Comments on: Forex Tips: Online Broker Reviews Suck

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By: Mischelle

Mischelle — Fri, 24 Jun 2011 09:12:18 +0000

In Europe things are better as high leverage still exists. I have an account in AAAFX cause I receive signals from zulu and noticed that execution is faster. In general I believe that there are 2 categories of newbies. The first ones who take themselves as forex experts cause they have managed to earn some pips and the second ones who learn forex but have no help in understanding the forex terms. Both open live accounts and end up loosing their money.
Do you really believe is their fault?
Forex is too attractive…to stay in a demo for 1 year.

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By: lisahenry

lisahenry — Tue, 14 Jun 2011 08:05:11 +0000

Thanks for posting the tips for forex broker review. These tips are very useful to the people who are intrested in forex trading.

By: Russell Sparks

Russell Sparks — Sun, 21 Mar 2010 02:31:57 +0000

Skipw, you sure it isn’t a bunch of ignorant policy-makers wanting to appear to be doing something to alleviate the GFC crisis without actually addressing the problem because to address the problem is too hard? and the people who control the real causes of the problem are too powerful and probably are profiting from the GFC anyway? I think the newbie traders are not significant enough to bring on a change in leverage. It is just an excuse to be seen to be doing something. The change in leverage will only be shortlived probably anyway as the bigger players will simply move off shore (there’s a bit of room on my couch here in Australia for a couple of profitable traders who want to take advantage of the full leverage)

By: Skipw

Skipw — Sun, 21 Mar 2010 01:25:05 +0000

All the newbies who are crying about their brokers and not taking responsibility for their poor trading are the ones who are influencing CFTC to take away the 100:1 leverage here in the United States. Leverage has already been reduced from 200:1 and 300:1 to the current 100:1. Now they want to make it 10:1 because of wantabe get rich newbie Forex traders. It sucks to be a trader in the US.

By: Romsy

Romsy — Fri, 12 Mar 2010 21:39:12 +0000

Thanks Nick for you observation on the subject of broker review. I was just scrolling these days thru various forums including FPA (FX Peace Army) so what the peole are complaining about is disaster.
Actually some of those new traders were insisting from broker on returning of $10 or so from their $100 acc. because of broker’s mistake. That’s why they rated the broker with one star and they were calling the Support for the money back.
Very few of them will admit they loose because of their mistakes.
Ciao

By: Martin

Martin — Fri, 12 Mar 2010 07:16:21 +0000

Hi Nick.
Thanks for the posts and all the material.
I have a question, if you don’t mind, about the server time at the brokerage.
I use MBT and I’m quite impressed with the execution and most things in general. It’s just that they seem to be tuned in to the timezone of the Island from LOST. My candles hardly ever look like yours. I can still trade them and get pretty good results. But in your opinion, does this put me out of sync with the trading fraternity? A lot of people out there react to the same 4HR price action, usually synchronized on GMT +0, and then there’s me, the Lone Trader, hooking it on my ace. I’m assuming that the majority of traders are with the market makers, and a smaller group with the likes of MBT. So far there doesn’t seem to be a problem, I get good trades. But do you have any thoughts on this?

Thanks…