Synergy FX, a leading Australian forex broker, releases their new trading account with ECN pricing for professional forex traders using the Meta Trader 4 platform

In a move to expand their overall product offering, Synergy FX now offers their Standard Account and an ECN Account.

Importantly, forex traders have the opportunity to practice their trading in either account in the Synergy FX forex demo account.

Suitable for all style of traders, the demo environment is ideal for both currency trading for beginners as well as professional traders to test their forex trading strategies in a practice environment before switching over to the live account.

Manual traders can access Meta Trader 4′s wide range of technical indicators and powerful charting tools to test and confirm their trading decisions.

For automated forex trading strategies such as Expert Advisors and forex robots, traders can import the forex trading system onto the Synergy FX Meta Trader 4 platform to test the programme in the demo environment.

Source: www.sfgate.com

Without any official announcement or promotions eToro has recently soft launched the MT4 platform. While to some it may sound trivial as it’s another broker adding the popular MT4 to the list of its platforms – however in case of eToro it’s not trivial at all.

Unlike prevailing majority of forex brokers eToro was established as a venture capital funded start-up with its proprietary platform in the center. Instead of taking a readily available solution eToro went ahead and developed its own platform upon which it continues development of core features such as the successful OpenBook. For a start-up solely focused on its platform to start offering another platform is far from being obvious and it’s a sign for a major shift in eToro’s way of thinking and positioning.

eToro is here completing a transition from a start-up forex firm into a full blow forex brokerage with the purpose of making its shareholders happy regardless of the technology being used.

eToro in my opinion is doing this for two reasons: first one is the transition from a forex broker which is predominantly marketing to entry level traders using a very simplified platform to a broker catering to all kinds of forex traders – simple or sophisticated. Those long enough in the market will remember the first eToro platform with the simplified gaming interface – for instance graphic animated representation of countries pulling a rope symbolizing a currency pair going in one direction or the other. eToro started transitioning from that gaming interface long time ago realizing that while it is attractive to forex newbies it’s a turn-off for the sophisticated part of the trading public.

The other reason is that eToro has grown quite a lot and now has the market positioning to attract traders who specifically demand MT4. Adding MT4 now will not threaten the very basis on which eToro was founded – its platform. Adding MT4 will add more prestige, larger traders (eToro’s traders are typically not very large in size, albeit OpenBook is changing that) and ultimately volume.

MT4 will eventually help eToro better position itself as a forex broker capable of catering to all types of clients and potentially increase its growth at the expense of smaller MT4 shops which don’t have value adding features Etoro has such as OpenBook and others.

For now eToro’s MT4 is not directly available from its website but needs to be requested from your account’s manager. eToro’s MT4 is rumored to be supplied by Boston Technologies.

Source: www.forexmagnates.com

MetaQuotes continues to impress us with new features in MetaTrader 5.  As with any major software upgrade, however, there will be a period of time where both MT4 and MT5 will exist and perhaps be supported concurrently by brokers.  One excellent way MetaQuotes has helped manage that overlap is a feature that permits MetaTrader 5 to act as a signal provider for MetaTrader 4 with a little coding in the MQL languages.  This article outlines the process, and it was found on the MQL5 Community website, MQL5.com.  All MT4 users and administrators should be sure to keep up with MT5 news as the platform is adopted by the world’s brokerages.

Source: www.cmaplic.com

I have been helping a lot of customer install, setup and use MetaTrader 4 recently and although its not our preferred platform it defiantly has a place in the trade world for beginners or someone who wishes to have a minimal cost setup. I would even go as far as to say that its a good platform for automated order execution.

I have written this list of my top 10 shortcut keys int MetaTrader 4 that I think are very handy and can defiantly speed up using the platform and make it less of a drag! Like anything if you learn to use your tools properly the rest will come easy…. In theory

Left Arrow — chart scrolling to the left.
Right Arrow — chart scrolling to the right.
Page Up — fast chart scrolling to the left.
Page Down — fast chart scrolling to the right.
F12 — move the chart by one bar to the left.
Shift+F12 — move the chart by one bar to the right.
Ctrl+P — print the chart.
F11 — enable/disable the full screen mode. – This one is great for MetaTrade 4 as it can look a bit clunky sometimes
Ctrl+I — call the “Indicators List” window. – Dealing with indicators all day long this has become my favourite!
Ctrl+N — open/close the “Navigator” window. – Navigator is a handy little tool in MetaTrader 4 but can take up alot of room so this shortcut can save time.

