EUR/USD & GBP/USD & AUD/USD Forex Trading

Quote from ddaytrader:

I think FXCM is being made to wear a black eye that all forex brokers deserved in the early days (and many still do).

I have had only one trade issue with them due to a system issue on their end, and as I said yesterday, not only did they make me whole, but they gave me an extra $25 for my trouble. Now, $25 is not much at all, but if you listen to some folks who complain about FXCM, you'd have thought it more likely that they would have charged me an extra $25 just for submitting the complaint!

I do remember the old days as well (I still have a well-funded account with Refco, it you get what I mean), but FXCM has changed alot since the days of the perpetual requote and cancelled trades. And the spreads on the micro account cannot be beat. EJ is usually 1.2 and I have seen it as low as 0, and the same goes for the EU. The GU is usually 1.8, but I have seen it less than 1. In fact, as a scalper, I'm surprised you haven't given them another look.
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Yeah you know you're probably right but it's a typical case of mud sticks, give a dog a bad name etc etc

Then to come on a trading forum (apparently 'Jason' isn't his real name either, despite signing his posts with it) and talk about how they execute trades back-to-back with a global bank or financial institution and compare themselves to Hotspot FXi and EBS, well it just reminds me of how things used to be with them.

If they work for you and they do what you want then who's to say it's wrong, loads of people rib me for trading with Oanda!

What's the saying, "fool me once shame on you, fool me twice shame on me!"

.......or as George W would say.....


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Quote from cabletrader:

Then to come on a trading forum (apparently 'Jason' isn't his real name either, despite signing his posts with it) ...
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I do have emails from him from an "@FXCMdotCOM" address that would indicate that his first name at least starts with "J". He has signed his emails Jason Rogers, and his email address from FXCM indicates that his last name is Rogers.

I would bet that his real name is actually "Jason Rogers."

But if it isn't who cares? After all, my name isn't really "ddaytrader" and yours isn't really "cabletrader."

So long as my orders are reasonably executed and my withdrawal requests processed in a timely manner, I'm a happy trader, win or lose (though I am much happier when winning than when losing).
 
I did have a question...when I have used trailing stops...I entered right at the trade...meaning at the entry...am I going about this wrong and should set at another time?
 
Quote from ddaytrader:

Ok, now I'm starting to suspect that you're a complete phoney and that you started this thread to see how long you cold string along and fool us good natured folks who'd like to help you out.

Not for nothing, but that is what a stop is for - to take you out!

Instead of doing the trading equivalent of Russian Roullette, why not slow down and learn to trade instead?
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sorry this offended you...I was looking at the 'no stop' mention if having a real lot in the account...as thought about it...realised...probably not best...just need to learn how to use tstops correctly...thanks for your input...
 
Quote from ddaytrader:


I do have emails from him from an "@FXCMdotCOM" address that would indicate that his first name at least starts with "J". He has signed his emails Jason Rogers, and his email address from FXCM indicates that his last name is Rogers.

I would bet that his real name is actually "Jason Rogers."
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Company reps on this and other forums use their real names, or the name of their company, which seems the most straightforward way to do it. FXCM apparently don't for some reason.

I'm sorry, I just think things like this, and the 'back to back with a bank' nonsense, and the scaremongering over stops and limits, and their NFA track record, and their past association with Refco, and their mysterious association with DBFX, and the problems traders have had with them in the past, and, and, and.....I think all that presents a very bad impression for a company the size of FXCM and doesn't exactly inspire trust and confidence.

The marketmaking business is fiercely competitive and I can honestly say I would not even consider them as a company to do business with regardless of how tight their spreads are or how good their execution is, I simply don't trust them, period.
 
Quote from increasenow:

sorry this offended you...
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I was aiming for sarcasm. Don't sweat it, I was not offended at all, and I'm sorry you took it that way.

I do wish you well.
 
Quote from increasenow:

I did have a question...when I have used trailing stops...I entered right at the trade...meaning at the entry...am I going about this wrong and should set at another time?
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How do you mean, give us an example.
 
Quote from ddaytrader:

I was aiming for sarcasm. Don't sweat it, I was not offended at all, and I'm sorry you took it that way.

I do wish you well.
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thanks man and really appreciate you trading insight and input here!
 
Quote from cabletrader:

How do you mean, give us an example.
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okay...it may be that I am understanding trailing stops incorrectly...

Example:

Eur/USd at 1.4400

at the moment initiate sell eurusd at 1.4400...stop is at 1.4450 and put in trailing stop of 'step' of 30 and 'distance' of 10...my 'overall' profit target is 1.4350...so hoping at worse, profit would be like 20 ...am I off here...?thanks...
 
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