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[FXCM-PR Rep]

FXCM Crowns The King of the Micro Contest Winner for October

New York, November 22, 2010—FXCM Holdings (http://www.fxcm.com/prhome) has crowned several trading kings through its King of the Micro contest, awarding $40,000 in cash every month to the top performing FXCM Micro live account holders. October was a particularly tumultuous month for professional and retail traders alike. Risk appetite maintained its upward trajectory; but the long-awaited FOMC stimulus announcement amplified uncertainty.

FXCM interviewed the top three winners of the October contest. Read more below to learn about the pairs they traded, how long they held them, and how much time they spend trading each day. Read the full interviews and view their trading history on the FXCM Micro forum.

1st Place:

What pair(s) do you prefer to trade?
GBP/USD. AUD/USD, EUR/USD

How long do you typically hold your trades?
Ranging from a few minutes to several days

How much time do you spend trading every day?
I can’t say for sure.

2nd Place:

What pair(s) do you prefer to trade?
GBP/USD and EUR/USD

How long do you typically hold your trades?
Five to thirty minutes

How much time do you spend trading every day?
Eight to sixteen hours

3rd Place:

What pair(s) do you prefer to trade?
EUR/USD

How long do you typically hold your trades?
A week to a month

How much time do you spend trading every day?
Around four hours a day

What is the FXCM King of the Micro Contest?

King of the Micro is a forex trading contest hosted by FXCM, which gives away cash prizes every month: $25,000 for the trader with the highest trading return, $10,000 to second place, and $5,000 goes to third place.

In the past, winners have come from those who are in the process of learning forex trading to those who are trading experts. It’s free to enter and no registration is needed.

To be a part of the November King of the Micro contest you must be an FXCM Micro client with $500 in your account at the beginning of the month. You’ll be automatically entered.

You must make at least ten trades during the month to remain eligible. To read more details, view the King of the Micro Monthly Trading Contest Rules. To deposit more money into your account, please visit MyFXCM.
links should go to:
King of the Micro Monthly Trading Contest Rules (http://www.forexmicrolot.com/prcontest)
MyFXCM: www.myfxcm.com

.

About FXCM Holdings LLC

FXCM Holdings LLC (FXCM) is a global online forex and CFD broker† that caters to both retail and institutional markets. Founded in 1999, FXCM is regulated by several of the world’s most respected financial authorities.
At the heart of FXCM’s client offering is No Dealing Desk forex trading. Clients have market access to FXCM’s large network of forex liquidity providers that enables FXCM to offer clients spreads as low as 1 pip on major pairs. Clients also have the benefits of mobile trading, one-click order execution, and trading from real-time charts. FXCM’s UK subsidiary, Forex Capital Markets Limited, offers CFD products† with no re-quote trading and allows traders to trade forex, oil, gold, silver, and stock indices on one platform. In addition to currency and CFD trading, FXCM offers educational courses on forex trading and provides free news and research through DailyFX.com.

*Past performance is not indicative of future results.
†Please be advised that CFD accounts are not available to residents of the US or its territories. Additionally, US regulation requires that brokers must be registered with US Commodity Futures Trading Commission in order to be counterparties to US retail investors in OTC forex transactions; therefore, residents of the US and its territories may not open accounts with Forex Capital Markets Limited.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.

 

[FXCM-PR Rep]

Euro Advances On Speculation For Further Easing, Relief Rally To Be Short-Lived

Talking Points

* Japanese Yen: Weighed By Rebound In Risk Appetite
* British Pound: Halts Longest Losing Streak Since 2008
* Euro: Germany Retail Sales Jumps in October
* U.S. Dollar: ISM Manufacturing, Fed’s Beige Book on Tap

The Euro advanced to a high of 1.3135 on speculation that the European Central Bank will expand its asset purchase program in order to stem the risks for contagion, and the single-currency may continue to recoup the losses from earlier this week as risk appetite flows back into the market. With the ECB scheduled to announce its interest rate decision tomorrow at 12:45 GMT, we expect President Trichet to talk down the risks for the region as fears surrounding the European debt crisis intensifies, and the central bank head may see scope to expand monetary policy further as policy makers struggle to restore investor confidence. As a result, the EUR/USD is likely to face increased volatility over the next 24 hours of trading, but the lack of momentum to hold above the 200-Day SMA at 1.3124 could keep the exchange rate within a narrow range throughout the day as investors weigh the prospects for future policy.

