Forex rebates on every trade - win or lose!

Yes thanks Hilary, I do need to change but I've been using CMC for ease and small stakes while I learn my trade so to speak.

Any way last month was my best month ever and this week I have had 4 positive days and earned more in that short time than I earned in the whole of last month
so I'm chuffed to say the least :-))))))

Hi everybody, hope your all having a good summer, nice to be back in the warmth, found the last wk in uk v.cold.

Hilary, you ever have problems with fxcm, guy sharing flat with had problem closing a position with them yesterday( his first problem) and there have been times when price seems to lag behind market when it gets volatile(this maybe our internet causing that) but cmc seems to keep up.

Does anyone know anything about a company called alpari?

Harlosh
Do remember that part of this game is also losing. Otherwise you might start to think you've joined the MoTU Club. An essential part of the learning process (for me at least) is knowing WHY you have not been succesful - and attempting to amend your strategies accordingly.

If we always got it right then we could make a fortune on the Seminar/Training Circuit - ask Bullshare/Limpsfield Chartist/Tom ...... they are perfect traders!! Hilary might be a candidate as well. As for chocciepoops - she's so succesful she doesn't need to think anymore - she just sprinkles hundreds and thousands and the market obeys :)))))))))))))))

mg (after a few summer-time snifters)

Yes I know thanks mg. I have given plenty to CMC over the last few months but instead of giving them money on a daily basis I am now, overall, taking money from them but I am all too aware of the dangers of over confidence. I'm not getting carried away with it I assure you. Just having a little celebration for (appearing) to have turned the corner.

Thanks for the advice though.

Just a word of warning for those attempting to put in limit orders through Fins.

I placed such an order a few weeks back moments before a news item to catch the possibility of a big move in my favour. It did move in my desired direction yet the platform showed no orders being triggered and the limit order was still active. I just assumed that it missed my price.

As we all know on forex there's always the possibility that a retracement can be very rapid and the last thing I wanted was to be left holding a limit buy order as the price was falling through my trigger price!

I rang their trading desk to cancel my limit order as I wasnt able to do it manually on the platform. It transpired that the buy order was triggered but about 15 ticks higher. It was 60 ticks in profit so I immediately closed out but when I confronted them for the reason why it didnt show up on my open positions, their reply was that there could have been a delay on the browser. So the delay must have been 3 minutes???

What a load of b******ks!! Just another one of their tactics to screw the clients!

Luckily, I closed out for a profit...Phew!

As I'm still a newcomer to forex I'll stick with Fins for now but will be looking at opening a proper broker's account once I'm more confident and I've screwed Fins for a 1m LOL

goforit,

I've had no problems with them whatsover in getting in and out of the market. I mainly tend to use orders though rather than trying to do it manually. I find it more relaxing.

As for their prices lagging, I've found this true sometimes of the FX Power charts which use the FXCM feed, but not of their Trading Station platform which always appears spot on. I assumed that the lag was probably because it was on a different server.

Hilary,

I've been looking at FXCM over the weekend. Do they widen their spreads at volatile periods, news etc?

(and what are those dingalings I keep hearing. I think it might be news but I can't seem to find the streaming news on the platform) :-)

Thanks

Edit: Sussed the Squawk Box now Hilary - now where are the charts?

H,

Yes, the dingalings are news items coming into squawk box. I've shuffled my screens around recently and have turned the sound off on the PC which runs Trading Station.

There's another plug-in that you must use to integrate charting within the Trading Station itself. It's called MarketScope or something, although I've never tried it myself.

FXCM also supply the data feed for a lot of charting packages which are web based. I guess that most people here probably use the FX Power Charts because of the ability to store multiple settings for re-use the next time that the application is started. My favourite charts are actually the FX Trek Intellicharts.

Link to different charts here

Re the spreads, it's constant. They did pop up a message on Friday giving advance warning that execution might be a problem during the NFP's. As I said the other day, I tend to use orders to enter the market which solved that problem. The prices can gap on news.

Many thanks for all that Hilary - I really like the Squawk Box, very useful indeed by the looks of it (except for the dingalings) :-)

I'll try the demo out over the next month or so then will probably change to it.

Thanks again.

Just a thought which was prompted because I received a notification a few minutes ago about Eligible Securities or something.

The BoE website has a RSS newsfeed wotsit which is free subscription. It notifies you as soon as minutes and rate decisions, etc are put on their website. Worth having imo.

Bakko,
I am new to Forex, as well. Interesting to read about your experiences with Finspreads. My mate's partner lost 750 after their server apparently crashed at an inopportune moment recently. Not happy.

Harlosh,
A tad concerning to read about your delayed "filling" with CMC. Could this be a one-off occurrence, do you think?

Hilary,

The BoE Wesite sounds excellent thank you. Much appreciated.

Markus,

I very much doubt it. Read the ongoing CMC thread if you need any more convincing. :-)

Dollar Drops Across The Board After Fed Pauses

Fed Leaves Rates At 5.25%; Still Sees Inflation Risk

Markus,

I suppose you will have trouble trading the news with any of the SB companies to be honest. I have accounts with Fins and CMC neither of which are too hot in that area. I don't know what the others are like but I doubt they are any better.

If I had my time again I would probably go straight to FXCM - I love what I've seen of it so far but it is hard enough trying to learn to trade Forex without having to learn a new platform at the same time. Having said that if you are patient enough, that would be my advice.

Good luck - Lord knows you will need it with this beast but if you are disciplined enough it can be done (though you might need deep pockets to begin with ) :-))

There was me thinking I had a hole in my pockets

Seem to hear lots of good things about fxcm, does anyone know anyone who trades large amounts, because they look similar to cmc and presumably if you start to take serious amounts of the table..............

Is anyone trading fx futures or thru IBs.

GFI There's a world of difference between cmc and FXCM. FXCM are a broker who make their money from your commission.The more you make and the more you trade the better for them, as for cmc, well........

So who do YOU use, Seymour? FXCM?

Markus, I use cmc :-)

However, I'm still cutting my Forex teeth, and if it works out I will be using a broker where I do pay a commission for each trade.

It's all about terrorism this morning.

goforit,

Depends what you call a large amount, but you'll probably find that most people who use FXCM look at 10/pip on cable as a minimum. Anything less and it's not worth getting out of bed in the morning.

I'll hazard a guess that the average position size with them is around 30 or 40/pip.