Above are my top 10 but I have included all the others i know exist in MetaTrader 4 below.

Numpad 5 — restoring of automatic chart vertical scale after its being changed. If the scale was defined, this hot key will return the chart into the visible range.
Home — move the chart to the start point.
End — move the chart to the end point.
“-” — chart zoom out.
“+” — chart zoom in.
Delete — delete all selected graphical objects.
Backspace — delete the latest objects imposed into the chart window.
Enter — open/close fast navigation window.
Esc — close the dialog window.
F1 — open this “Userguide”.
F2 — open the “History Center” window.
F3 — open the “Global Variables” window.
F4 — download MetaEditor.
F5 — switch to the next profile.
F6 — call the “Tester” window for testing the expert attached to the chart window.
F7 — call the properties window of the expert attached to their chart window in order to change settings.
F8 — call the chart setup window.
F9 — call the “New Order” window.
F10 — open the “Popup prices” window.
Shift+F5 — switch to the previous profile.
Alt+1 — display the chart as a sequence of bars (transform into bar chart).
Alt+2 — display the chart as a sequence of candlesticks (transform into candlesticks).
Alt+3 — display the chart as a broken line (transform into line chart).
Alt+A — copy all test/optimization results into the clipboard.
Alt+W — call the chart managing window.
Alt+F4 — close the client terminal.
Ctrl+Z — undo object deletion.
Ctrl+A — arrange all indicator windows heights by default.
Ctrl+B — call the “Objects List” window.
Ctrl+C — copy to the clipboard.
Ctrl+E — enable/disable expert advisor.
Ctrl+F — enable “Crosshair”.
Ctrl+G — show/hide grid.
Ctrl+H — show/hide OHLC line.
Ctrl+L — show/hide volumes.
Ctrl+S — save the chart in a file having extensions: “CSV”, “PRN”, “HTM”.
Ctrl+W — close the chart window.
Ctrl+Y— show/hide period separators.
Ctrl+D — open/close the “Data Window”.
Ctrl+M — open/close the “Market Watch” window.
Ctrl+O — open the “Setup” window.
Ctrl+R — open/close the “Tester” window.
Ctrl+T — open/close the “Terminal” window.
Ctrl+F6 — activate the next chart window.
Ctrl+F9 — open the “Terminal — Trade” window and switch the focus into it. After this, the trading activities can be managed with keyboard.

Source: www.theindicatorguys.com

Alpari (UK) Limited (“Alpari (UK)”), a leading global provider of foreign exchange (“Forex”, “FX”), won “Best FX Broker” at the Shares Awards 2011 last week, making it the third year in succession the provider has won a major award at the ceremony.

Receiving the award, David Stuart, Chief Operating Officer at Alpari (UK), said: “I’m really pleased to accept this award on behalf of everyone at Alpari (UK). We are committed to offering a very competitive Forex product with excellent customer service. It’s great to see this endorsed by everyone who voted.”

Alpari (UK)’s vision is to be recognised as the world’s premier broker and last week, Alpari (UK) expanded its product range to offer spread betting on MetaTrader 4 (MT4) platform.

Source: www.marketwatch.com

MetaTrader 4 is one in the leading Net forex trading online platforms presently readily available for your man or women trader. This write-up is made as being a tutorial in by using the MetaTrader 4 software package to spine-test an specialist advisor or even a private industry strategy.

Your initial factor will be to obtain the professional advisor application or your personal industry approach loaded in the MetaTrader 4 process. You are able to consult your skilled advisor’s directions and tutorial on the way to do this. When you may have loaded the specialist advisor, you then go to your “View” pull down menu on the high from the MetaTrader four console. Then click on “Approach Tester” or hit “Ctrl R” to the keyboard.

Soon after clicking Technique Tester, a window will seem on the bottom of your MetaTrader 4 console. This can be wherever you’ll arrange your specialist advisor. Be aware that you just will must input your investing parameters to the MetaTrader 4 system ahead of you can spine-take a look at your own personalized trade prepare or strategy. Only expert advisors and buying and selling programs that have been compiled and placed within the /EXPERTS subfolder within your MT4 listing can be examined.

