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Old 04-17-2007, 05:33 PM
toptick07 toptick07 is offline
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Join Date: Mar 2007
Posts: 215
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You are right to be skeptical. Forex, like many other "opportunities", is full of charlatans and snake oil salesmen. I think the others that have replied are fairly accurate in their assessment of the common complaints you see on "broker review forums." It's also helpful to know who supports the forum and if the comments are censored to favor certain dealers or services.

Here are a couple interesting pieces posted by two different dealers. They are obviously biased toward their own business models, but there is some useful information on choosing a dealer.

FX Solutions Company Profile

and here:

Questions for Forex Brokers about Spreads

IMHO, for forex trading: Do not deposit more than you can easily afford lose. Deposit only risk capital. That means money that could disappear from your wallet and you wouldn't miss it. Regularly withdraw profits and place them in a safe account outside your dealer account. If you do trade forex, it should represent only a small percentage of your overall investment and trading portfolio. Best of luck with your trading
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