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The bucketeers grind down mini-accounts with as much devotion as regular accounts, don't they? Or do you believe the dealers put gold stars by the names of small customers to give 'em a fair shake? So why tell novices to pay the crooks? To “hopefully learn”? They’ll learn not to risk...

I can. Just ask me.

Below are some recent jewels from Moneytec, where the shills for spot fx dealers (the bucketshops) are winning the battle. First, proving that suckers really are born every minute, is this request (somewhat pitiful) from a bucketed customer about to tap out...

The shills for forex retailers are dumbing down on Moneytec, at least if this recent post on the beginners forum of that board is a guide: ________________________________________________ I am reading a lot of literature on trading (some of it not forex trading) and I do not understand this...

Spot fx dealing desk, update: "Sorry, sir, the charted spike is a misquote, your take-profit limit order was not filled. The price was 'never there'. But try again, we may have some more shorts to stop out at that price later."

"Thank you sir, may I have another."

Reported today, July 11, by AFX: "This week's focus will move from growth and interest rate differentials towards foreign imbalances," suggesting that the dollar will come under broad selling pressure, said BNP Paribas currency analysts.

My satire didn't have the bite I expected, I guess.

It was not my intention to be unfair to fx-review.com. I perused that site after reading your reply and found its "Forum" section. There, among other items, was the promotional post below from the same systems seller I quoted in my earlier post -- you know, the one who blew out his customers'...

Speaking of spot forex and systems, below is a recent systems shill on Moneytec. The shill doesn’t even bother disguising the initial wreckage – demand must be that good. The post conveniently comes with embedded hyperlink to something called w*w.fx-review.c*m, presumably a site sponsored...

Thanks to the newbie for this helpful, relatively easy question. The answer is in parts: 1) At all costs avoid exchange-traded products, where cold-blooded volatility puts your position at risk. Forex futures on the Chicago Mercantile Exchange are an example. CME forex futures are priced...

To RJJR, Pay as little attention as possible to the above poster. Saxo Bank, whom the poster is shilling for, is one of the fx dealing bucketshops that veteran posters warn novices about. Here's some of that wise advice on another current thread this forum: "Spot FX - touted as...

Who told you to try FX and what are the reasons for that advice? Both are important in my view. The quality, or lack thereof, of the advice correlates to the result, so it is a good idea to know the quality of the advisor and the reason(s) behind the advice.

Correct, when trading spot fx, you're down the spread, and you have the risk that your stop will be hunted and your limit (take profit) order will be jobbed, i.e., dishonored, when your limit price is breached. Even playing small, those are poor odds.

Spot fx dealing desk, cont'd: "Sorry, sir, the charted price is a misquote, your limit order is not filled. The price was 'never there'. But try again, we may have some more customers to stop out at that price later."

Presumably, pricier yuan would give China's competitors more pricing power and allow them to pull down even greater shares of massive dollar float caused by twin US deficits (spending/saving and gov't). Japan's exporters, who are China's competitors, would benefit directly. Japanese economy...

Wittgenstein/Baruch, Please, if you're going to shill for Saxo Bank, please use one identity. At least that way I can keep up. See this post on Moneytec about your user names: "baruch - you are indeed livermore, darvas and witt - this can only be so when you have the same ip addresses...

Ivanovich, Looks like we're the only two Board members interested in position trading the USD, in my case with the Yen. (By the way, did you find a trustworthy fx dealer? Recall my post about the dealer who burned me.)

Looking for insight and predictions from experienced traders (not touts or shills, and certainly not "Coinz") on Yen moves through the summer, namely for a position of 2 or 3 months duration. My sense is that US treasury inflows of foreign capital, which normally are much lower in the summer...