If you may have properly installed your professional advisor, and/or correctly input your personal parameters on your individual industry approach, you need to then decide on the professional inside the “Tester-Professional Advisor” discipline. At this stage, carry on by taking the following actions inside the “Settings” tab of your “Tester” window where you can: 1. Pick the specialist advisor and arrange its inputs. 2. Decide on a image and time period. 3. Choose from among the 3 modeling strategies. 4. Set the time variety you are going to need to test, if diverse from the default.

After you might have input your selections, it is possible to then decide to arranged further testing parameters and inputs by pressing the “Skilled properties” button. Once you do that, a brand new window appears with three tabs as follows: o Testing – this really is wherever you can set common testing parameters for example the quantity and foreign money to generally be at first deposited for the professional advisor to operate with during the testing. Deciding on “Only Quick” will only open small positions, whilst “Extended and Small” will open the two very long and brief positions. o Inputs – it is possible to edit a table of variables that may influence the operation of your expert advisor which can be modified directly from the consumer terminal devoid of interfering while using skilled advisor’s code. The amount of variables that can be modified depends within the expert advisor.  Optimization – this tab allows you to restrict testing passes when optimizing. Modifying these parameters will not influence single passes while testing the specialist.

Right after inputting the initial parameters, you will probably be ready to opt for a currency exchange symbol and also a timeframe for testing. It is possible to either choose 1 with the available symbols in the MT4 terminal or import an external data record to make use of alternatively. Pick the symbol in the “Symbol” area and also the timeframe inside “Time period” field. If the info document would not exist for that image, it is going to be made and can automatically download the final 512 bars for that symbol. Bars are how MetaTrader four merchants records within a so-known as TOHLCV format that incorporates Time, Open, Higher, Lower, Near and Volume data.

When the information is ready for that image you selected, you might have 3 types of modeling in the historical records. The very first is “Open price ranges only” which could be the fastest modeling approach and was designed for experts which industry on accomplished bars. The 2nd is “Regulate points” which will consider a crude estimate with the skilled advisor’s efficiency. Lastly, you’ve “Just about every tick” modeling that, like the previous procedure, generates manage tips on an OHLC basis and is essentially the most precise technique of modeling.

Modeling quality is often examined within the “Report” window. Colored bands are used to show the “Modeling Top quality” and therefore are displayed in 3 distinct colors. Grey indicates the readily available information that didn’t participate in the take a look at. Red indicates which the modeling omitted lacking records. Grn indicates wherever the modeling was performed.

Modeling dates along with other parameters can be altered, but the data document then has for being re-designed by hitting the “Recalculate” button.

As soon as you’ve got completed all of the over, you may press the “Start” button to begin testing. This system will advise you as to how extended it will bring with the outcomes.

You can flag “Visualization” whereupon a chart will seem automatically as well as the modeled tick sequence is displayed as it’s calculated. Visualization might be skipped with a particular day by hitting the “Skip to” button. Also, the software package will graph most of your results, plus, you can adjust variables to see the final results of any buying and selling technique by manually inputting the buying and selling parameters.

Vantage FX UK offers an exclusive test environment for Forex traders to run the rule over Expert Advisors before using them to trade for real.

In financial trading, Expert Advisors are software robots designed to automate part or all of the trading process, including Forex strategy and money management.

Unique to Vantage FX account holders, the Expert Advisor Test Lab allows traders to assess two EA Forex Robots every month through demo account testing, detailed monthly performance stats and trade-by-trade descriptions. The online lab also provides users with discounts on EA programming software.

Vantage FX UK provides traders with a comprehensive education service, including a 30-day MetaTrader 4 demo account and daily currency market insights.

Find out more about Vantage FX’s Expert Advisor Lab here.

Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Source: www.prnewswire.com

Traders,

As many of you have heard, IBFX has partnered with VPS Land to offer you our latest technology solution. A virtual private server, or VPS, will ensure that your trades are made accurately without tying up your personal computer.

We’re received a variety of questions regarding our VPS service, and have done our best to answer them below.

Q: How do I sign up?

A: InterbankFX customers can purchase their vps from www.vpsland.com/ibfx. IBFX Australia customers can purchase their vps from www.vpsland.com/ibfx-australia.

