Stay out of the FOREX market

You gotta question the motives of a broker that advises that ? when really '..with volatility comes opportunity..' [well at least for those with secret boxes smuggled out of nazi germany and similar such gizmo's.]

G/L
 
pboyles said:
Maybe they've nicked all the client money and are going to end up like MF Global.
Click to expand...

If I owned Oanda thats the very last thing I'd be doing ! Those guys have a golden goose, the last thing they want to do is slaughter it !
 
Maybe it's a bit of reverse psychology. How many people do what they're told?
 
Well, as a forex trader I have no intentions of staying out of the market. I agree with what bbmac said, "with volatility comes opportunity".

Yeah, I get whipsawed here and there and bang my head against the wall a few times but IMO it's more difficult to make money in a non-moving market.

Peter
 
Does not compute....sounds very odd indeed. A broker that does not want thier clients to trade ?
 
A sales gimmick, so they can come across as the caring broker, when in reality they're betting against you
 
wackypete2 said:
Well, as a forex trader I have no intentions of staying out of the market. I agree with what bbmac said, "with volatility comes opportunity".

Yeah, I get whipsawed here and there and bang my head against the wall a few times but IMO it's more difficult to make money in a non-moving market.

Peter
Click to expand...

Yeah......what he said :rolleyes: :LOL: :cool: (y)
 
kbit said:
Does not compute....sounds very odd indeed. A broker that does not want thier clients to trade ?
Click to expand...

I applaud Oanda on this, sure volatility creates opportunity, but largely speaking volatility will destroy traders without a fair amount of experience. So while Oanda may take a hit in terms of transaction volume for a week or two - they are trying to prevent their clients from blowing themselves up.
 
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