FXCM & MetaTrader4

[The Lonely Trader]

Originally Posted by merkel04

FXCM now supports hedging. I use oanda for charting and trade via FXCM.

My money has not yet ended up in my toilet

Not yet in the toilet anyway. I have a feeling it soon will be. Using Oanda's charts and using FXCM's dealing station is a very interesting combination...one that I personally find rediculous. You might want to get a charting package with quotes that more closely resemble the pricing of your FCM/dealer. And why you wouldn't just use Oanda's dealing station is beyond me. It's a fine outfit, though the charts could use some updating. Spreads are also better on average -- with the exception of major news announcements, but newbs shouldn't be trading around major news releases with real money anyway. Fills are much better as well, even compared to FXCM's NDD.

[The Lonely Trader]

If you all want a good charting package and you MUST trade with FXCM, then try Ensign Windows. It is an excellent charting package, reasonably priced, fully customizable and they have a great support community. The proprietor will personally answer your emails and he has the reputation of coding your requests into the platform the same day.

And, the most important thing is that the charts will reflect the dealer's quotes. Your trades will be more accurately executed this way. I suspect, however, that most people will need nothing more than the free charts that FXCM offers. For what most traders need, they are just fine.

I have heard rumors FXCM may do a deal with MT in the future.

[merkel04]

You can use FXCM with Metatrader 4 now. Your account must have at least 10k in it. Use their chat link for more info.

TheLonelyTrader:

Money still not in the toilet