Ajarn Forum - Living and Teaching In Thailand - View Single Post - FXCM, a bit more serious
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Old 8th August 2007, 15:43   #17 (permalink)
Farangrakthai
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Re: FXCM, a bit more serious

alot of these companies, don't know about FXCM, they don't acually put your trades on teh market. They know that 80-90% of indivual traders lose and lose alot, so they just take the losses when traders win and all of the profit, when traders lose. Big traders in New York, Tokyo and London know what they're doing and make all the money on the real market, though even they lose sometimes too. Bigtime, hedge funds sometimes close, like now in N.Y. and investors have their money locked in, not allowing withrdrawls, while the traders already bought their beamer and summer home.
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