However, the relief rally in the euro could be short-lived as market participants expect Portugal and Spain to share Ireland’s ill fate, and the Governing Council may look to keep its exit strategy on hold throughout the beginning of the following year as the economic outlook remains clouded with uncertainties. Nevertheless, the economic docket showed retail spending in Germany increased 2.3% in October to top expectations for a 1.2% rise, while manufacturing in Europe’s largest economy expanded at a faster pace in November, with the PMI reading advancing to 58.1 from 56.6 in the previous month. As the recovery gradually gathers pace, some members of the ECB may push to withdraw monetary support in order to contain inflation, but the ongoing slack within the real economy could spur mixed opinions within the central bank as policy makers expect to see an “uneven” recovery going forward.

The British Pound halted the longest losing streak since 2008 as the exchange rate rallied to a high of 1.5648 during the European trade, but the GBP/USD may hold below the 100-Day SMA (1.5714) throughout the day as U.K. policy makers come under scrutiny. According to a report on WikiLeaks, Bank of England Governor Mervyn King said Prime Minister David Cameron and Chancellor of the Exchequer George Osborne’s “lack of experience” will make it increasingly difficult for the new coalition to manage fiscal policy, and went onto say that the two has “not fully grasped” the challenges they face as they take unprecedented steps to balance the budget deficit. As the government plans to curb public spending and withdraw fiscal support, there could be increased pressures on the BoE to support the real economy in 2011, and the central bank may preserve its wait-and-see approach throughout the beginning of the following year in order to balance the risks for the region. However, as policy makers expect inflation to hold above the 2% throughout 2011, there could be a growing split within the MPC as the central bank maintains its dual mandate to ensure price stability while promoting full employment.

The greenback weakened against most of its major counterparts on Wednesday as investors raised their appetite for risk, and the dollar may face increased selling pressures during the North American trade as equity futures foreshadow a higher open for the U.S. market. Nevertheless, the ADP employment report is expected to show private payrolls in the U.S. increasing 70K in November after expanding 43K in the previous month, and the data would certainly bode well for Friday’s non-farm payrolls report as market participants expect the U.S. economy to add 145K jobs this month. At the same time, manufacturing in the world’s largest economy is anticipated to expand at a slower pace in November, with the markets forecasting the ISM index to fall back to 56.5 from 56.9 in the month prior, and the mixed batch of data is likely to spur increased volatility in the currency market as investors weigh the outlook for future growth. However, the biggest market mover is likely to be the Fed’s Beige Book economic report, which is due out at 19:00 GMT, and a shift in the central bank’s economic assessment could set the tone for future price action as it embarks on additional monetary easing.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

 

[FXCM-PR Rep]

Euro To Face Increased Headwinds As ECB Maintains Current Policy, U.S. Dollar..

Talking Points

* Japanese Yen: Continues To Lose Ground As Risk Appetite Returns
* British Pound: Construction Expands At Faster Pace in November
* Euro: GDP Expands 0.4% in Third Quarter
* U.S. Dollar: Pending Home Sales on Tap

The Euro pared the overnight advance as the European Central Bank talked down speculation for further easing, and the single-currency is likely to face increased headwinds over the near-term as the Governing Council refrains from addressing the risk for contagion. ECB President Trichet reiterated that monetary policy remain ‘appropriate’ during the press conference, and said inflation expectations remain firmly anchored as the central bank maintains its one and only mandate to ensure price stability. In addition, the central bank head noted that its exit strategy will be delayed as the governments operating under the fixed-exchange rate system struggle to manage their public finances, and went onto say that the uncertainties surrounding the economic outlook remains highly elevated as the financial system remains fragile.

As a result, Mr. Trichet said that the emergency measures will be an ‘ongoing’ program as the central bank aims to stem the risks for the region, but the lack of additional monetary easing could lead the bearish momentum behind the single-currency to gather pace throughout the remainder of the year as market participants speculate Spain and Portugal to share Ireland’s fate. Meanwhile, the preliminary GDP reading for the Euro-Zone showed economic activity expanded 0.4% in the third-quarter, which was largely in-line with expectations, while gross fixed capital formations held steady during the three-months through September amid projections for a 0.4% rise. A deeper look at the report showed household consumption increased 0.3% during the same period, which exceeded an initial forecast for a 0.2% rise in private spending, while government spending advanced 0.4% versus expectations for a 0.3% expansion. As the outlook for growth and inflation remains weak, the Governing Council could face increased pressures to take additional steps as the economic recovery in the Euro-Zone tapers off, and we expect the EUR/USD to completely retrace the advance from September as European policy makers struggle to restore investor confidence.

