I do not blame fxcm for my own not doing homework etc... that is fair enough... BUT PLEASE, do not think or say that FXCM does not prey upon those same kinds of people... in fact, one of their advertisment/ banners, actually says "trading forex is easy" !!!
You should not be so naive as to think that many many others have three days looking at forex and then start their $ 300 demo account with FXCM... or other brokers too for that matter...
Again, the record of FXCM is long and clear.... another for instance is all the shady things that happen on their platform... funny how it works great until you have some good pips going and want to get out of a trade in profit, and their platform crashes or freezes etc... funny that never happens at other not so important times... and to be truthful again... I have never ever had any further problems trading once I got away from FXCM...
You should not be so naive as to think that many many others have three days looking at forex and then start their $ 300 demo account with FXCM... or other brokers too for that matter...
Again, the record of FXCM is long and clear.... another for instance is all the shady things that happen on their platform... funny how it works great until you have some good pips going and want to get out of a trade in profit, and their platform crashes or freezes etc... funny that never happens at other not so important times... and to be truthful again... I have never ever had any further problems trading once I got away from FXCM...
DislikedOk seriously what you said is the funniest thing I have ever heard.. Since you didn't take any courses or learn enough about the market you are blaming FXCM?
" People trade with $ 300 because they don't know yet that at $ 1 per pip, they cannot trade like that... and a lot of the fault for that goes to FXCM..."
Who doesn't try out a demo and realize that its only 250 points you need before you lose basically everything. If you demo traded for 5 minutes you would realize that so I dont see any issues there.
From what it sounds Tiki, you didn't do you homework and just like blaming the firm for your initial noobie mistakes. You also say that you saved for a while to get the $300 to trade, what confuses me most is why weren't you learning about the market at the same time as you were saving..
Now I'm not trying to say i'm some great trader, I just have a realistic idea of the markets and my expectations but seriously I dont think anywhere, even with micro lots it makes any sense to trade with $300..
As for FXCM I have read the reviews time and time again, but I dont feel that anyone says much about the changes they have made. All sounds like it was back when they used a Dealing desk model and had fixed spreads but I haven't heard much since from most people and personally don't have any complaints..
Overall all I am saying is that micro lot or mini lots, coming into a financial market with $300 is downright foollish. Buy a course with that $300 and demo trade and learn how to trade..Ignored