Highlights of this upgrade: - Micro lot sizes (approximately 10 cents per pip) for popular CFD instruments (US 30, SPX 500, UK 100 ...) - Lower Margin Requirements (UK 100 minimum margin requirement was $90, New MMR is $9) - Smaller trades sizes mean more flexibility and lower transaction costs (Spread on GER 30 lot was $2.40, but is now 24 cents) As always, there are no re-quotes when trading with FXCM
Daylight Savings Time in the US begins on Sunday, March 9th. That means the following changes to FXCM trading hours in GMT starting next week. Forex trading opens on Sundays between 22:00 and 22:15 GMT. The trading desk closes on Fridays at 21:55 GMT. In addition, for FXCM clients on our newest MT4 server which has New York Close charts, please note that the time zone on your server is switching from GMT+2 to GMT+3 to remain in sync with the 5pm New York Close.
FXCM will be holding a free CFD & FX Boot Camp at the The Pan Pacific Perth Hotel on Monday, 24 March from 5:30 to 9 PM. We will take a look at the recent movement of Gold and the Aussie Dollar and show you how you can continue to take advantage of the opportunities created by all the action. Here's a video from last year's boot camp: <iframe width="853" height="480" src="//www.youtube.com/embed/uH5yvMcNSus" frameborder="0" allowfullscreen></iframe> Registration is free but space is limited so reserve your seat today!
FXCM is looking at ways to improve the online support we offer to you, but before we make any changes, we'd like to know more about your preferences. Please take a moment to complete our short survey. Your feedback from the survey will be individually read and used in our improvement plans. Thanks in advance for your input!
We've recently received calls from traders experiencing difficulty with the latest MT4 build released by MetaQuotes (Build 625). Problems reported range from missing charts or missing rates, to an inability to launch the platform altogether. Our customer service team has been able to assist people having these issues, so I encourage you to contact our 24-hour live support, if you updated to MT4 Build 625 and have any of the problems I mentioned.
European Summer Time begins on Sunday, March 30th which means the following changes to FXCM 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.
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 âgoodâ and another is inherently âbadâ is a sure way to lose substantial amounts of money."
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.
Thanks! We should set up an alarm or something about DST. I mean for some people, this could cost them a lot.