The British Pound fell back from a high of 1.5666 during the European trade to maintain the narrow range from earlier this week, and the GBP/USD may hold steady throughout the day as investors eagerly wait for the U.S. non-farm payrolls report due out tomorrow at 13:30 GMT. As the GBP/USD continues to trade below the 38.2% Fibonacci retracement from the 2009 low to high around 1.5700, we are likely to see the pair continue to trend sideways throughout the North American trade, but a shift in market sentiment could spark increased volatility in the exchange rate as risk trends continue to dictate price action in the currency market. Nevertheless, the economic docket showed construction in U.K. unexpectedly expanded at a faster pace in November, with the PMI reading advancing to 51.8 from 51.6 in the previous month, and the Bank of England may see scope to start normalizing monetary policy in the beginning of 2011 as the recovery gradually gathers pace. Given the stickiness in price growth, the BoE may turn increasingly hawkish as they expect inflation to hold above target throughout the following year, and interest rate expectations may gather pace over the coming months as growth and inflation accelerates.

U.S. dollar price action was mixed overnight, with the USD/JPY holding within the previous day’s range, and the major currencies may hold steady ahead of the non-farm payrolls release due out tomorrow as market participants expect the U.S. labor market to improve for the second consecutive month in November. Nevertheless, pending home sales in the world’s largest economy is forecasted to contract 1.0% in October after slipping 1.8% on the previous month, and the data could weigh on market sentiment as it reinforces a weakened outlook for future growth. As the economic docket remains fairly light for Thursday, we expect risk trends to dictate price action throughout the North American trade, and the rebound in risk appetite may gather pace as equity futures foreshadow a higher open for the U.S. market.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

 

[FXCM-PR Rep]

British Pound Bounces Back As BoE Maintains Current Policy, Euro Searches For Support

Talking Points

* British Pound: BoE Maintains Policy
* Euro: ECB Says Rates 'Appropriate'
* Japanese Yen: Gains Ground As Risk Falters
* U.S. Dollar: Risk To Dictate Price Action

The British Pound bounced back from a low of 1.5732 during the European trade as the Bank of England maintained its current policy in December, and the GBP/USD may continue to pare the overnight decline throughout the North American session as investors scale back speculation for further easing. As expected, the BoE refrained from releasing a policy statement after holding the benchmark interest rate at 0.50% and maintaining its asset purchases at GBP 200B, and the central bank is likely to retain its wait-and-see approach throughout the beginning of the following year as it aims to balance the risks for the region. As the MPC is scheduled to release its policy meeting minutes of December 22, comments from the central bank is likely to play an increased role in driving price action for the British Pound going into the 2011, but there could be a growing split within the BoE as the economic outlook remains clouded with uncertainties.

We anticipate to see another three-way split within the MPC as board member Andrew Sentance pushes to gradually normalize monetary policy while Adam Posen sees scope to expand quantitative easing further, and the central bank is likely to maintain a cautious outlook for the region as the new coalition withdraws fiscal support. As U.K. policy makers expect the tough austerity measures to bear down on the recovery, the BoE may look to support the real economy throughout the first-half of 2011, but the ongoing stickiness in price growth could lead the MPC to hold a hawkish outlook for future policy as the central anticipates inflation to hold above the 2% target throughout the following year. As a result, if the BoE talks down speculation for future easing, the GBP/USD should continue to trend higher going into the end of the year, and the exchange rate may look to retrace the sharp decline from the previous month as interest rate expectations gather pace.

The Euro slipped to a low of 1.3194 during the overnight trade as the European Central Bank maintained a cautious outlook for the region, and fears surrounding the debt crisis may continue to drag on the exchange rate as policy makers struggle to restore investor confidence. The ECB reiterated that monetary policy remains “appropriate” in its monthly report, and said inflation expectations remain “firmly anchored” as it maintains its one and only mandate to ensure price stability. At the same time, the central bank noted that the uncertainties surrounding the economic outlook remains “elevated” as the governments operating the single-currency struggle to manage their public finances, and it seems as though the ECB is looking to push its primary mandate to the backburner as the Governing Council aims to encourage a sustainable recovery. As the central bank pledges to delay its exit strategy, policy makers may see scope to take additional steps to stimulate growth over the coming months, and the euro is likely to face increased headwinds in the following year as market participants speculate Portugal and Spain to share Ireland’s ill fate.

