class action against FXCM

Quote from ddunbar:

BTW, Duke, we have a discussion earlier this year about trading CME currencies. A week or two later I started trading them. Not that I've given up trading spot currencies because I have accounts with two brokers who use the ECN model, and one with Oanda. But there are distinct advantages to trading currency futures.

So, just know, you've swayed at least one person.

Really glad to hear this. Anyone who has open mind and spends time inquiring about how retail forex really work, will understand that retail forex undoubtedly exposes a trader to larger risk without compensation with a larger return.
 
Quote from siki13:

Cking74 you can kiss your thread goodbye ,the currency futures idiots has successfully hijack another forex thread.
Well done guys

:D :D

Hm, “futures idiots”. Please name any other product that is out there which offers a better playing fields to retail traders than electronic futures or ETFs.
 
Sure we've heard this happens everywhere...could I ask why you just dont move your FX trading somewhere else...although I know FXCM is quite large and offers some "Security" in their size.
What sort of numbers are you doing....to be hitting requotes and big slippage?
 
Quote from RedDuke:

Hm, “futures idiots”. Please name any other product that is out there which offers a better playing fields to retail traders than electronic futures or ETFs.

No you misunderstood me, nothing against the futures i call you an idiot because you try to change every forex thread discussion in to forex vs futures debate
Just to name a few:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1167508#post1167508
http://www.elitetrader.com/vb/showthread.php?s=&postid=1108941#post1108941
http://www.elitetrader.com/vb/showthread.php?s=&postid=1163804#post1163804
http://www.elitetrader.com/vb/showthread.php?s=&postid=1086181#post1086181
http://www.elitetrader.com/vb/showthread.php?s=&postid=1046494#post1046494
 

Okay. Maybe, but you have to understand...

Forex Thread: "Waaaaah, I got my salad tossed and they made me pick up the soap!"

So, RedDuke's just offering some friendly advice on how not to be BubbaForex's biatch.


:D
 
There is nothing wrong with forex on inner bank level. It took me a while to realize what retail forex at all these virtual places called “market makers” truly is. I just want to save people some time, the time which I lost. I see threads about various issues with forex brokers and I post there to give the message a bigger audience. To call someone an idiot over the fact that the truth is being explained is idiocy in itself.

I communicated with few people on various forums who claim to be making millions at retail forex, but when I got a chance to speak to traders at large banks, they were laughing very hard about my naiveness . All my points are listed, it is up to people to make up their minds.

redduke
 
Quote from notouch:

And there are no ballooning spreads with Globex Euro-FX?

No, not that I have seen. I see the bid and the ask track each other quite tightly even during news events. The most I've seen the bid and ask spread at is 3 ticks. Most of the time, you can get in and out with limit orders and don't have to pay any spread, just commish.

RoughTrader
 
Quote from RedDuke:

Hm, “futures idiotsE Please name any other product that is out there which offers a better playing fields to retail traders than electronic futures or ETFs.
ECN-traded spot forex, hands down... spot is king dude...
 
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