Forex rebates on every trade - win or lose!

How much do I owe?

Hiltops

This thread has some very useful historical comment, it would also be helpful if you would reinstate the diary, please :-)

ttt

NB Anyone else discovered www.mellyforex.com ?

Loads of automated trading expert adviser reviews on there with live demo account tests, and shows some excellent and some truly terrible EAs!

Hiltops - are you going to reinstate the header?

You know it makes sense :-)

Hooray Hilary! The FX hreader is back.

Long time since this thread was aired. Anyone not on Twitter might not have seen these articles:

What are the traits of successful forex traders?

FIRST

SECOND

Waiting for the third one with bated breath! ;-)

Fourth .I left the third for you Klal

fifth

Has anyone any experience trading forex options with easy forex??

Bob,

I've no experience of their options, but I am a registered introducer for Easy Forex. They're a market maker and I refuse to promote them on my websites, despite the fact I could probably make a good few bucks if I were to.

If you want my advice, I'd find yourself a good raw spread ECN broker who won't trade against you.

Hi hilary

Thanks for info. It is the Forex options that interest me.

I only want to trade for an hour a day at most. I am still looking for the "Easy option".

If I only trade straddle type strategies, it is the premium costs which may or may not make trading viable.

Back to the drawing board!

Regards

Bob

Bob,

If you really do want to trade Forex options, I would personally look at specialist options brokers (who quote FX as well as other markets) rather than going the route of a retail Forex broker who makes his own market and who has decided to offer options simply because he sees it as a further way of fleecing punters of their hard-earned.

OK hilary

I had already opened an account last week but not used it yet. I will close it.

Your advice much appreciated.

Bob

Why would anyone want to trade Forex?

Floss,

That's the very reason why punters should only ever trade with a broker where they can be 100% sure that the broker isn't taking the other side of their trade. STP/ECN is the only way to go imo.

Dodgy market maker brokers get away with it in MT4 by using a nasty, little known device called the Virtual Dealer Plugin. After GAIN were had over the coals by the NFA for using it a couple of years ago, I thought the practice had stopped (the damage to your business in terms of both fines and loss of reputation if you get caught should far outweigh the gains), but clearly that's not the case.

If you do a bit of Googling, you can probably find the odd Russian firm or two who make these plugins for brokers to shaft their punters. :o)

I'm well aware of this Hils, I think you've banged on about it a lot over the years and a few firms were caught.

I think the thrust of the article was more about why anyone would trade Forex instead of shares etc.. I mean, it's not as if we don't buy & hold Forex for the long term :-)