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Hey Jimbo, Absolutly correct! The suckers and their money would soon be parted regardless, and that goes as well for the sympathetic mom/daughter picture in your linked article. With Refco going under from their super thief it just happened a little quicker. DON'T trade currencies is the...

In consideration of a stupid generic question like, "If you work with 200K what is the best way to make 1mill in 2 years?"... ...I'm with Redmanplus on what he said. L

It would be interesting to see exactly how it all unfolds at FXCM...that would probably clarify an understanding of the details around why FXCM is not scalper friendly. I would suspect you are right in your above observation. It makes sense that they would be confirming the makret price to...

Well, I believe I understand how FXCM operates from the explanation given by the FXCM rep here on this forum. A simplified picture of the process of trading with FXCM (as I see it). 1) trader puts in market order to buy 3 contracts of EUR/USD. 2) FXCM fills the order. The net result is now...

The only times that I have lost connection to the server is about within 5 minutes to rollover when I am due to pay interest. When I go to close my postition at market, a pop up comments something like "connection with server has been lost". It actually connects quite quickly...as quick as it...

I don't believe I have experienced the practices you mention at FXCM. Proving or disproving price shading would be an arduous task considering the nature of the FX market. Price spiking occurs within the natural environment of the FX market. I have never had a problem with FXCM spiking my...

Well, I think the input has been beneficial for myself personally. I have looked into currenex and better understand why it would be a better alternative for many traders. For myself, at this particular time regarding my trading size and style, the FXCM platform seems to work exceptionally...

Well, I'm under the impression they make their money through the bid/ask spread. The idea that they trade against their customer accounts is novel, but does not make a lot of sense. The currency markets seem much to complex to simply base a trading position on/against the combined positions of...

I don't understand the rational behind this commentary. I regularily trade 5 mini lots and more with FXCM. How is it that I could be considered "insane"? Thanks for any input. L

I think I would tend to agree with RedDuke. FXCM is not all bad, at least not by my experience. I have just checked my acount opening date and I have had my mini account since late 2002. I also would like to see FXCM stay competitive with their spreads. Some general coments... 1) I am...

Yes, you are correct on this...I caught these points also. That trader's understanding of arbitrage is seriously lacking....something along the line of, "...an opportunity to make outrageous profits...". The other documentary I mentioned... "The Corporation"... also has a liberal slant. I...

"The Corporation" is a documentary about...well...the corporation. Very well done...there is a small commentary about the reaction of gold traders on 911 by a broker. http://www.imdb.com/title/tt0379225/ Linus

I'm not familiar with them or their platform...but it sounds like you should be having a discussion with them on these issues... You should certainly contact their tech support at the email listed within the following linked page... http://www.cmsfx.com/en/platform/features/ Linus

Enron, The Smartest Guys In The Room http://www.imdb.com/title/tt0413845/ This is a documentary..."Roque Trader" was a great movie, but this is even better IMHO. Linus

I am not familiar with MB, but I have a mini account with FXCM. I checked the chart for 6:30 EST this morning and note their chart reads 1.7575 for GBP/USD. Now FXCM has a fixed 5 PIP spread on this currency pair and the prices charted are the "sell" side of the market. This means that the...

Hi Pipshunter, I'm not certain we can assume they risked 50% with the numbers you have given. With 10 minis and $2000 in the EUR/USD, they would be risking 50% of their account if their stop was 100 pips back from entry. If their stop was only 20 pips back from entry, they would be risking...

I currently am a mini account holder at FXCM and am kind of surprised at some of the negative comments regarding FXCM. I have dealt with them for over two years now and have been both active and inactive during that time with my trading and have found them to be very professional in their...