Originally Posted by Linuxser

But, for me is the simple and classic "why most traders lose money?".
Because follow the crowd?

Originally Posted by Shinigami

Very few traders win money because they get ahead of the crowd.
Most traders lose money because they are accident trades - they came, they lost, they vanished.
Thats statistics. Its evil. Don't trust it. Don't trust a single moving average as well (but you can trust their cross of different MAs!)

About brokers - yep, there are brokers without the license. There are brokers with little capital. But instead of scaring people "these brokers will be bankrupt!" you should post which brokers use MT4 platform and allow minimum deposits smaller than $10'000 and seem to be successful.

Originally Posted by neolee

Heads up for anybody with accounts with these dealers.

The last few weeks has seen the NFA foreclosing on a lot of forex dealers who are undercapitalized. The following firms have been shut down as a result:

1) United Global Markets, LLC
Today the CEO just sent an email out to clients saying they were going out of business because they could not meet their capital requirements.

2) Trend Commodities Limited
On June 19 the NFA shuttered Trend Commodities due to fraud and for failing to meet their capital requirements.

3) Spot FX Clearing Corp
On June 14 the NFA shuttered SpotFX due to fraud and for failing to meet their capital requirements.

4) FX Option1 Inc.
On June 7 the NFA shuttered FX Option1 due to fraud and for failing to have adequate security deposits for customers.

5) Spencer Financial LLC
On May 17 the NFA shuttered Spencer Financial due to fraud and for failing to meet their capital requirements.

6) Alpha Forex
On May 14 the NFA shuttered Alpha due to fraud and for failing to meet their capital requirements.

Do you have money with the following? their current capital - IF SO GET OUT NOW
One World Capital $1,105,000
Open E Cry LLC $1,062,810
Velocity4X $1,587,000
Direct Forex LLC $1,523,000
Easy Forex US Ltd $5,011,644 - they are above the 5 mio threshold but only just and with a name like that - get out.
3D Forx LLC $ 2,525,372
E FX Optioons LLC $1,709,752
FiniFX $1,464,000
Forex Club $3,304,000
Forex International Investments Inc $1,464,620
Forward Forex $1,793,767
FXCM LLC $759,689
GFS Futures & Forex $3,074,000
Nations Investments $1,699,000
Royal Forex Trading $1,102,000
SNC Investments $1,565,000
Tradition Securities $781,869
I Trade FX -$3,039,000 Note these guys are already bankrupt --- negative capital.!!!!!
MB Futures $3,080,000
Money Garden Corp $3,399,844

Originally Posted by prasxz

I think Easy Forex and FXCM are legit company ..

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Forex Indicators Collection

Originally Posted by Linuxser

To think could take some time, but does not hurt and it´s free. And keeps you safe.