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Do be careful with Forex. Lots of shady stuff about and what many people don't realize in many (most?) cases of consumer internet platforms (like FXCM), one is
by mythrwy 9y ago
Do be careful with Forex.
Lots of shady stuff about and what many people don't realize in many (most?) cases of consumer internet platforms (like FXCM), one is actually trading against the company (they are the market maker) not against other participants. Not saying what does or doesn't happen, but the situation is such that there is incentive to do things like widen spreads and hit stop losses.
- tonteldoos 9y agoWhat this guy said. I've known a handful of people who have made some money on forex, by being extremely diligent and patient. I know many, many more people (including myself) who have lost unhealthy amounts of money while trading forex.