FXCM contest anyone ?

[London prisoner]

I am going to enter that contest, shooting for a top 5 finish.
Would like to hear from previous winners regarding their experience with FXCM and particularly if they found any benefit in getting their records publicized.

 

[JonnyT]

You enter mate but don't day trade as they will ban you according to www.elitetrader.com/vb

JonnyT

 

[London prisoner]

For some reason they won't allow scalping I think. Anyway that wouldn't get you very far IMO. But daytrading yes of course it is allowed. That's how they make their money.

 

[JonnyT]

London prisoner what methods do you employ?

JonnyT

 

[kjb]

Hi all,

Complete novice would like to ask dumb question - what is scalping???

Kev.

 

[options]

couple of points/pips per trade.

 

[kjb]

OK thx so why would scalping be disallowed? Surely each trade would mean more profit for the dealer because you have to beat their spread each time before any profit?

Kev.