How Do You Use the FXCM Trading Station?


Quick Answer

Prospective traders can use the FXCM Trading Station by opening a free practice account through the company's website. The Trading Station is accessible through desktop applications, web browsers, smart-phones and tablets, per FXCM. The company offers a $50,000 practice account for new users, in addition to a forex trading guide.

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Full Answer

FXCM is a foreign exchange broker that offers traders the ability to buy and sell world currencies, according to Investopedia. Non-U.S. users may also trade Contracts for Difference. New traders can choose from three types of accounts: micro accounts with at least $50, standard accounts with a $2,000 deposit or active trader accounts with a $50,000 deposit.

Users get access to real-time forex prices, preloaded indicators to save time, email alerts and multiple order types with the FXCM Trading Station. Automated strategies are also available so traders can find the best combinations to maximize profit. The Strategy Backtesting feature offers visual representation of trade history and performance summaries, notes FXCM.

The Trading Station comes with Marketscope's charting package for viewing detailed trading charts. This feature allows users to streamline their trading process and analysis, states FXCM. Traders may select other indicators, scripts and applications within the Trading Station to personalize their forex trading experience.

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