The greenback advanced against most of its major counterparts overnight, with the USD/JPY paring the decline to 83.65, and the U.S. dollar may continue to appreciate throughout the day as the rise in risk appetite tapers offs. As the economic docket remains fairly light for Thursday, market sentiment is likely to dictate price action going into the North American trade, but the fundamental developments from the world’s largest economy could spark increased volatility in the major currencies as investors weigh the outlook for future growth. Wholesale inventories in the U.S. are projected to increase another 0.8% in October after rising 1.5% in the month prior, but there could be little reaction to the data as risk trends continue to dictate price action in the foreign exchange market.

 

[FXCM-PR Rep]

Euro Erases Friday's Losses as Risk Appetite Returns on PBOC Hold, Tax Cuts

Talking Points

* Japanese Yen: Weighed By Risk Appetite
* British Pound: Housing Troubles Weighing
* Euro: Finding Bid on Broader Optimism, German Support
* U.S. Dollar: At Mercy of Broader Trends as Traders Eye FOMC Meeting

The People’s Bank of China refraining from tightening rates and the expected approval of U.S. tax cuts have fostered a return of risk appetite and helped the Euro looking to erase Friday’s losses. An empty economic docket will likely leave currency markets in the hands of broader trends which is shaping up to be a positive start to the week as easing concerns over Europe and a brighter outlook for growth is fueling optimism. The French current account deficit shrinking to 2.5 billion from 4.4 billion and French wages growing 0.3% were the only releases to cross the wires and had very little impact of direction

Comments from German Finance Minister Wolfgang Schäuble that it was unlikely that any country would be ejected from the E.U. are helping ease concerns over the region. The Economic Union’s largest economy continues to show its willingness to stand with its fellow members and weather the current crisis in order to maintain their single currency. It is a stark contrast from the lack of solidarity that we saw at the onset of the debt issues when Greece first came under fire. Therefore, markets have more confidence that the region can persevere if its unquestioned leader is willing to do whatever it takes to maintain the union. The EUR/USD has broken above a four day descending trend line which has exposes the 20-Day SMA at 1.3335. However, upside potential remains limited as the issues in Europe rare far from being solved and any signs that risk appetite is waning could increases downside risks.

The British Pound is back under pressure after temporarily regaining its footing as disappointing housing data is fueling the outlook for additional asset purchases from the BoE. The Rightmove housing price index fell 3.0% in December following a 3.2% decline the month prior. The agency also revealed a dour forecast for another 5% drop in 2011 which could force policy makers to restart QE efforts despite high inflation. A strong producer price report and broader optimism provided brief support, but markets have resumed pricing in more additional measures from the central bank. Factory gate prices rose 0.9% beating estimates of 0.5% but slower than the month prior 2.2% pace. Most of the gains prices came from volatile fuels costs which is minimizing the impact from the report. We expect Cable to continue chop around today as broader optimism will be supportive which will leave the GBP/USD in its current range between 1.5700-1.5850.

The greenback was under pressure overnight on the broad based risk appetite which could lead to more losses throughout the day with a light North American economic docket. Canada’s capitalization reading for the third quarter is the only fundamental release on tap and holds very little market moving potential. Traders should take their cures from equity markets as the dollar continues to show a strong negative correlation to risk taking. Overall we may see a quiet day with the FOMC rate decision looming, as markets will look to see if Fed Chairman Ben Bernanke expands on recent comments that there is room for more QE beyond the initial $600 billion. However, signs politics is threatening the passing of the Obama-GOP accord on taxes could quickly dim optimism and fuel dollar support on safe haven flows.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

 

[FXCM-PR Rep]

FXCM Announces the Winner of FXCM Automated Trading Challenge

By Kiana Danial

New York, December 13, 2010—FXCM Inc., (NYSE: FXCM), announced the winners of its first automated forex trading contest, which ended December 3, 2010. After seven weeks of trading, FXCM would like to congratulate the winner, Mr. Fenghe Liu from the United States, who had a return of around 316% of his starting account balance*.

“The Strategy Trader platform is, so far, the best platform I’ve ever used for automated trading,” says Fenghe Liu, who has been trading in the forex market for two years. “It has increased both the efficiency for programming and testing. Compared to other automated trading software, Strategy Trader has created many better features to test strategies.”

Read about the first place winning strategy and how it was used with Strategy Trader to take the $10,000 cash prize.

The free-to-enter contest was held among FXCM demo account holders with an automated trading strategy through their demo accounts.

