2007 Sep 07 - Fri
Trading Site of the Day -- Non Dealing Desk: Forum for Forex
For those who want to get inside the wild-west business of forex,
Non Dealing Desk Forum appears to be
a good one with which to start.
It has quite a number of forum sections, but then ones at the top of the list have to do
with 'Non-Dealing Desk Brokers', 'Dealing Desk Brokers', and 'Broker Selection Criteria'.
Other forums feature real life examples of what can happen to a trader when submitting
trades and stop orders.
Forum participants discuss the pros and cons of various brokers and of what to watch out
for.
So even though one sees many advertisments in print and the web for $500 sign up
accounts, they really are a guise for taking your money the easy way if you aren't prepared
for trading desks trading against you and taking out stops on a regular basis.
So really, in the world of forex, it is caveat emptor. Choose your broker wisely, and
above all, really hnow what you are doing (which ironically, may not be possible for the
neophyte trying to get started).
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