General Trading

Basket Trader

Developer: FXCM

Basket Trader is a standalone app that lets you open, close and monitor multiple positions by grouping them together as a basket.

Select one (or multiple) currency pair/CFD products and specify the lot size and direction of the trade. The app displays relevant account information such as account number, equity and available margin. You can track the profit and loss of each basket with the option to attach a stop loss and take profit. Close your basket trade quickly with a single click.

*CFD Note: The amount requested in the LotSize field takes into account the minimum contract size for the particular instrument. For example, as the minimum contract size for Silver (XAGUSD) is 50, entering “2” in the LotSize field will result in a trade size of 100 opening. 

*CFDs are not available to residents of the US or its territories. As such, accounts held with Forex Capital Markets LLC (FXCM US) do not have access to this app.

INPUTS

The following are inputs available in the application:

Basket Set: Construct your basket set, assign take profits/stop losses as well as send orders.

Account Info: Monitor your current account information: your account number, account equity and balance, and Used/Usable Margin.

Open Positions: See the unique Group ID assigned to the basket, along with the number of trades in the basket, floating P/L and Stop/Loss and Take Profit. Change the stop loss and take profit for open baskets using the “Modify SL/TP” button, or close out the basket by clicking “Close Basket.”

*Note: P/L is in the base currency of the account.

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

An FXCM account is required, not including accounts held with FXCM LLC (FXCM US). Individuals who do not have an FXCM account can register for a free FXCM Practice Trading Account (demo accounts). Demo accounts allow users to test the software in a risk free environment.