Discuss Fxcm.com

[Jason Rogers]

TopTradr, the co-hosts of our weekly trading contest, are starting a new webinar series to share the "Secrets of a TopTradr". Their goal is to create a venue where people can learn from and ask questions of experienced traders representing a variety of approaches to the markets.

The subject of their first webinar is Kelly Tonkin, an experienced macro trader. Macro traders operate by looking for patterns in detailed and long term economic data and then using that knowledge to trade relevant financial markets. This trading approach was made famous by George Soros, the "Man Who Broke the Bank of England". But what's it like to seize the opportunity and capture the big moves (and big wins) by studying the long term economic forces behind the market?

Tonkin currently manages a $75M fund at Penrich Capital where he heads the UK division. His 20 years of experience in the industry includes time at Bankers Trust and Lehman Brothers. With his extensive career and strong belief in trading education and risk management, he looks forward to sharing his knowledge in the first "Secrets of a TopTradr" webinar.

I'll post more details with the exact date and time of the event when I receive them.

The first webinar in the "Secrets of a TopTradr" series is scheduled for Wednesday, April 9th at 14:00 GMT. You can register now for this free event.

The subject will be Kelly Tonkin, a macro trader and the investment manager of a $75 million fund at Penrich Capital. As a preview, here's an excerpt from a recent TopTradr interview with Kelly:

What attracted you to Forex trading specifically?

"Forex is one of the areas in which I believe economics can tell us quite a bit about likely future movements (with fixed income being another). In addition, foreign exchange markets are extremely deep so there are no concerns about liquidity problems or a sudden lack of bids/offers.

"One of our most memorable trades to date was through 2007-2008; Penrich held a short position in AUD. It took a long time for this to move our way... we found ourselves having a sizeable large long position in AUD only a couple of weeks after we had exited our long-held short position. AUD then rebounded very sharply through 2009 and we exited our position with a sizeable gain. This sharp fall and rapid switch from short to long was a strong reminder that we should never get emotional about a currency. Every currency is a good buy when it is sufficiently low and a good sell when it is sufficiently high. Falling into the trap of thinking that a particularly currency is inherently “good” and another is inherently “bad” is a sure way to lose substantial amounts of money."

 

[Jason Rogers]

End of Daylight Savings Time in Australia

Daylight Savings Time in Australia ends on Sunday, April 6th which means new trading hours for AUS200. Below is a list of our CFD trading hours starting next week.

Forex trading hours remain unchanged opening on Sundays between 22:00 and 22:15 GMT and closing on Fridays at 21:55 GMT.

 

[Jason Rogers]

Just a reminder that the first webinar in the "Secrets of a TopTradr" series is scheduled for Wednesday, April 9th at 14:00 GMT. You can register now for this free event.

The subject will be Kelly Tonkin, a macro trader and the investment manager of a $75 million fund at Penrich Capital. As a preview, here's an excerpt from a recent TopTradr interview with Kelly:

What attracted you to Forex trading specifically?

"Forex is one of the areas in which I believe economics can tell us quite a bit about likely future movements (with fixed income being another). In addition, foreign exchange markets are extremely deep so there are no concerns about liquidity problems or a sudden lack of bids/offers.

"One of our most memorable trades to date was through 2007-2008; Penrich held a short position in AUD. It took a long time for this to move our way... we found ourselves having a sizeable large long position in AUD only a couple of weeks after we had exited our long-held short position. AUD then rebounded very sharply through 2009 and we exited our position with a sizeable gain. This sharp fall and rapid switch from short to long was a strong reminder that we should never get emotional about a currency. Every currency is a good buy when it is sufficiently low and a good sell when it is sufficiently high. Falling into the trap of thinking that a particularly currency is inherently “good” and another is inherently “bad” is a sure way to lose substantial amounts of money."

