I liked it a lot. Seeing X-Trader screens brought back some memories Quite a handful of fast moving DOMs
We are not a broker. We are not a vendor. We are not an educator. We are a network of traders bringing innovation to the trading industry.
I tend to agree, this has marketing Tim Sykes written all over it. Sounds like he is starting a trading union combined with another elitetrader like forum---- unless this is a FOREX dealer ploy? surf
Why not, Ice? CME has promoted other marketing types in the past-- just look at their roster of "educational providers". I am very curious who this is, and what they are offering. It is refreshing to see some unique angles in this game.
"We are traders, we are the best, you can only wish you were us. We really are the self-sufficient assholes we are supposed to be."
According to this ariticle: http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403 An estimated 615,000 Americans are dabbling in foreign currency trading, encouraged by advertising from the two biggest U.S. brokers, FXCM Inc. and Gain Capital Holdings Inc., both based in New York. Combined, FXCM and Gain have about 260,000 accounts, a third of them in the U.S. These customers are losing money in spectacular fashion. 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. FXCM quoted: "The majority of people today are on a quarterly basis not doing well," Drew Niv, FXCM's chief executive, acknowledged in an interview. 75% loses on each qtr results to at least 98% losers annual meaning more than 95% of small traders lose. They just lose!