Forex rebates on every trade - win or lose!

Did anyone read this weekend's Money section of the FT? David Stevenson on P10 is having a real go at spreadbetting, but he raised an interesting point:

'A recent IMF report recently suggested that betting on the direction of a direction of a currency - a mugs game if ever there was one - was not a good idea and shouldn't be allowed'.

I think this is obviously meant in relation to spreadbetting, but the same argument he made about leveraged dealing with spreadbetting must apply to forex trading as well. Anyway, I think he's wrong :-)

I'll have a quid a point with you SC! :-)

ttt

skinny this thread like many others have just died.

Mega - sadly true!

The trick might be to republish Hil's tweets here. ;-)

One of the problems is new blood. The thread was very active when we were trying to get our heads around Fx and Hils was doing all the teaching. There's a treasure trove of information in here further back. Those that have cracked it are continuing to trade it, those who haven't have moved on to other fields. And not posting.

MM - I don't do tweets!

SC - you mean we are getting old(er) :-)

skinny: SC will tell you how. You should follow him @MrClearly and Hil @CeriseNoirGirl and even me @MightyMicro. You don't have to tweet, just follow and listen. Add in Limpy @DavidJones_IG and your life is complete.

I too think it is a shame this thread has died.

Forex is probably the hottest market amongst spread bet clients. I think the main reason for the appeal is clearly the volatility. Which appeals to new traders, which can be a deadly combination for a lot of them. Maybe the same happened here - which again is a shame.

I don't do tweets either, so I haven't a clue, and soz for not posting much these days.
Only got so many fingers - and still counting ;)

Actually that's an interesting observation, Limpy, FX being the hottest market 'n all that.
P'raps that's why it's gone off the boil a bit for me. It's always on the backburner, but lately commodities keep the gas lit.

Hi Choccie, good to see you posting. Even if we can't persuade you to tweet.

A chocolate tweetie ! :-)

Folks, show Hils your support - she's currently in #254 out of 5644 Forex traders, and moving up, in an Alpari trading competition. I'm in a measly #965.

Well done - both of you - even you measly :-)

SC,just spoke to Hils telling her well done,not bad for a beginner :-)

Hi all, not sure what I'm doing wrong! opened a CMC demo account 3 weeks ago and managed to blow up 10k, ! a week ago (Mon) put another 10k into my Demo account, now have 34,066 trading FT100, Dow and EUR/USD. I'll try not to give it all back like normal! : )

Now you have to do it for real! :-)

Trading a Demo account and a Real account are poles apart!!

Sounds like your positions are far too big! Sorry if this is grandmother sucking eggs territory, but that sort of increase is too fast ..... unless you're very very good - which I'm not.