Hello guys,
I trade with gaincapital for some time and I have to say that I run in circles. I make $2-$3,000/month than I lose it, and the story goes. However I feel that I am the only one to blame when losing money. How any broker can move the market in order to rip me off. If the market starts moving against me, I immediately check other websites with live charts so it is most unlikely that I will see in my trade platform i.e. USD/CAD 1.1525/30 and on some other platform USD/CAD 1.1545/50 (if I am short for instance) at the same time. I believe that if I get lucky and catch this once (discrapency between my broker and some other brokers) a multi million $$$ law suit is much bigger threat that few bucks that we manage to earn. Imagine millions of traders suing their brokers for scam+ all the stress and so on. I stronbgly believe that whoever sees forex market as Vegas should go to Vegas or play poker online because I learned one thing:
You must trade with big leverage in order to stay on your feet. Opening account with $2,3 thousand will just make you lose your money. In my opinion minimum to open an account and trade conservativly (1-2 lots) is $12-$15,000.
Alex011
I trade with gaincapital for some time and I have to say that I run in circles. I make $2-$3,000/month than I lose it, and the story goes. However I feel that I am the only one to blame when losing money. How any broker can move the market in order to rip me off. If the market starts moving against me, I immediately check other websites with live charts so it is most unlikely that I will see in my trade platform i.e. USD/CAD 1.1525/30 and on some other platform USD/CAD 1.1545/50 (if I am short for instance) at the same time. I believe that if I get lucky and catch this once (discrapency between my broker and some other brokers) a multi million $$$ law suit is much bigger threat that few bucks that we manage to earn. Imagine millions of traders suing their brokers for scam+ all the stress and so on. I stronbgly believe that whoever sees forex market as Vegas should go to Vegas or play poker online because I learned one thing:
You must trade with big leverage in order to stay on your feet. Opening account with $2,3 thousand will just make you lose your money. In my opinion minimum to open an account and trade conservativly (1-2 lots) is $12-$15,000.
Alex011