Tips

Forex trading with Fxcm. Does it worth it?


In this text, I am going to tell you a little about my experience in how to open a FXCM account and trade using Wise-Signals.

How to open a FXCM account?

It was so easy. First, you access their website in the session to open an account. It is essential that you provide some personal information, create a password and create a login to your account.

The website will probably ask for some documents so that they can see if you really are who you say you are. It is a quick and efficient security tactic. For me, they requested two photos of my driver’s license (front and back) and a self-image.

The final assessment of my information took about twenty-four hours and was carefully informed by email.

How to deposit to your account?

After opening a fxcm account to trade, you can start putting money into real Forex trading, or you can try using a demo account to learn how to trade.

Knowing the basics about Home Broker Forex, I went straight to a live account. Then I used Skrill.com to transfer my first $50 to my account and did this to test how to fund an account without using credit cards.

So, I selected this option because many people do not have an international credit card and some credit card providers, such as Mastercard, block Forex transactions.

If you deposit into your account using your credit card, use the same method to save your money later.

Within the Skrill.com website, you can fund your account by issuing an invoice for the desired amount. I deposited $50.00. It costed me $0.50 in taxes to send my money. There were no Skrill.com taxes on this transaction.

A few days later, after paying the invoice, the money was available on Skrill.com, and I used it to fund my FXCM account.

Using Wise AI forex signals to Trade on Fxcm

Are you ready to copy and paste your Wise AI forex signals at FXCM.com? So, let’s get started! The first point is subscribing to a Wise-Plan. Click here to choose one that best fits for your necessity.

Then, set an amount and a position size on your Wiseinvest dashboard. And finally, you just need to copy the Signals that you will receive on your e-mail and paste into the Fxcm Traderoom.

The signals are sent every time that the Artificial Intelligence crops a new opportunity to trade, based on the amount you set on the dashboard. You can also get the signals in real-time directly on our website dashboard.

Check how you will see the signals on the dashboard

There are two resources that you are dealing with. First, the Home broker itself, which you can find on the left side of the contract screen.

Check the Entry Oders window where you will paste the Wise signals to trade

Notice that they use term Symbol that is the same of Pair or Asset on Wiseinvest Dashboard, and Limit that corresponds to Take Profit.

At the top, the different menus of the application, on the right, as the main news of the day related to Forex and in the center, you can see the trades live and the history of your trades.

Another important feature is MarketScope, where you can see the graphs and use all types of indicators and analyzes. It is useful to follow the signals you receive and compare with the information you read in Wiseinvest’s financial content.

Without the main feature, you can select the Forex-related contract on the Wise-Signals. It is important to correctly fill in the amount you have available to invest on the Wiseinvest dashboard, as it will be used to calculate the appropriate size of your position.

The limit price (the same of Take Profit) and the Stop Loss (measure to avoid loss) will be suggested by Wiseinvest Artificial Intelligence. So, you just have to copy, paste and send. After that, you can open the chart in MarketScope and see what it looks like.

You don’t have to follow a screen every time, just wait or get a price. You can make as many positions as you receive signals up to the limit of your account margin.

My personal impressions

After a few months of using FXCM.com, I am feeling quite satisfied. I realized that to open a fxcm account to trade using signals really worth it.

There are some problems with the application on the desktop, and possible failures after a long login may occur. But you can usually fix this if you restart your computer or clear your cache.

I find it a bit limiting to only have twenty Forex pairs slots to monitor simultaneously. Sometimes you need to change them, and this can be annoying.

My overall perception is very positive and the background check on the FXCM compliance and display aspects was also positive.

Takeways

  • It is easy to open a Forex account at FXCM.com.
  • Forex is a good way to invest your money for extraordinary gains and FXCM can be a good option.
  • Once your account is open and running, you can take advantage of the Wise AI forex signals and start making a profit.

It is truly a wonderful experience to trade in over-the-counter markets, just from your personal computer. You feel the power of the Internet and you get artificial help to achieve business prosperity.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.