FXCM Announcements

If you’re trading the CHF pairs, you may notice that the rollover rates for going long the CHF are becoming more expensive. This is happening because the Swiss National Bank has dropped overnight rates to near zero in order to make it expensive to hold swiss francs. DailyFX has an article about this and here’s an excerpt from it:

The Swiss Franc’s meteoric rise against the Euro and US Dollar has left the Swiss National Bank on the defensive, and the currency’s latest moves make it exceedingly expensive to hold CHF long positions for the forex trader.

[I]On August 3 at approximately 07:00 GMT, the Swiss National Bank announced that it would cut its short-term interest rate to as close to zero as possible—effectively making it far more expensive to hold Swiss Franc positions.

Indeed, overnight interest rates have recently fallen near record lows. At 0.035%, the current overnight yield is effectively at zero and makes the currency a far less attractive long against much higher-yielding counterparts.[/I]

[B]Swiss Franc Spot/Next Interest Rate[/B]

Source: Bloomberg Professional Service

[B][/B]There is[B] 4X rollover today (August 31)[/B] for all currency pairs (except TRY pairs) due to a US bank holiday on Monday, September 5th. This Friday (September 2) there is no rollover for any currency pairs. Please keep this in mind if holding any trades open at 5:00pm ET.

There will be no changes for forex trading hours due to the September 5th holiday in the US, but there will be modifications for some of the CFD trading hours on Monday September 5th. Below is a list and all times are in GMT.

[B][U]CFD Trading Hours for Monday September 5th[/U][/B]

I’m excited to announce the launch of FXCM’s new online web platform called Trading Station Web. Login Now

[B]The Trading Station Web platform is available at https://tsweb.fxcorporate.com/[/B]

You now have access to the Trading Station in three formats – on your web browser, desktop software and mobile devices.

We’ve added a link to access the web platform from our FXCM US and FXCM UK homepages:

For our UK traders near London, [B]FXCM is hosting live, free seminars every second Wednesday at 6 PM in our London Office[/B]. In these seminars, our in-house Analysts and Traders will show you how to combine technical with fundamental analysis, how to place trades via the platform and how to formulate your own trading strategy. You can view the schedule and register at Spread Betting Daily Webinars, Financial Spread Betting Tips | FXCM. We look forward to seeing you there!

If you have feedback or questions, then let me know!

  • Jason

The NYSE trading floor now has streaming currency rates provided by FXCM. The currency boards were turned on yesterday. Check it out! :slight_smile:

FXCM Debuts Currency Rates on the NYSE Trading Floor - YouTube

FXCM would like to notify you that [B]forex trading hours will be normal on Thursday, 24 November - Friday, 25 November[/B] in observance of the United States Thanksgiving Day holiday.

Trading hours will change on [B]Thursday, 24 November - Friday, 25 November[/B] for some CFD trading instruments.

The times listed below show the change to CFD trading instruments in GMT.

For additional trading-related updates, please visit FXCM Platform Status.

[B][U]FXCM Extends Forex Market Trading Hours Starting Friday December 9th[/U][/B]

In response to popular demand, FXCM has decided to extend our forex market hours. In the past FXCM has opened between 5PM and 5:15PM ET on Sundays, and has closed at 4PM ET on Fridays. Starting 9 December, FXCM will close at approximately 5PM ET on Fridays, giving you more opportunities to place trades and/or manage your risk. Please note that spreads may be wider between 4PM ET and 5PM ET because there are fewer liquidity providers offering prices during that time.

If you’re using the Trading Station Mobile platform on your iPhone, Blackberry, Android, or Windows Mobile device, make sure you have the most recent version. An update went through a few weeks ago adding candlestick charts, additional timeframes, and indicators.

[B]FXCM Holiday Hours[/B]

A special reminder that FXCM will have special holiday hours this weekend and next for both trading and customer support. Here’s a list of the holiday hours (all times are Eastern New York time; +5 for GMT):

I will be away from the forums through January 3rd so this will likely be my last post until then. If you need immediate assistance, please do not hesitate to contact FXCM customer support by phone, chat, or email, and I will reply to any unanswered questions once I get back. Thanks to everyone for visiting the thread in 2011, and I look forward to being back in 2012.

Happy Holidays!

Jason

A big announcement today in the world of forex trading…

Feb 21, 2012 (BUSINESS WIRE) – ETRADE Financial Corporation and FXCM Inc. announced today that ETRADE FX will now offer customers access to global currency markets, research and education through FXCM, on the newly launched E*TRADE FX platform… E*TRADE Launches Retail Forex Trading - MarketWatch

Oh, good.

Now that snarky, talking baby can tell everyone
how he made a gazillion pips trading the EUR/USD.

LOL, I can’t wait.

Please take note of changes to the following CFD trading hours for Good Friday and Easter. There is no change to forex trading hours, but forex trades will be affected by holiday rollover this week.

For example, on Wednesday, April 4th there will be up to [B]5 days worth of rollover interest[/B] that you could earn or pay on some currency pairs. For details look at the rollover calendar.

Hi everyone,

A few weeks ago, I mentioned the FXCM App Store was coming soon. Well it is finally here!

