so is this true?
- Thread starter chipmunk
- Start date
no had a good few days....but it doesn't stop the thought of being scammed by brokers.....Unlike you I think they are there simply to make money out of us...
Next you'll be telling us the banks are charitable organizations....
Such a prick!
Anyway you are on my ignore now so go and flame someone else...
Oh an i know you are scalping using that method from F.F. Whoooaaa what a great trader you are... LOL I wonder what you are really like? Married/girlfriend..(more likely a boy friend) Are you on social and living in a coouncil flat? Is that why you can "trade" all day with Oanda with your $3,000 account? GET A LIFE!
Next you'll be telling us the banks are charitable organizations....
Such a prick!
Anyway you are on my ignore now so go and flame someone else...
Oh an i know you are scalping using that method from F.F. Whoooaaa what a great trader you are... LOL I wonder what you are really like? Married/girlfriend..(more likely a boy friend) Are you on social and living in a coouncil flat? Is that why you can "trade" all day with Oanda with your $3,000 account? GET A LIFE!
Cabletrader and myself had this discussion few times over 1 year ago.
Yes, yuo can get by with some forex brokers the best are IB and Oanda, but there is more risk for sure.
When Refco went down in 2005, futures customers had no issues withdrawing their funds, but forex customers could not withdraw funds for few years, and then got 10-15c on a dollar or something like this since funds are not really segregated. So even if forex shop is NFA registered no guarantee fro your funds either.
If you trade at any forex broker (IB might be an exception, but I never personally traded with them) with tight SL, yuo arre history for sure, mental or wide stops yuo will have a shot.
The best reason to trade forex is size, you will not get 100 lots filled on a single tick with futures even with 6E.
Forex is tradable as long as you realize that it is a bucket shop and know how to handle it.
By the way, did anyone account got closed when trading with 50+ lots and constantly winning? By trading I mean not trying to hit large number of lots during NFP release.
Regards,
redduke
Yes, yuo can get by with some forex brokers the best are IB and Oanda, but there is more risk for sure.
When Refco went down in 2005, futures customers had no issues withdrawing their funds, but forex customers could not withdraw funds for few years, and then got 10-15c on a dollar or something like this since funds are not really segregated. So even if forex shop is NFA registered no guarantee fro your funds either.
If you trade at any forex broker (IB might be an exception, but I never personally traded with them) with tight SL, yuo arre history for sure, mental or wide stops yuo will have a shot.
The best reason to trade forex is size, you will not get 100 lots filled on a single tick with futures even with 6E.
Forex is tradable as long as you realize that it is a bucket shop and know how to handle it.
By the way, did anyone account got closed when trading with 50+ lots and constantly winning? By trading I mean not trying to hit large number of lots during NFP release.
Regards,
redduke
Well which one is it going to be, $3,000 or $10,000, come on make your mind up
And what's all this about FF? lol, I might have guessed, you're an FF refugee!
Yawwwwwwn......
Absolutely right, you have to know what you're doing.
I've found that the majority of people who whinge and whine about bucketshops without anything tangible to support their complaint are usually just bad traders, bucketshops don't need to do anything, these people willingly lose on their own without any help!
+1 on big brokers like IB. I would never trade forex through a smaller or foreign FX firm.
Devin Brady
ET Sponsor
If you read other sections of this board, you will find that this sort of traders do exist in all asset-classes, not only f/x. They whine about changes in tick-increments on futures, and if its not the increments its 'the algos', and if its not the algos its GoldmanSachs being totally unfair, and if its not that its the fakers & flippers, and so on. There will always be an excuse for losses if the delusion is big enough.
The first step of becoming a real trader is to realize, its always your fault. And if its not, its still somehow your fault for trading with these clowns in the first place, or continue to trade with them after you have been burned the first time.
The first step of becoming a real trader is to realize, its always your fault. And if its not, its still somehow your fault for trading with these clowns in the first place, or continue to trade with them after you have been burned the first time.