pipsqueak4x
Recruit
- Messages
- 2
Yup! $5,000 for a two day class with all the religious righteousness of an upstanding organization and all the tools to watch moving averages and an oscillator for 5K to the uninitiated. That was in 2002. Now, after being sooo much more educated, I can see where an individual (or a few prickly minds) can reduce a complex subject to trading crossing lines for mega-bucks. And, they were an IB for FXCM, to round it all out. Yes, they have been shut down and gone BK and so many well intentioned newbies are out, not only their 5K training, but their initial account, trading a system that was flawed from the beginning, but unrecognized as fraud to most.
There have been so many stories like this in the wild-west Retail Forex Market of 2001 - 2007. Many new changes have been instituted and organizations like Felix's have helped tremendously during the learning curve period of many newbie suckers, like me, at one point. I'm much more mature now and use the exchanges instead - 100:1 or 200:1 leverage reeks of inappropriateness, preying on newbies looking for Vegas style returns. Please stay away from those retail brokers offering only this, as`they still are without lower leverage. Longer term trading with low leverage is the answer. Please stay off the 5 minute chart unless you are a Forex surgeon, of which there are so few, or you will be another casualty. Free enterprise, with no regulation and these will always be the stories, regardless of the culture.
Cheers,
rw
There have been so many stories like this in the wild-west Retail Forex Market of 2001 - 2007. Many new changes have been instituted and organizations like Felix's have helped tremendously during the learning curve period of many newbie suckers, like me, at one point. I'm much more mature now and use the exchanges instead - 100:1 or 200:1 leverage reeks of inappropriateness, preying on newbies looking for Vegas style returns. Please stay away from those retail brokers offering only this, as`they still are without lower leverage. Longer term trading with low leverage is the answer. Please stay off the 5 minute chart unless you are a Forex surgeon, of which there are so few, or you will be another casualty. Free enterprise, with no regulation and these will always be the stories, regardless of the culture.
Cheers,
rw