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

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