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Hi
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> From: Tom Stein <comfut@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Help!!!
> Date: Thursday, January 08, 1998 12:26 AM
> 4)This forex stuff is starting to remind me of gambling on the internet.
> How can you be sure you're going to get paid and who is regulating
> the "fairness" of the process????
>
> 5)I am having a real hard time being convinced that a small trader(under
> $50,000) is better off in forex than the Merc. There is plenty of money
to
> be made and lost trading currencies on the Merc AND I know who I'm
dealing
> with AND what the rules are.
Writing to take issue here. The problem here is the same problem
all small traders have - how to find a reputable broker - irrespective
of whether it is FX or futures.
You get made in FX for the same reason you get paid in futures -
because you have a contract. The "fairness" of the process is
"regulated" by the fact that unless contacts are honoured the
organisation in question will find itself ostracised and sued.
Does FX have problems of slippage, front running etc sure -
and so does the futures industry. In the years I have been trading
FX I have never had the rules changed on me - unlike the Hunt
brothers.
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
e-mail: ramon@xxxxxxxxx
tel: 61 2 92673470
fax: 61 2 92673478
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