Discussion in 'Forex Trading' started by telozo, Jul 26, 2002.
Is someone trading with FOREX (www.fxcm.com)?
Yes, but not with FXCM.
What's wrong with FXCM?
I was just interested in some opinion about trading with fxcm. You can sign up for a demo account, and you can do trades in the demo account like in a real one. You have to pay the spread all the time, but you don't pay any brokerage or commission fees. They also have a mini account, and they offer a lot of leverage.
You can trade 24 hours a day, and once your limit price is hit, is automatically executed. It's also nice that you can place your stop loss and your profit target while waiting for your limit price to be hit.
Do you know of any other similar firms that I might have a look at?
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Nothing that I am aware of. I trade with OandA. Unlike most online FX firms, they don't have 100,000-unit size or mini. With OandA, you can open an account with any amount and trade positions of 1 unit to 10,000,000 units.
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