FXCM’s $100,000 Cash Prize Contest to Start in Early 2011

Building on the momentum of the FXCM Automated Trading Contest, FXCM will be hosting an even larger contest with ten times the total amount of cash prizes. The contest requires no entry fee. A full list of the contest rules and schedule will be published on the FXCM website soon.

The Strategy Trader platform provides participants with all of the necessary tools needed to compete.

• Contestants can request FXCM’s programming services division to do all the coding work for them.
• If contestants are already familiar with C# programming, they can ask questions, get answers, and download the new extensive strategy language help file on the Strategy Trader Forums.

Coding, backtesting, optimizing, and executing trades, are all possible within the platform. Strategy Trader uses the open source C# programming language and participants are welcome to use Microsoft Visual Studio. Learn more about the Strategy Trader platform.




About FXCM Inc.

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.

At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade forex, oil, gold, silver, and stock indices on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.


*Past performance is not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown above.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary and does not constitute investment advice. Read full risk disclaimer.

 

[FXCM-PR Rep]

U.S. Retail Sales Tops Expectations in November, FOMC Takes Center Stage

Advance retail sales in the world’s largest economy rose 0.8 percent in November after climbing a revised 0.8 percent the month prior, while retail sales less autos jumped 1.2 percent to mark the highest level since March. Subsequent to the report, the dollar rallied across most of its major counterparts, but the advance was short-lived as traders shift their focus to the FOMC rate decision.

Taking a look at the breakdown of the report, growth was led by apparel stores, gas stations, sporting goods, and non store retailers. Not to overlook, producer prices was released alongside retail sales. Annualized figures advanced 3.5 percent, topping forecasts’ of 3.3 percent. Producer prices are worth noting due to the fact that producers tend to pass on higher costs to consumers as higher retail prices. However, businesses may be reluctant to pass higher costs onto customers as the unemployment rate stands at its highest level since April.

Market participants will now shift their focus to the FOMC rate decision. As of late, traders are pricing in a zero percent chance that the Fed will raise borrowing costs 25 basis points later on today as the economy faces tight credit conditions, slow employment growth, and low consumer prices. As policy makers are likely to keep rates unchanged, comments trailing the rate decision are likely to dictate price action. The fed may adjust forecats for 2011 and 2012, while acknowledging 'improvement' in the economy. Join David Song to cover this report live!

GBPUSD Daily Chart

Source: FXCM’s Strategy Trader – Prepared by Michael Wright

The GBPUSD continues its northern journey after reversing course at November’s low of 1.5483. Price action now looks poised to test the 1.59 area in the short term as technical indicators point to additional gains. The MACD has yet to reverse after hinting at gains in early December, while the slow stochastic trends upward. So long as price action remains bounded by the ascending channel, upside risks remain. However, a break and a close 1.5750 may pave the way for a larger correction as the overall trend remains to the downside.

 

[FXCM-PR Rep]

Announcing FXCM’s November King of the Micro Trading Contest

By Kiana Danial,

New York, December 20, 2010— FXCM Inc. (NYSE:FXCM) announced the November King of the Micro contest winners in its monthly forex trading contest update.

FXCM interviewed the top three winners of the November contest. Read more below to learn how the traders reached the top of the leader board and what set apart the one crowned King of the Micro from the rest . Read the full interviews and view their trading history on the FXCM Micro forum.

GRAND PRIZE: $25,000 in cash to Ma JianFeng
Seeing a 1,093.29%* return in November, Ma JianFeng was crowned as the November King of the Micro

Trading Experience: Around five years
Preferred Trading Pairs: In the past preferred EUR/USD & EUR/JPY, but now prefer USD/CAD & CHF/JPY
Average Trade Holds: Short-term trades in general, ranging from a couple of hours to a few days.
Average Daily Trading: Only several hours. However, usually monitor the forex market whenever in front of the computer.
Ma Jianfeng’s full survey and trading report

SECOND PLACE: $10,000 in cash to Ruyan Jin
With an 855.81%* trading return, Ruyan placed second.
Trading Experience: More than two years.
Preferred Trading Pairs: Mainly trades USD/JPY and AUD/USD, followed by USD/CHF.
Average Trade Holds: When has sufficient time, holds one to two days. Otherwise hold three to four days.
Average Daily Trading: Two to three hours.
Ruyan Jin’s full survey and trading report

THIRD PLACE: $5,000 in cash to Liang Chen
And a 705.32%* profit placed Liang third
Trading Experience: Three years
Preferred Trading Pairs: EUR/USD， USD/JYP
Average Trade Holds: A couple of hours or days.
Average Daily Trading: Two to three hours.
Liang Chen’s full survey and trading report

How to Enter the FXCM King of the Micro Trading Contest

To be a part of the November King of the Micro contest, you must be an FXCM Micro client with $500 in your account at the beginning of the month, and you’ll be automatically entered.

