You Are The Worst dot Com

The day most traders are forwarding to, Forex brokerage giant FXCM finally releases the hugely popular MetaTrader platform and allowing users to refrain from having second test accounts on more obscure brokerages.

Here’s further details I got from my ‘Early Release’ e-mail from FXCM:

The minimum account size is $5,000.

As an FXCM MetaTrader 4 client, you will enjoy the following advantages:

1. Our financial strength—and transparency

   The forex industry is being transformed. Tough, new financial regulations may force many small member-brokers out of business or may terminate their regulatory status. In fact, several brokers currently offering MetaTrader 4 are unregulated in the U.S. Many of them are, in our opinion, dangerously under-financed.

   We offer you the advantage of trading with one of the largest and well-capitalized Forex Dealer Members (FDM). The FXCM Holdings, LLC. is regulated on three continents—North America, Europe, and Asia—with over $95 million in capital and approximately $700 million in customer funds trading on FXCM platforms. And we are the only North American FDM to publish a complete financial statement on our Web site. 

2. Our trading signals help you find trading opportunities—at no cost

   Our DailyFX Plus site offers our clients free access to a powerful new suite of strategies, signals, and trading ideas unique to FXCM. One program, for instance, finds high-probability trade signals. Still another provides clear buy/sell alerts to timely trading opportunities discovered by DailyFX, one of the largest and most prestigious research groups in the industry.

3. No Dealing Desk* execution: Tighter spreads

   At $350 billion monthly, FXCM’s trading volume may be among the world’s largest single source of retail currency trades. That is how we have maintained close relationships with eight global banks and financial institutions—some of the most aggressive forex price providers in the world. With MetaTrader 4 as the front end and No Dealing Desk execution as the back end, we fill your orders from the best prices available to us from these large banks and financial institutions as they compete to provide FXCM with bid and ask prices—some of the tightest spreads in the industry.

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(2 votes, average: 4 out of 5)

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Hi folks!

Sorry I haven’t been in for a while as I have been real busy with school and work however I have kept an eye on the markets and they are quite volitile with all the U.S. debacle that is going on with the mortgage crisis and the bailout of several public and private financial service companies.  At this moment, I would recommend staying on the sideline with plenty of $ to capitalize with there is some kind of direction and stability which should occurr after the Presidential elections take place.  For the time being I am still short USD as it is quite imminent that a fall will occur given that there is a long term dead cat bounce on the dollar.  Happy trading!

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(1 votes, average: 5 out of 5)

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