Registered: Jun 2011
10-20-12 06:29 PM
they say 90% lose. They're not talking about people like you and me. They're talking about the guy that can't even make it through the first advertisement.
Quote from Jack_Larkin:
I donno... paying retail commissions for the privilege of busting out an over-leveraged $5k account as I try to make enough to cover my platform fees and expenses each month with a firm that clearly isn't operating within US regulations sounds like a hell of a deal to me.
Where do I sign up? lol
Seriously speaking, under-capitalized have better options out there.. even if they can't get hired by a firm who will back them, working other jobs and saving up til you're properly capitalized is a better option than losing $5k trying to pay the bills day-trading.
And this isn't a 'small traders lose, they just lose' emg style rant either, as I don't think a trader needs a few hundred thousand in their account and an Ivy education to trade for a living... I'm just speaking practically here.