Fxcm

This is a discussion on Fxcm within the First Steps forums, part of the Reception category; Does anybody have any experience of trading with FXCM?...

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Old Jan 17, 2011, 5:48pm   #1
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Fxcm

Does anybody have any experience of trading with FXCM?
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Old Jan 17, 2011, 6:42pm   #2
 
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Re: Fxcm

A little, no problems.
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Old Jan 18, 2011, 8:03am   #3
 
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Re: Fxcm

Huge broker. No complains.
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Old Jan 18, 2011, 9:31am   #4
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Re: Fxcm

http://www.forexrealm.com/brokers-reviews/

However I would be very careful with these reviews. A lot of newbies think they should make money trading and if they lose they accuse the broker of scam.

Last edited by intradaybill; Jan 18, 2011 at 9:41am.
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Old Jan 19, 2011, 8:22am   #5
 
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Re: Fxcm

Quote:
Originally Posted by intradaybill View Post
http://www.forexrealm.com/brokers-reviews/

However I would be very careful with these reviews. A lot of newbies think they should make money trading and if they lose they accuse the broker of scam.
YES! Broker, EA, trading system - everybody except user!!!
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Old Jan 19, 2011, 9:26am   #6
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Re: Fxcm

JtheD started this thread
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Originally Posted by Faros View Post
YES! Broker, EA, trading system - everybody except user!!!

Well lets face it how could we get it wrong!!!
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Old Jan 19, 2011, 9:31am   #7
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Re: Fxcm

JtheD started this thread
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Originally Posted by JtheD View Post
Well lets face it how could we get it wrong!!!
Its easy to get paranoid but at the risk of annoying some of the other contributers unless you have the mind of a rocket scientist and a phenominal memory as well as an ability to read very fast you are likely to get it wrong sometimes

I daren't mention RANDOM right now
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Old Jan 19, 2011, 10:53am   #8
 
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Re: Fxcm

LOOK

I was just about to go long during NFP GBPUSD as they recommend on FPA. As soon as a clicked on the buy button price moved in my favour. Before I knew it those b@stards at FXCM had widened the spread to 6 and price gapped over my 5 pip stop. Price moved so fast down that it wiped out my whole £50 account and left me owing a further $20.

THOSE THEIVING B@ASTARDS: mad:
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Old Jan 19, 2011, 12:34pm   #9
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Re: Fxcm

JtheD started this thread I think its always a risky business trading these siglas.
Capital took 21 pips off me this morning at 9.30 in spite of a ten pip stop and limit.
The fact that the market only appeared to go down makes me think any of the brokers can do anything they want and get away with it at spikes.
Perhaps I give in too easily but I think they are best avoided
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Old Jan 19, 2011, 12:58pm   #10
 
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Re: Fxcm

Five pips is nothing for currencies. It is within random volatility. Up to maybe 20 pips it is random. If you want to make money with currencies the only way to beat the banks is by trend following.
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