Fort Myers, Florida
 
Experience: Master
Platform: TradeStation
Trading: Currency
Posts: 25 since May 2015
Thanks Given: 0
Thanks Received: 7

Do you know the forecast spread on tradestation? As opposed to fxcm or in. Are there any ea languages that fxcm accepts. Or
Are these eas a scam. It's just bare knuckles trading with indicators
I keep getting Big A push emails. Isn't collective which is a front end
To IB a scam? Since their TW front send software is old and obsolete,
They hook you some way. I here they are not honest in fired.

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  #13 (permalink)
 
Jason Rogers's Avatar
 Jason Rogers 
New York
 
Experience: Intermediate
Platform: Strategy Trader
Posts: 166 since Aug 2010
Thanks Given: 122
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bill999 View Post
Are there any ea languages that fxcm accepts.

Hi Bill, our MT4 platform will allow you to run EAs coded in MQL. FXCM also supports automated trading with the following platforms (languages): Trading Station (Lua), NinjaTrader (C#) and MultiCharts (EasyLanguage).

If you have questions about our services at FXCM please send me a Private Message.
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  #14 (permalink)
 bill999 
Fort Myers, Florida
 
Experience: Master
Platform: TradeStation
Trading: Currency
Posts: 25 since May 2015
Thanks Given: 0
Thanks Received: 7

Fxcm has too many complaints. I heard when you start making money fxcm goes to hell. They even close out your account when you start winning. Every trader trades to win, works on their journals, follows trading rules. To not trade is a trading decision. Why would fxcm suddenly kick out traders because they are winning?
Where does fxcm get their money? Do the central banks under thetable some cash to some of these brokers, kimosabey? I haven't seen any trade staton complaints. There's even a complaint screen to make a complaint. So, I'm avoiding ib and fxcm. What is your opinion?

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  #15 (permalink)
mangolassi
Boston, MA
 
Posts: 166 since Dec 2014
Thanks Given: 61
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bill999 View Post
Fxcm has too many complaints. I heard when you start making money fxcm goes to hell. They even close out your account when you start winning. Every trader trades to win, works on their journals, follows trading rules. To not trade is a trading decision. Why would fxcm suddenly kick out traders because they are winning?
Where does fxcm get their money? Do the central banks under thetable some cash to some of these brokers, kimosabey? I haven't seen any trade staton complaints. There's even a complaint screen to make a complaint. So, I'm avoiding ib and fxcm. What is your opinion?

Poats like these serve only to degrade the quality of this forum.

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  #16 (permalink)
 
Jason Rogers's Avatar
 Jason Rogers 
New York
 
Experience: Intermediate
Platform: Strategy Trader
Posts: 166 since Aug 2010
Thanks Given: 122
Thanks Received: 153


bill999 View Post
Fxcm has too many complaints. I heard when you start making money fxcm goes to hell. They even close out your account when you start winning. Every trader trades to win, works on their journals, follows trading rules. To not trade is a trading decision. Why would fxcm suddenly kick out traders because they are winning?
Where does fxcm get their money?

Hi Bill,

If there were any doubts before, it should be pretty clear now that FXCM does not benefit when clients lose on our No Dealing Desk (NDD) forex execution. That's because we offset each of your orders one-for-one with the best prices from competing liquidity providers. Therefore, we don't profit from your losses, or lose from your profits. Instead, we make money from your volume. As a result, we want you to be profitable, so you will continue trading.


bill999 View Post
There's even a complaint screen to make a complaint. So, I'm avoiding ib and fxcm. What is your opinion?

We have online forms to make it more convenient for our clients to submit inquiries. As of the latest publicly available data, our client base is made up of 222,719 tradable retail accounts.

If you have questions about our services at FXCM please send me a Private Message.
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Last Updated on May 22, 2015


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