 

[Jason Rogers]

FXCM Offshore Trading in Chinese Yuan (CNH)

FXCM now offers offshore trading in the Chinese Yuan (CNH) for our live clients. (demo availability coming soon)

CNH is an offshore version of the Chinese Yuan introduced by the Hong Kong Monetary Authority and People's Bank of China that allows investors outside of mainland China to gain exposure to the currency.

It's interesting to see how much the USD/CNH pair has moved in just the past 2 months!

The spread is typically between 20 and 25 pips, but you have to divide that by 6.2 to make a fair comparison with major currency pairs. That's because the value of a pip for USD/CNH is only about 1.6 cents compared to 10 cents for EUR/USD.

That comes out to between 30 and 40 cents in spread cost for a 1k micro lot trade on USD/CNH (the minimum trade size) or $30 to $40 for a 100k standard lot.

 

[Jason Rogers]

Holiday Trading Hours for April

Below are the holiday trading hours for CFDs in April. All times listed are in GMT.

Forex trading hours remain unchanged, opening on Sundays between 22:00 and 22:15 GMT and closing on Fridays at 21:55 GMT.

 

[Jason Rogers]

Holiday Trading Hours for May

Below are the holidays for CFD trading in May.

Forex trading hours remain unchanged, opening on Sundays between 22:00 and 22:15 GMT and closing on Fridays at 21:55 GMT. For the holiday schedule for rollover interest (AKA swaps) visit the DailyFX Rollover Calendar.

 

[Alex_Kolotuhin]

I have acounts in FXCM 3 years. I have to say, they improved during this time period about 100%. But if you want to trade news through their platform, you will loose lot of money. Their platform doesnt execute orders during news, that means they execute the order, but on the top after the first move in first 1-2 seconds. And they dont quarantee the stop loss and lomit order. I lost this way lot of money overthere and it was set up correctly. :unhappy: But for certain types of trades and traders they are acceptable. Very simple platform, I like it, it is ease to trade, but use larger stop loss better. Michal22

Да, полностью согласен. Этот брокер не пригоден для торговли на новостных релизах!

 

[Jason Rogers]

Да, полностью согласен. Этот брокер не пригоден для торговли на новостных релизах!

Hi Alex, what makes you say that? While I'm happy you visited our thread, I'm surprised you replied to a post that's over 6 years old! Welcome to the forum

 

[Jason Rogers]

Why You Should Care About Low Volatility

Bloomberg analysts have written at length over the past few days about possible causes behind the "death of volatility".

But there's good news! Low volatility is a blessing in disguise for most forex traders. This Wednesday and Thursday, the analysts at DailyFX are hosting a couple of free webinars to show you how to take advantage of current market conditions.

Low-Volatility Trading: The Two-Hour Trade Week
Wednesday, 14 May, 2014 10:00 GMT
In this webinar, Jeremy Wagner and David De Ferranti will show you how to find effective low-volatility strategies and automate your trades for big opportunities on a tight timeline. Register for Free.

Low-Volatility Trading: The Hunt for Breakouts
Thursday, 15 May, 2014 04:00 GMT
In this webinar, Jeremy and David combine an effective range-bound strategy, impending global economic news and aggressive trade management to hunt for coming breakouts. Register for Free.

 

[Alex_Kolotuhin]

hi alex, what makes you say that? While i'm happy you visited our thread, i'm surprised you replied to a post that's over 6 years old! Welcome to the forum

Здравствуйте, Джейсон. Я высказал свои впечатления от торговли с fxcm. Хотя это было довольно давно, но впечатления остались не самые лучшие от торговли на новостных релизах. Я не хочу обидеть лично Вас, я просто высказываю своё впечатление. Вполне возможно, что ситуация поменялась. Пост, которому уже 6 лет находится на первой странице, и я согласился с его содержанием. Извините, Джейсон, если обидел Вас своим ответом. Надеюсь, что я всё же не прав, и ситуация изменилась с того времени, когда я с торговал с fxcm. Желаю процветания Вашей компании.