Forex trading

[bchip]

Using technical analysis support and resistance is great for investing for a long term, adding to your positions with no stops and dollar cost averaging.

:wtf:

This is called the Martingale strategy....dont use it

 

[CamiKaze]

Why is FNB trying to encourage customers to get forex accounts then?

 

[The_Ogre]

Here are some.



Do they refund your money back?

After reading through the review on some other forum, it seems that FXCM had a problem to refund
your account money?

My "T" for trailing stop loss mysterioly changed to an "S" for static stop loss????

And then they have unecessary delays with MT4 and FXCM. I get constant off quotes and CONTEXT
busy.
I am a manual trader, I tried closing some positions and I kept getting context busy. I had
to live chat with customer service to get my positions close. This again is really unprofessional
It would appear that FXCM Micro is intentionally spiking price action to hit stops.

I had only read about this before and did not believe it.
.

I don't know hey.

Seems to me you have terrible luck.

I'm with Pepperstone and I have NEVER had an issue with them.

I got a bit of a fright last night at exactly 23:00 when I tried closing a trade and it told me "Market Closed", only after a few seconds did I get a lightbulb moment and realise that the close their books for the day at exaclty 23:00 and only open again at around 23:01

I've never had to wait for than 5 days for a payment. It averages at about 3 days from me clicking the "Withdraw" burron so me receiving the SMS from my bank.

 

[Oopsie]

Yes YingYang. Pepperstone as like all FX brokers start out sounding great but will fail as they all do. PS was a recently established FX Co and will go the same way as they all do.
I have done some research into them and they are not registered with any ombudsmen in any country. You have no recourse to any irregularities like spikes to take you out that never actually occurred, money withdrawals etc.
Pepperstone are a WL of AXI and licensed under CDM which doesn't even cover market making for FX. Meaning they're not properly
licensed.
You go boet.

 

[Oopsie]

Just to add. Look at any FX Co's that have failed and has a red SCAM written on their name in forexpeacearmy. They all had an office in Dublin, Melbourne, London etc. BUT the money will not be there. You may think it is and is regulated in those countries but it is not. It will only be an office but your money will be in a dubious country that you will have no recourse to as there will be no regulations in those countries.
I got the T-Shirt.

 

[snowbeast]

I had a client who started Forex Trading, invested R100k, first month made 40k - withdrew and blew it, second month made R30k - same story, third month lost R90k. Now sitting with R10k in the account.
If you make big, save big.
Personally I don't have the stomach for it, I just invest in Unit Trusts.