Q: What is the monthly cost and are there any contract requirements?

A: The customized IBFX plan is sold specifically to IBFX customers at a prediscounted rate of $26 per month. VPSLAND does offer higher priced plans with additional resources should you decide to upgrade at any time. There are no long-term contracts and all billing is done on a monthly basis. You are free to cancel at any time.

Q: How does IBFX reimburse me?

A: By the 15th day of each month, IBFX will credit the previous month’s VPS fee up to $35.00 USD directly into the associated IBFX live trading account. All qualifying trading accounts must have a minimum balance of $5,000.

Q: What resources come with my VPS?

A:  The default IBFX customized vps comes with 1GB of dedicated RAM, 20GB of dedicated cloud RAID10 disk space and equal-share of an 8-Core Xeon server configuration.

Q: How do I know my trading platform is secure and protected?

A:  We deploy enterprise firewalls in a multi-layer configuration to ensure you are safe from floods, attack and any other security threat. We also deploy all of our VPS hosting plans on a fully-meshed cloud virtualization platform. Unlike traditional vps hosting providers, our vps plans are fully redundant, selfhealing, elastic and feature automated failover. You can truly set-it and forget-it with a VPSLAND vps hosting plan.

Q: What are my payment options?

A: We accept Visa, Mastercard and American Express

Q: Is the trading platform pre-installed?

A: Yes, the custom IBFX vps hosting plan is pre-installed with the IBFX-specific version of MetaTrader, ready to launch and trade immediately upon purchase.

Q: Can I install other software?

A: Yes, you will have full local Administrator access to your VPS and are free to install any additional software that you may need.

Q: Is this a Window VPS?

A: Yes, you will receive a fully licensed Window 7 Professional VPS.

Q: How are Windows updates handled?

A: As all of our vps plans are just like dedicated servers/desktops, Windows updates are downloaded directly into your vps. They are not installed automatically and you have the choice of when to install them. When any updates are available you will see a small notification icon on the bottom-right of your VPS desktop screen. Click this and you will then be prompted to install the available updates. You will also be able to choose the most convenient time for any required reboots, so as to not interrupt your online trading.

Q. Where are your servers located?

A: All servers are located in a secure datacenter in Atlanta, GA. All servers are connected via multiple 10GBPS uplinks and feature low-latency connections to IBFX trading systems.

Q: How do I login to my VPSLAND control panel?

A: You can access our customer portal at https://portal.vpsland.com.

Q: Do you offer customer support?

A: Yes, all VPS plans come with complimentary 24×7 customer support. Just login to your account in the customer portal to submit a support ticket. All tickets are responded to quickly by our in-house support staff. All staff are fully trained and experienced with MetaTrader and general Forex inquiries. Rest assured that you will be well taken care of by our technicians.

Nowadays the popularity of the Android platform developed by Google is growing rapidly. FIBO Group is always trying to follow changing market demands and is happy to introduce you our new free version of the MetaTrader 4 (MT4) terminal designed specially for trading on your smartphone with Android operating system. Fibo Android Trader enables you to make different trading transactions such as to place, close, cancel and modify market and pending orders including Stop Loss and Take Profit. FIBO Android Trader is supplemented with the “News” sNowadays the popularity of the Android platform developed by Google is growing rapidly. FIBO Group is always trying to follow changing market demands and is happy to introduce you our new free version of the MetaTrader 4 (MT4) terminal designed specially for trading on your smartphone with Android operating system. Fibo Android Trader enables you to make different trading transactions such as to place, close, cancel and modify market and pending orders including Stop Loss and Take Profit. FIBO Android Trader is supplemented with the “News” section which gives you opportunity to monitor world’s most important news flows in real-time mode through the terminal. User-friendly interface of the terminal makes it possible to scale charts and to look through various market indicators in a table or graph overview. We are sure that you will be satisfied with simplicity and convenience of the new terminal. We wish you successful trading with FIBO Group!ection which gives you opportunity to monitor world’s most important news flows in real-time mode through the terminal. User-friendly interface of the terminal makes it possible to scale charts and to look through various market indicators in a table or graph overview. We are sure that you will be satisfied with simplicity and convenience of the new terminal. We wish you successful trading with FIBO Group!

