1. Beginner's Guide To FXCM: Introduction
  2. Beginner's Guide To FXCM: Services Offered
  3. Beginner's Guide To FXCM: Opening A Demo Account
  4. Beginner's Guide To FXCM: Basic Navigation
  5. Beginner's Guide To FXCM: Charting Software
  6. Beginner's Guide To FXCM: Trade Management
  7. Beginner's Guide To FXCM: Advanced Features And Resources
  8. Beginner's Guide To FXCM: Conclusion

Trading Station by FXCM offers many advanced features that traders can learn and attempt to make use of. Most of these features revolve around the charting platform and the ability to create custom indicators and automated trading strategies. Most of the advanced features are accessible through the Alerts and Trading Automation menu in Marketscope.

Figure 29: Advanced features
Use of many of these features will require some advanced knowledge. Some features you can acquaint yourself with include building strategies, custom indicators and the ability to backtest a strategy.

If you have questions about how to use Marketscope (the charting platform) or any of its features, you can always access the online help manual via the Help menu. (For related reading, see An Introduction To Securities Markets.)

Figure 30: Help Menu
FXCM Resources
Trading Station offers lots of tools within the platform, but it also allows you quick access to online resources. From inside Trading Station you can click on "Research" in the Shortcuts Bar to access a summary page of DailyFX, providing trade signals, analysis, forums and educational content. From the Shortcuts Bar, you can also easily open another account or convert your demo to living trading. Chat support is also only click away via the Chat button.

Figure 31: One-click resources
Also, traders can access their account and trade from any computer using Trading Station web. This is an online version of the desktop software that we have just gone through. Traders can login and trade online through the fxcm.com website. Functionality is virtually identical to the desktop platform except that the web platform does not support backtesting or automated trading functions.


Beginner's Guide To FXCM: Conclusion
Related Articles
  1. Trading

    How To Place A Trade With FXCM Markets

    Learn how to trade with the FXCM Trading Station and supported MetaTrader4(MT4)software.
  2. Investing

    FXCM Sells Forex Website for $40 Million (FXCM)

    The foreign currency brokerage plans to use the proceeds to repay outstanding debts.
  3. Investing

    FXCM Exits American Market, Stock Crashes

    FXCM is selling its unprofitable American business to help settle outstanding debts.
Frequently Asked Questions
  1. What is the difference between upstream and downstream oil and gas operations?

    The closer to the end user a function or firm is, the further downstream it is said to be. Raw material extraction or production ...
  2. What is the difference between a capital expenditure and a revenue expenditure?

    Capital expenditures represent major investments of capital that a company makes to expand its business and generate additional ...
  3. What is the difference between revenue and income?

    Revenue is simply the total amount of cash generated by the sale of products or services associated with the company's primary ...
  4. How can my stock's price change after hours, and what effect does this have on investors? Can I sell the stock at the after-hours price?

    When the regular market opens for the next day's trading, stocks may not necessarily open at the same price at which it traded ...
Trading Center