would be nice if all the forex newbs would come to index futs and at least give other retail traders a chance at their money. seems better for everyone at the retail level to compete against each other, assuming everyone thinks they have a shot at profitability
Ive been daytrading forex for over six months. I haven't had a losing month yet. I also trade stocks. I find the stock market much more manipulated. Frontrunning analysts upgrades/downgrades, earning manipulation, jerks like cramer moving stocks... i find Forex, much easier to see short term trends...
Wow, that Wikipedia (where EVERYBODY's an expert) sure is the definitive source of accurate information, innit? After all, if it's posted on the internet, it's gotta be true, right?
That is good point. probably hard to control and prove the scams. I mean it is electronic, how on earth to prove it. If we blame broker they probably will say its liquidity providers, and if liquidity providers are big players (banks etc) then us small ones will find it difficult to prove anything. Just life I suppose.
That's not the issue; if you can make money daytrading cash fx then you're still better off trading futures contracts on globex.