Source: www.android-apps.com

Among the popular forex Meta Trader trading software Meta Trader 5 is the latest one. Recently this Meta Trader 5 is released in beta version. As a whole it resembles the previous version in interface and design. Meta trader 4 was popular because of its main features such as easy use and flexibility.

If a person has multiple accounts it is easy for him to manage the accounts in Meta Trader 5. In the navigator the new accounts window quick and easy movement

between accounts is permitted. Hence there is no delay or trouble in permitting the employment which has different strategies and in different accounts. If a person want to have two accounts one for trading and one for scalp, it is not easy for him to change between the accounts for responding to the events of the market. Those who are active in trading admire this feature.

The time saved because of the new addition pleased the long term committed investors.
The interface focus is on the main window. In this main window one can display the multiple forex price action graphs or they can have a single large panel focused for trading of their pair easily. Some of the icons and buttons that are present in the MT4 are purposely not allowed in Meta Trader 5. But it will be implemented once again. Meta Trader 4 has already important technically analyzed collections of indicators. In Met Trader 5 a huge number of indictors that are new additions are great. The forex indicators are divided in to four groups in Meta Trader 5. They are named as Oscillators, Trend, Bill Williams and Volumes. Traders can store the developed or imported items in a fifth category of custom indicator. The access is fast and easy in the new indicator group. Among moverages the new trend indicators are the Adaptive MA, the Fractal Adaptive MA, the Variable Index Dynamic Average and the Double and Triple Exponential Moving Averages. Of all these the double exponential moving average has lesser lag and more accurate than the simple EMA. This advanced tool. Triple Exponential Moving Average has even less lag when compared to the Double exponential moving average. All these common exponential and simple moving averages are used for trend analysis.

The Triple exponential Average is the latest addition among the Oscillators. TRIX has a triple Exponential Moving Average which oscillates around the centerline at 0. This indicator’s best advantage is its efficient filtering capacity. The Bill Williams are the new category of indicators in which the new Market Facilitation Index is added. According to the interaction between price, volume and the indicator itself signals are emitted from this tool. Totally there are seven new indicators are there in this Meta Trader 5.

Meta Trader 5 also has advanced features also for those who want to do auto trading. It has a powerful expert advisor and advanced trading script. Though the Meta Trader 5 is in beta stage the final product is going to be a better version.

Source: www.fxbotreview.com

Source: www.dailyforextradingedge.com

By definition, a trading manager is one who is in charge of the people who are buying and selling investments at financial institutions. Traders are struggling with managing the trade. They are always in the lookout for more features and as well as better ways for them to manage their trades.

A Metatrader is trading software that is developed by Meta Quotes Software. This software is used for trading financial instruments online like forex, futures and options. This software was developed in the year 2002. It has evolved as among the most successful tools for trading at all times. This software includes MQL4. This is a scripting language that involves a powerful capability of real-time processing.  It is also able to provide even the smallest details in indicators. The 4.0 version is the most widely used. This includes more than fifty indicators built to it that will monitor the markets in precise ways.

A complete package of this software includes a server, mobile, client terminal, administrators, data center and manager. The client terminal is the one providing the options for trading and as well a real time information regarding the market and the indicators. However, for you to be able to start trading using this client terminal, you need to have a live account first. The most important part is the server. This is what holds the requests of the trading. It is managed by the administrator. The inquiries information and customer accounts are all managed by the manager console. The data center console is the one used to reduce the load of trading in the main server. This will help achieve an efficient level of application.

Source: www.jcjnjd.com

One of the best forex trader techniques for establishing positions in an online trading account involves analyzing exchange rate charts for a currency pair.  Technical forex traders might use a variety of chart types for this purpose, which can include tic or tick charts, line charts, bar charts and point and figure charts.

The following sections will discuss each of the aforementioned chart types in greater detail. Although Japanese candlestick charts are also very popular among forex traders, a discussion of that especially detailed charting method lies outside the scope of this article.

The Tic Chart

The tic or tick chart is one of the best forex trader tools for very short term trading strategies such as scalping, or for timing an entry into the market being analyzed. This popular chart type lacks a time frame and simply involves graphing a new tick each time that the exchange rate changes. Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will also be able to plot both the bid and offer exchange rates on their tic charts, as Figure 1 below illustrates.

