Develop Trading Strategies
One of the hardest things about any new endeavor is you often make novice mistakes. This is why we developed Traits of Successful Traders, the essential guide for FXCM Standard Accounts.
What You Will Learn
We analyzed millions of trades through 2014 and discovered some surprising habits our most successful traders have in common.
We'll show you that when you trade is just as important as what you trade. This is just one of the many habits you'll learn that can lead to successful trading.
Leverage: Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
Compensation: When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to adding a markup to the spreads it receives from its liquidity providers and adding a markup to rollover. Under the Dealing Desk execution model, FXCM may act as a dealer and may receive additional compensation from trading.
Execution Disclaimer: When trading Forex on both FXCM's Dealing Desk and No Dealing Desk (NDD) execution models, FXCM is the final counterparty to these transactions. In both execution models FXCM aggregates the bid and ask prices from a pool of liquidity providers. The quotes that are displayed on FXCM's platforms are the best available bid and ask quotes received from liquidity providers plus a fixed mark-up for each currency pair. On the Dealing Desk execution model FXCM can act as the dealer on some or all currency pairs. There are also back up liquidity providers that fill in whenever FXCM does not act as the dealer. Please note that FXCM's Dealing Desk employs fewer liquidity providers than the No Dealing Desk execution option.
For more information, see our Execution Risks.
Note: Contractual relationships with liquidity providers are consolidated through the FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.
Past Performance: Past Performance is not an indicator of future results.