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IBFX is absolutely retarded ! ! Avoid them ! !
- Thread starter Gcapman
- Start date
Quote from bigpipn:
My top 3
1) Dukascopy
2) Jade FX
3 Go Markets
GoMarketsAUS? Seriously? How did you do this last week?
I have a live account with them and on 2/5, I saw widening of spreads to the following:
USDCHF = 124 pips
EURJPY = 55 pips
GBPUSD = 24 pips
USDJPY = 43 pips
So unless they answer favorably, and even if they do, I'm closing my account with them.
Everytime you call someone a retard or something retarded, it makes Sarah Palin hurt a little more on the inside.
Please, won't you think of the crooked politicians from the backwoods?
Please, won't you think of the crooked politicians from the backwoods?
I can't believe people are worrying about SFs. I mean, if your target and signals are that close to the margin, that often, then maybe you should seriously take a closer look at how you are trading.
Spreads
Swap Fees
Broker Commissions
None of these things should be impacting the Currency Trader, if they are trading correctly and using the right Intermediaries. The only time these things are of concern, is when you really don't know why you are entering the market, the probability for target acquisition (striking the target) was too low to begin with, your accuracy rating is too low, your trade signals (system) is too ineffective, you just had a bad trade (it happens to all of us sometimes) or you are trading with an Intermediary that pins its cost per trade into the stratosphere (which would be far more obvious than what is being discussed here).
Get far away from hack jobs Intermediaries, find a better place to trade (they are out there - you just have to do the legwork) and start entering trades that make sense from a probability standpoint (do the homework) and you won't have to worry about things like spreads, swap fees and commissions.
That's my 63 pips worth.
Spreads
Swap Fees
Broker Commissions
None of these things should be impacting the Currency Trader, if they are trading correctly and using the right Intermediaries. The only time these things are of concern, is when you really don't know why you are entering the market, the probability for target acquisition (striking the target) was too low to begin with, your accuracy rating is too low, your trade signals (system) is too ineffective, you just had a bad trade (it happens to all of us sometimes) or you are trading with an Intermediary that pins its cost per trade into the stratosphere (which would be far more obvious than what is being discussed here).
Get far away from hack jobs Intermediaries, find a better place to trade (they are out there - you just have to do the legwork) and start entering trades that make sense from a probability standpoint (do the homework) and you won't have to worry about things like spreads, swap fees and commissions.
That's my 63 pips worth.
Quote from Gcapman:FXCM is superior!!!
Superior to what - a root canal?
How many times must one endure having the FXCM Trading Platform hose it self whenever the market volatility gets strong? How many times must a Close Position click, get met with a Market Price Has Change From Quoted message resulting in your position remaining open well beyond your desired manual exit. Or, what about having your Leverage geared down without so much as a simple phone call to inform the trader, just because your account balance has grown geometrically and you are very profitable and placing larger trades on a routine basis? How many times should a trader have their most profitable trades closed, leaving the most unprofitable trades wide open, without so much as a phone call from FXCM to inform you that they are about to engage in such irrational activity?
FXCM is superior, I agree. Just slightly more superior than a Double Root Canal with zero local anesthesia.
With FXCM, it is not merely a matter of trading at your own risk. It is a matter of trading at the risk of losing everything. [You've got to read the fine print]
Quote from Veyron 16.4:
Superior to what - a root canal?
How many times must one endure having the FXCM Trading Platform hose it self whenever the market volatility gets strong? How many times must a Close Position click, get met with a Market Price Has Change From Quoted message resulting in your position remaining open well beyond your desired manual exit. Or, what about having your Leverage geared down without so much as a simple phone call to inform the trader, just because your account balance has grown geometrically and you are very profitable and placing larger trades on a routine basis? How many times should a trader have their most profitable trades closed, leaving the most unprofitable trades wide open, without so much as a phone call from FXCM to inform you that they are about to engage in such irrational activity?
FXCM is superior, I agree. Just slightly more superior than a Double Root Canal with zero local anesthesia.
With FXCM, it is not merely a matter of trading at your own risk. It is a matter of trading at the risk of losing everything. [You've got to read the fine print]
Veyron,
Are you being bitter or have these things actually happened to you? I'm asking out of honesty because you are actually the first poster I have seen to write such things with some sincerity.....