Figure 1: A tic chart for GBP/USD showing the offered exchange rate in blue and the bid rate in red.

The Line Chart

The line chart is another useful tool that helps traders smooth out the price action and identify trends. This chart type includes a time component and typically involves graphing the closing exchange rates for each time period depicted and connecting the resulting dots with straight lines.

Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will be able to plot line charts similar to Figure 2 below.

Figure 2: A daily line chart for GBP/USD showing the closing exchange rate in black.

The Bar Chart

The bar chart is one of the best forex trader tools and provides much more information than the line chart. Like the line chart, the bar chart includes a time component, but it typically involves graphing a vertical line or bar between the high and the low exchange rates for each time period time depicted, as well as a left tick at the opening level and a right tick at the closing level.

Forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will usually be able to plot bar charts similar to Figure 3 below.

Figure 3: A daily bar chart for the GBP/USD currency pair showing its high, low, opening and closing exchange rates in black.

The Point and Figure Chart

The Point and Figure chart is considered the best forex trader tool by many professional traders and it focuses only on price action. A Point and Figure chart lacks a time component, and it usually involves graphing a series of X’s or green boxes to show an upward move and a series of O’s or red boxes to show a downward move.

These unusual charts are typically parameterized by a box size expressed in pips and the number of boxes required to show a reversal from X’s to O’s or vice versa.

Although primarily used by professionals who often create them by hand on graph paper, retail forex traders operating in an online trading account via an online forex broker might need to obtain a special indicator for their trading platform in order to be able to plot Point and Figure charts similar to Figure 4 below.

Figure 4: A Point and Figure chart for the GBP/USD currency pair with X’s plotted in green and O’s plotted in red, and using a box size of 5 pips and a three box reversal. Resistance trend lines are plotted as green lines, while support trend lines are shown in red

Source: www.forexnewsnow.com

FXCM Inc. (NYSE: FXCM), a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide, announced that its U.S. subsidiary, Forex Capital Markets LLC (“FXCM US”), has entered into a settlement with the National Futures Association (“NFA”). The settlement terms principally pertain to FXCM US’s practice concerning the execution of price improvements or “positive slippage” in its trading execution system prior to August 2010.  The Company is also engaged in ongoing discussions with the Commodity Futures Trading Commission (“CFTC”) regarding this matter.

FXCM US originally enhanced its trading execution policy in August 2010 to help ensure that clients benefit from positive slippage on all market, limit and limit entry orders.  The policy was further enhanced in December 2010 to address all order types, including stop and margin call orders, through FXCM’s No Dealing Desk (“NDD”) forex execution model. 

Under the terms of the settlement, FXCM US has agreed, without admitting or denying any of the allegations, to pay a fine of $2 million to the NFA and to provide restitution, which the company estimates to be $8 million, to the affected clients.  As disclosed on August 11, 2011 during its Second Quarter Earnings Conference Call and in related filings, the Company is making a reserve for both the restitution and fineassociated with this settlement and for its ongoing discussion with the CFTC.  Certain partners of FXCM Holdings, LLC have agreed to reimburse the expense in substantially the amount of such reserve, resulting in no impact to the net income of FXCM Inc.  All clients receiving restitution will be notified within 30 days.

“We are pleased to have reached an agreement that resolves the NFA’s concerns and that we believe is in the best interests of FXCM, our shareholders and most importantly, our clients,” said Drew Niv, Chief Executive Officer of FXCM.  “We previously enhanced our execution system to pass along all price improvements on every order type and remain committed to providing the most robust forex trading platform available.”

FXCM’s platforms display the best bid/ask spread streamed from the firm’s liquidity providers plus FXCM’s mark-up.  Every FXCM NDD forex trade is automatically offset in a two-step process, designed to ensure that FXCM does not profit from a trader’s losses.  In the first step of the execution process, a trader clicks on the price and the order is sent to FXCM.  In the second step, FXCM automatically sends the client’s order to one of its liquidity providers to offset the trade. 

FXCM’s execution system prior to August 2010 only offered price improvements to clients in the first step of the process.  If a better price became available on FXCM’s platform in the fraction of a second after the client submitted the order but before the order was received by FXCM, the client would benefit from the price improvement.  However, FXCM’s previous execution system did not provide clients with price improvements in the second step of the execution process, even if FXCM was able to offset the order at a better price, excluding FXCM’s markup.  FXCM enhanced the execution system in 2010 so that clients now benefit from price improvements in both steps of a transaction for all order types.

