I have looed at spec.xe.com and gftforex.com, each has different tools and software applications. gftforex.com looks better, but I would like a second opinion before I sign up, cheers
2007-10-17 15:23:16 · 3 answers · asked by hewsondion 1 in Business & Finance ➔ Investing
GTF is the better of the two. All FX brokers are bad. Your job will be to find the one that will be the best for you. Be very careful..... there are no "good ones" in this unregulated industry.
95% of all new FX traders lose their accounts in the first 90 days (or less). Take a year to learn and practice. Don't be fooled by "paper" profits. Don't be influenced by how easy it looks. If it was so easy and profitable.... everyone would be doing it.
Consider yourself warned.
2007-10-17 16:25:42 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
I cannot give you personal experience with either platform, but I believe that gftforex is a white label partner of Currenex.
I would suggest you check out a couple of sites:
http://www.nondealingdesk.com/index.php is a great forum for traders. If you are not familiar with it, it will definitely help you better understand what you truly face as a Forex trader (spreads, stop hunting, dealing desk trades against you).
I was also suggest you look at http://www.efxgroup.com/ as an alternative to the companies you listed.
Happy Trading!
2007-10-20 06:39:47 · answer #2 · answered by southcaligirl1 3 · 0⤊ 0⤋
3RD opinion.
FOREX IS EXTREMELY RISKY FOR OF INVESTMENT
Most Forex investors (Experience Guys) lose most of their trades, They stay alive with the others.
But for the "Newbie" the spread and timeframe and commissions will kill you, not to mention the abuse of leverage.
STAY AWAY!!!
2007-10-17 15:55:08 · answer #3 · answered by bob shark 7 · 0⤊ 1⤋