Quote from leveragefx:
We are Introducing Brokers to FXDD, Gain and plan to add a few more. We did an experiment 5 months ago that has turned out better than expected. Most Forex traders lose money so for us to be successful we HAD to get our traders to become profitable so they would evolve from trading 1 or 2 mini contracts to full contracts.
We've grown pretty fast and now have about 450 forex traders. It's pretty easy to sell the best forex software in the world when its free, the eSignal data that runs it is free, and there is a paltalk room where we teach and trade with our students every day also for free, and give classes in our training room every day at noon EST.
Here's how we trade: We take trades with the trend until the market moves to statistically high probability reversal areas and then we trade counter trend. We trade the EUR, GBP, JPY, and CHF and use Daily, 30 min, 5 min, and 35 tick charts. The forex market is made up of hundreds of banks but we filter out all the wide spread banks and that is the reason our fast tick charts and volatility tools give good precise entrys.
If anybody would like to come in for a free training lesson to see how I and our group trade just let me know. I'm all about education and most importantly teaching money management! You can not make money trading stocks, futures, forex or anything else if your average loss is 2 to 3 X more than your average win. Keep losses small. I beat our traders over the head until they start taking tiny losses. Not suprisingly once a trader learns to do this they usually become quite profitable!
Chris