Discuss Fxcm.com

[Jason Rogers]

Trading Video: Fear Hesitates, China Bolsters Its Fight, Oil Keeps Burning

 

[asaf sella]

Hello,
I want to ask please a question about the swap rates. FXCM are publishing a calendar with their swap days and swap quantities. there are some days on the week that they aren't pay or charge swaps at all and there is a one day that they are paying between 4 to 6 swaps (this is not the regular tripple day like most of the brokers)

dailyfx.com/rollover-calendar

my question is: if someone know any other similar broker to FXCM ?

 

[ForexVerified]

Here you can find what you're looking for: http://www.myfxbook.com/forex-broker-swaps

 

[Jason Rogers]

Hello,
I want to ask please a question about the swap rates. FXCM are publishing a calendar with their swap days and swap quantities. there are some days on the week that they aren't pay or charge swaps at all and there is a one day that they are paying between 4 to 6 swaps (this is not the regular tripple day like most of the brokers)

dailyfx.com/rollover-calendar

my question is: if someone know any other similar broker to FXCM ?

Great question, Asaf

Every week, there are 7 days' worth of rollover interest which have to be taken into account. In a normal week, when there are no bank holidays, 1 day worth of interest is applied at 5pm New York Time on each weekday except for Wednesday, when 3 days' worth of rollover interest are applied. Rollover interest is applied at 5pm New York Time, because that marks the end of one 24-hour trading day and the start of the next in the forex market. If you have a trade that's open at the stroke of 5pm, then you will either earn or pay rollover interest at this time depending on whether your are long or short the currency with the higher interest rate of the pair.

The reason why you see some weekdays with no rollover interest is applied is due to bank holidays. When that is the case, the rollover interest must be applied on another weekday instead. For example, Monday 18 January is Martin Luther King Day, Jr. Day. That's why you see no rollover interest being applied at 5pm on Friday 15 January. To make up for this, there are 4 days' worth of rollover interest applied on Wednesday 13 January, instead of the normal 3 days.

This method of applying rollover interest is not unique to FXCM. It is how banks around the world including our liquidity providers apply rollover interest. As you have noted, the DailyFX Rollover Calendar to see the schedule.

 

[Jason Rogers]

COT-Specs Increase Euro Longs Most Since June 2015


In his weekly report on the Commitments of Traders (COT) data, Jamie Saettele discusses extreme positioning in the Euro.

Commitments of Traders data are available as an MT4 indicator on FXCMapps.com

 

[Jason Rogers]

FXCM Reports Spread Data for 2015
EUR/USD Spread Averaged 0.3 during Peak Trading Hours in 2015
EUR/USD Spread .1 or less 8.32% in 2015


Today we reported our worldwide average spread data on several of the top currency pairs.

The data were compiled using the average spread for standard accounts during peak market trading hours as well as non-peak trading hours. We also looked at the percentage of time spreads were .1 pip or less, at any time of the day.

Below are the data for EUR/USD, and you can see the info for other pairs in the full report.


75% of EUR/USD orders and volume in 2015 across all FXCM entities were traded during Peak Trading Hours
(1am EST 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends)


Average Spread During Peak Trading Hours: 0.3 pips (rounded up from 0.292)

• Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
• Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
• Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot

Average Spread during Non-Peak Trading Hours: 0.6 pips (rounded up from 0.553)

• Total round trip cost = 0.6 spread + $0.04 + $0.04 commission = $0.14 all in cost per 1K lot
• Total round trip cost = 0.6 spread + $0.40 + $0.40 commission = $1.40 all in cost per 10K lot
• Total round trip cost = 0.6 spread + $4.00 + $4.00 commission = $14.00 all in cost per 100K lot

Percent of time .1 or less 2015: 8.32%

• Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
• Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
• Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
  

Commissions shown in trade cost calculations represent accounts with a base currency of USD and are for most standard account holders. However, FXCM does offer discounted commissions at various levels for high-volume traders trading over $50 million in notional volume monthly or with account balances of over $25K.

 

[Jason Rogers]

Trading Hours for Start of Daylight Savings Time in the US


Hi Everyone,

Daylight Savings Time will start in the US on Sunday, March 13th. That means the trading hours for CFDs that follow US market times will shift by one hour starting next week. Below are the updated times.

Forex Trading Hours

In terms of New York Time, the trading desk will still open at 5pm on Sunday and close at 5pm on Friday as always. However, since New York Time will shift this weekend from GMT-5 to GMT-4, the trading desk hours will also shift by one hour in GMT terms. Starting next week, the trading desk will open at 21:00 GMT on Sunday and close at 21:00 GMT on Friday.



A special note for all MT4 clients on our New York Close servers

The time zone on our New York Close MT4 servers will change this weekend from GMT+2 to GMT+3. In this way, midnight on your MT4 charts will stay in line with the 5pm New York Close. If you have any EAs or indicators that use a GMT offset, please update them to GMT+3 this weekend.



Note: I will be out of the office for the rest of the week and will respond to your posts and private messages when I return.

 

[Jason Rogers]

Holiday Trading Hours for March


Below are the CFD holiday trading hours for Good Friday and Easter. Forex trading hours remain unchanged, and you can view the holiday rollover interest schedule here: http://bit.ly/20Hpj6s

Times below are in GMT

 

[Jason Rogers]

Forex Technical Focus: Crude Oil Update

 

[Jason Rogers]

Brexit: IN or OUT?


The Brexit referendum is the outcome of a policy initiative by the British Government to give citizens the chance to vote on whether Britain should remain a part of the European Union or whether the country should leave.

The referendum date has been set for 23rd June 2016 and following the European Union Referendum Act 2015 will put the following question to the electorate via a ballot:

Should the United Kingdom remain a member of the European Union or leave the European Union?

The lead up to this vote is likely to cause volatility in the markets which could provide opportunities to traders as both outcomes will cause a certain amount of immediate uncertainty.

If Britain decides to leave the EU, there will likely need to be a period of 2 years to be able to give notice along with a trade deal renegotiation and if Britain stays, there remains the question of the negotiated settlement and whether this could be overruled.

The DailyFX research team can help you to navigate the ongoing Brexit volatility in a unique series of webinars ending with a rally in the final week.

What would a Brexit mean for the UK economy, assessing both the short and long term impacts? How will the decision affect traders across multiple markets? How will the Pound react? To hear their insights and analyses on the impact of this vote, you can sign up for the free webinar series.