CFTC disclosures:72-79% of FXCM and GAIN customers lost money each quarter last year

Discussion in 'Forex Trading' started by ASusilovic, Nov 10, 2011.

  1. At FXCM, 75% to 77% of customers lost money each quarter last year, according to newly required disclosures to the Commodity Futures Trading Commission. At Gain, which operates through http://www.forex.com, the number of unprofitable customers hovered between 72% and 79% every quarter last year, according to its filing.

    http://articles.latimes.com/print/2011/apr/03/business/la-fi-amateur-currency-trading-20110403

    Ouma made two mistakes: investing on credit and trying to make a buck by predicting changes in currency exchange rates, something best left to professionals, according to personal finance experts.

    Question: when will FXCM finally start a Managed Forex platform open for the public?
     
  2. You figure they would've seen the light by now. A managed acct setup would definitely help them in the area of customer retention. Better than depending on the quick imploding, "I wanna make a million in one month" , I use 15 indicators, full leverage newbies.

    Lets see how long it takes FXCM to take their head out of their ass..