You must execute a minimum of ten trades during the month to remain eligible. To read the full contest rules, and to deposit money into your FXCM Micro account, view the King of the Micro Monthly Trading Contest Rules.

About FXCM Inc.

FXCM Inc. (NYSE: FXCM) is a global, online provider of forex trading and related services to retail and institutional customers worldwide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
*Past performance is not indicative of future results.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.

 

[FXCM-PR Rep]

FXCM Unveils Free Forex Digital Expo

NEW YORK—January 4, 2011—FXCM Inc. (NYSE:FXCM), a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide, has unveiled its brand new and free forex trading digital expo website. Following continuous forex educational expos, with a large and successful Las Vegas expo earlier this year, FXCM launches the free digital expo site. The expo site was put together for individuals interested in forex trading. It can be accessed from anywhere at any time.

Senior staff members from FXCM, DailyFX analysts and course instructors share their expertise in a variety of forex topics. The topics address basic forex issues to more advanced questions. There is essentially something for traders with all levels of trading experience. Visitors can take part in the expo by watching the videos and by reading the PowerPoint slides and the updated blogs. Traders can also discuss the presentations with the staff through the comment sections and the live chat feature.

Watch the expo by clicking on the theme that is suitable for your level of trading experience.

FREE digital workshops include:
• Intro to FXCM and Forex Markets
• Chart Reading 101
• Developing a Trading Plan
• FXCM Strategy Trader: Next Evolution in Forex Trading Strategy Automation
• Using Stocks and Commodities to Trade Forex
Click here, now, to watch the FXCM Digital Expo!

About Us
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.

Contacts
FXCM Inc.
Media:
Jaclyn Sales, 646-432-2463
Vice President of Corporate Communications
[email protected]
Investor Relations
FXCM Inc.
(646) 432-2986
[email protected]
www.FXCM.com

 

[FXCM-PR Rep]

Winners of FXCM King of the Micro Forex Trading Contest in December Are Announced


Monday, January 24, 2011—FXCM Inc. (NYSE: FXCM) gives away cash awards every month to three of its Micro clients with the highest returns on their trades. All FXCM Micro clients with a minimum of $500 in their account at the beginning of the month are automatically entered in the contest. To remain eligible, Micro clients must execute a minimum of ten trades during the month.

How the Online Traders Won the December Contest

Read below to learn how the traders reached the top of the leader board and find out what set apart the one crowned King of the Micro from the rest amid the drain in liquidity in December, which led to a sharp increase in volatility, resulting in more consistent swings, particularly in the USD. Full interviews and the winners’ trading history can be found on the FXCM Micro forum.

GRAND PRIZE WINNER: Ahmed El-Shazly from the United Arab Emirates sees 756.86% profit, wins $25,000 cash.*

Trading Experience: 3 years
Preferred Trading Pairs: GBP pairs
Average Trade Holds: 1-2 days
Average Daily Trading: Average of 4 hours
Key for Success: Believing in his method and analysis. Sticking to his money management rules.

Read the December King’s full survey and trading report.

SECOND PLACE WINNER: Baolin Cao from China sees 693.57% profit, wins $10,000 cash.*

Trading Experience: 7 years
Preferred Trading Pairs: AUD, EUR, GBP
Average Trade Holds: A few days
Average Daily Trading: A few hours
Key for Success: Being well-balanced in trading


THIRD PLACE WINNER: Tuck Leong Lai from Malaysia sees 655.61% profit, wins $5,000 cash.*

Trading Experience: 3-4 months
Preferred Trading Pairs: EUR/USD & AUD/USD
Average Trade Holds: 10-20 market days
Average Daily Trading: 6-8 hours
Key for Success: Risk management


To learn more about the contest, and to deposit money into your FXCM Micro account, view the King of the Micro Monthly Trading Contest Rules.

View the video announcement of December King of the Micro winners.

About FXCM

FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM’s large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. FXCM's UK subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver, and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.

* Past performance is not indicative of future results.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, analyses, or other information contained is provided as general market commentary, and does not constitute investment advice. Read full risk disclaimer.