The app store launched this week, and it is starting out with around 40 apps for MT4 including scripts, EA’s, and stand-alone apps. This is just the beginning, and we plan to release more apps in the coming months for MT4, Trading Station, and possibly other platforms.

Below are 3 apps you can test for free, and there are more on the website. If you have suggestions for additional apps, please do let me know, and I will ask the programming services team if they can be added to the website.

DailyFX PLUS Trading Signals—Breakout2 (Expert Advisor)

Those of you that use DailyFX PLUS will likely have heard of Breakout2. You can now automate the strategy to run on MT4 rather than having to visit the website to check for updates and then manually place trades on your platform.

Breakout 2 is one of the six strategies in the “classic” DailyFX signals. It’s designed to perform best in market conditions where price is likely to move through an identified support or resistance level. When this happens, trading volume and price volatility often increase. Breakout2 attempts to capitalize on these increases by recommending to buy or sell in the direction of the breakout. We will likely release more of the DailyFX PLUS strategies for MT4 automation, so stay tuned.

Click here to download Breakout 2 for the FXCM MetaTrader 4 platform

Trend Identifier (Indicator)

This indicator is pretty self-explanatory, and it incorporates the Aroon indicator for trend identification. The indicator displays two lines: “Aroon up,” which measures the strength of the uptrend, and “Aroon down,” which measures the strength of the downtrend. Both lines fluctuate between values of zero and 100, with values near zero representing a weak trend and values near 100 representing a strong trend.

Click here to download Trend Identifier for FXCM MT4

Quick Buy (Script)

This app lets you open trades on MT4 in one click similar to how one-click trading works on the Trading Station desktop platform. You can even pre-set your stop-loss and take-profit levels.

Click here to download Quick Buy for FXCM MT4

All of these apps can be used on FXCM’s MetaTrader 4 platform, so if you’re using our MT4, enjoy! If not, you can register for an FXCM MT4 demo. And again, let me know, if you have suggestions for new EA’s, scripts, etc. Stay tuned for an app that will let you automatically share your trades with your friends on facebook and twitter. :slight_smile:

Jason

Hi everyone,

Those of you who have an MT4 demo with FXCM will be getting an email about this, but I wanted to give everyone on the forum a heads up.

Due to a server upgrade this weekend, all current MT4 demos on the FXCM MT4 platform will expire this coming Sunday, April 15th. Past trading history of those demos will not be saved. Please take appropriate measures to save any necessary data. You can create a new demo after April 15th.

Why is this necessary? FXCM recently rebuilt the backend of our MT4 platform from the ground up. Now our No Dealing Desk forex execution is seamlessly integrated and auto syncs have been eliminated. We have also integrated functionality for MT4 accounts to work with the MT4 mobile and Trading Station mobile platforms. In order or put through the ability for demos to login to Trading Station and the mobile apps, the old demos have to go unfortunately.

I know that this is an inconvenience for everyone using a current MT4 demo with us, but I hope you will like all the new changes that will come with the new demos.

Jason

Just a heads up for everyone.

The following indices will be closed for trading on May 1st due to the holiday in Europe: [B]GER30, FRA40, ITA40, SWE30 and SUI30[/B].

Normal trading hours will resume on May 2nd.

Hi Everyone,

Due to the Golden Week holidays in Japan, all Yen crosses will have 5 days’ worth of rollover interest today except for GBP/JPY which will have 6 days’ worth.

For example, that means if you buy 10k of GBP/JPY and keep the trade open through 5pm New York time today, you will earn $0.66 or 66 cents. On the flip side, if you sell 10k of GBP/JPY and hold that trade open through 5pm, you will pay $1.56. You can always check what amount of rollover you can earn or pay for holding a particular currency pair through 5pm by looking at the RollS and RollB on the Trading Station.

And to keep track of when holidays will affect the number of days of rollover, you can look at the Rollover Calendar at DailyFX.com

Jason

Is the Breakout2 ea still available for free anywhere? I’d like to check it out before I buy…

Dave

Hi Dave,

The only place you can get the Breakout 2 EA is the FXCM App Store. The Expert Advisor was briefly available for a free when the app store launched, but now costs $25. There is a way you can still get Breakout 2 for free under a new promotion currently available at FXCMapps.com. Deposit $2000 or more into a new or existing FXCM account by June 22nd, and you will get $225 worth of apps for free including the Breakout 2 EA, the 24-Hour Trend Locator Indicator and the Automatic Trendlines Indicator.

Jason

Hello Jason,
I read this thread from the beginning. What ever happened to trading the DJ-FXCM Dollar Index for US residents? Is there a CFTC/regulatory issue that you are dealing with? If so, did you know that OANDA recently launched “FXUnity” which allows US residents to trade several “trade weighted” currency baskets? Actually, I was so shocked that the CFTC would allow a FOREX broker to implement anything new for US residents. Ha! Anyway, my point is, if OANDA can offer currency baskets to US residents, why can’t FXCM offer the Dollar Index?

Hi SLT,

We’re still working to get regulatory approval to offer USDOLLAR for trading in the US. I will let you know as soon as I have any updates on this.

Jason