The occurrence of price improvements is based on market conditions, including volatility and liquidity.  Of the approximately $8 million being credited to FXCM US clients under this settlement, approximately $650,000 represents trades placed in 2010, less than 0.3% of the company’s trading revenues during that period.  The largest portion of the credits relate to trades placed before 2009. For the portion of clients who are receiving restitution, the median amount will be $17.40.

As part of the settlement, FXCM also agreed to enhance its existing procedures to ensure the efficient execution of customer orders, modify its adjustment practices and to ensure compliance with NFA’s anti-money laundering requirements.

Mr. Niv added, “FXCM continues to strengthen its compliance program and internal supervisory procedures.”

Source: http://ir.fxcm.com

Traders using MetaTrader™ struggle with trade management, looking for more features and better ways to manage their trades. Currently, traders employ a mixture of custom scripts to ease their frustration. Adding multiple trades and multiple accounts only amplifies the problem. Traders need an overview with easy access to additional features, not presently available, to better manage their trades. Traders want to spend less time managing trades and more time trading.

Pecunia Systems, specializing in outstanding software and services for traders, unveils FX Synergy, a feature-rich and user-friendly trade manager for MetaTrader™, designed by professional traders to make trading with MetaTrader™ easy and simple. FX Synergy gives traders the functionality they need to better manage their trades, including several features they currently don’t have. FX Synergy is a Windows™ application and works with any broker using MetaTrader™.

“We have an outstanding product that will help traders in so many ways” said Claus Stokholm, CEO of Pecunia Systems.

One of the main features of FX Synergy is 1-click execution, allowing traders to execute orders literally with a click. FX Synergy is “an absolute must for both the novice trader and professional” said Rick Thoennes, a professional trader, adding that with 1-click execution, FX Synergy “has enhanced my trading and my equity balance is proof that it works”.

FX Synergy manages up to 10 MetaTrader™ accounts, giving traders unique features of trading multiple accounts with a single click. FX Synergy “provides me with a much better and easier control of my trades” said Frode Husbyn, a private trader from Norway, adding that “FX Synergy just makes things easier”.

Support for NinjaTrader™ and Dukascopy™ planned for Q4 release. “It’s our goal to make FX Synergy the industry-standard for trade management across all major trading platforms” said Claus Stokholm.

FX Synergy’s features include:

• 1-Click Execution
• Multiple Accounts
• Group Trades
• Stealth Mode
• Trailing Stop
• Break-Even
• Stop Reverse
• Scale In
• Partial Close
• News Alerts
• Presets

Source: www.prwebs.com

MetaQuotes Software Corp. has released a new version of its MetaTrader 5 iPhone mobile trading platform application, boasting new technical analysis features.

Today, MetaQuotes Software Corp. officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.

The new version of the MetaTrader 5 iPhone app greatly enhances the list of functions available to mobile traders. Where previously they could only trade and view trading history and charts, they will also be able to apply technical indicators – the main analytical tool in financial markets.

The new MetaTrader 5 iPhone app includes 14 of the best-known technical indicators. “In the new version, we have included the most popular indicators,” commented Denis Abramov, a leading developer of the MetaTrader 5 iPhone. “The list of indicators will be expanded in future versions.”

The company expects a significant increase in the popularity of mobile trading in the next two to three years. In line with this, MetaQuotes has concentrated its efforts on developing mobile applications.

“We want to be prepared for the increasing demand for mobile platforms,” Renat Fatkhullin, CEO of MetaQuotes Sotware Corp., said. “Therefore, we are now actively expanding the functionality of the MetaTrader 5 iPhone and developing applications for other platforms. Our second mobile platform MetaTrader 5 app for Android OS will be released later this summer.”

The MetaTrader 5 iPhone app is designed for Apple’s iPhone smartphone and iPad tablet. Starting today, the new version of the mobile trading platform is available to all users of the devices via the Apple App Store. The MetaTrader 5 iPhone app allows traders to connect to the MetaTrader 5 trading platform, which is currently used by more than 50 brokerage firms around the world.

Source: www.sacbee.com