I believe - with good authority and personal experience, as well as investigation in this problem - that traders fail because of BUCKET SHOP brokers, who conspire, lie, deceive, sabotage, stop hunt and bet against their victims (“clients”). STINKForex (ThinkForex) did exactly this to me on the very first night I traded manually. They also - which was a new wrinkle in the sabotage that even experienced traders/teachers have not mentioned - [I]changed my leverage/margin in mid-trading because they couldn’t adequately stop me by their usual methods of sabotage, inclusive of spiking the chart and hindering/causing massive slippages[/I]. They still claim, over and over, that they never do such things…just like Burger King telling us all that they NEVER use horsemeat in their burgers!!
LYING, STEALING, DESTROYERS, the lot.
I checked out LucrorFX.com and then a wise trader read their Terms and found, contrary to their statements on chat, that they WILL take opposing sides of your trade when they feel like it, on their own account or for others!! (The Anthony Hunt chat man for Lucror then said - apparently to try and cover up - that that was only for ‘MAM/PAMM’ accounts. But when I looked at the Terms again, there was no restriction on their taking of opposite trades…it was open ended. I think if a matter ever went to court, the legal Terms would take precedence over chat transcripts.)
How about Yadix.com I am checking them out, and they claim to be pure STP, anonymous trading, no restrictions, etc. Wise traders chime in please. I am just looking for an honest broker in Forex, but I keep being told that they are all crooks!! (Goldman Sachs just got caught telling their victims to sell a certain stock: then they bought it all up!! My Dad had just given me such an example last night, but didn’t know Sachs had just done this! Almost prophetic.)