FT - Why would anyone trade forex?

Http://www.ft.com/cms/s/0/66e972dc-9...44feab7de.html
Why would anybody trade forex?
By Jonathan Eley

The odds are stacked against the retail investor
he Financial Conduct Authority has now fined FXCM #4m to get a clinic it euphemistically
termed #8220;asymmetric price slippage#8221;, and which most people would describe as ripping off
clients.
The UK portion of the company, whose parent is currently recorded in america, accepted foreign-exchange trades
from retail customers and placed them together with other FXCM Group units. #8220;FXCM group retained profits from
favourable market movements between the time that the orders were placed and executed, while some
losses were passed on to customers in total,#8221; the FCA discovered.
In addition, the UK part of the firm failed to tell the ruler that it had been investigated in the united states for comparable.
Etc
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I have to agree. I'm giving up on fx completely. You find a honest broker. The markets are manipulated and bankers are becoming caught left and right in each and every bank and establishment.

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Originally Posted by ;

I loe the pessimistic facts you've presented to be true, but I disagree with all the pessimistic conclusion. Look closer. Two reasons to produce a profit right there: quote quote

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So you mean you are not a retail trader and that you're controlling the markets?! =-RRB-

It's very simple, just compare stock markets traders versus forex traders along with their wins.
Banks are becoming caught cheating on the retail traders. What more is there to say.
Just google any top 10 size forex broker the word fine. You will see they all have been fined.

Only way to make money is to begin a forex school online I suppose.

Certainly this amazing price slippage is not news for you, if slippage of.1 to 5 pips is breaking your entire trading version, maybe you want a better trading approach?

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Originally Posted by ;

http://www.ft.com/cms/s/0/66e972dc-9...44feab7de.html Why would anyone trade FX? By Jonathan Eley The odds are stacked against the retail investor he Financial Conduct Authority has now fined FXCM #4m to get a clinic it euphemistically termed”asymmetric price slippage”, and which most people would describe as ripping off clients. The UK part of the company, whose parent is recorded in the united states, approved foreign-exchange transactions from retail customers and put them with other FXCM Group units. ”FXCM group kept profits from...

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you'd be hard pressed to get any organized system in society that isn't stacked against the individual, in favor or the perpetuation of those within the system and the system itself.

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Originally Posted by ;

quote So you mean you are not a retail trader and that you're manipulating the markets?! =-RRB-

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Haha, don't be silly No, I'm retail . Just saying, don't do anything before you find that the bastards's hand.

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Originally Posted by ;

quote You would be hard pressed to find some organized system in society which is not stacked against the person, in the perpetuation of the inside the system and the system itself.

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Originally Posted by ;

Surely this asymmetric price slippage isn't news to you, if slippage of.1 to even 5 pips is breaking your whole trading version, perhaps you want a better trading approach?

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Add disperse and for a Lot of People that is half of the typical transactions span

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Originally Posted by ;

I must agree. I'm giving up on fx completely. You cant find a fair broker.

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the surviving brokers, in controlled nations, are probably a lot more responsible today than a decade ago.... I use several in the states and have yet to have one complaint.... ibfx and fxcm/etradefx ....

Foreign Exchange isn't appropriate for everyone and odds may be stacked against us.... But maybe these are the main reasons why some of us exchange Foreign Exchange....

In any event, I dang sure wouldn't let $ 3.70 influence my view...h

//-- from the article....

Affected clients will be completely compensated -- the figures demanded added up to approximately #6m, also FXCM said the typical Effect on individual traders was $3.70 --

Find a border and take it every moment. . .odds against only matter if you are taking the worst of it on every chance.

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Originally Posted by ;

quote ibfx and fxcm/etradefx .... FX is not for everyone and odds may be stacked against us.... But maybe those are the main reasons why some of us trade forex.... In any event, I dang sure wouldn't let $ 3.70 sway my view FXCM said the average effect on individual traders was $3.70

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I use FXCM and have zero problems with them

The market movers should trick as many individuals as possible at every turning point, to meet with their massive orders. Remember for every sell order there must be a buy order!

They abandon signals and markers that can show you their intentions ahead of time. Take news for instance, at which has price been before the news struck?

Consider the chart for decision factors, where price was considered to cheap or to expensive.

It is easy to blame something/someone else when we do not understand the motives behind it....whatever it is!

The market is not arbitrary and price shows you where it needs to go next.

Warren