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.
Hm, âfutures idiotsâ. 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?
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.
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 âmarket makersâ 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
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