One option I thought of is that we could use the @FXCMUpdate Twitter feed to notify clients when changes to Daylight Savings Time will affect CFD trading hours. This feed is currently used to share updates related to rollover interest and dividends on stock index CFDs: https://twitter.com/FXCMUpdate
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.
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.
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.
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.
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.
Below are the Memorial Day trading hours for CFDs on Monday, May 26th. All times listed are in GMT. Forex trading hours remain unchanged, opening on Sunday between 21:00 and 21:15 GMT and closing on Friday at 20:55 GMT. For the holiday schedule for rollover interest (AKA swaps) visit the DailyFX Rollover Calendar. * While the Australian Securities Exchange (ASX) does not list May 26th as a holiday, they tend to close early on US holidays. That means there's a strong possiblity that AUS200 trading will close early for Memorial Day.
SUI30 will be closed for trading on Thursday, May 29th in observance of Ascension in Switzerland. Normal hours resume on Friday.
FXCM will soon be introducing CFD Share Trading with No Dealing Desk (NDD) execution. That means our clients can gain exposure to hundreds of large-cap shares with no re-quotes, no trading restrictions, and zero conflict of interest. While official launch date is still pending, you can request to receive early access.