Article from Barrons on FX Trading

Here’s an article from Barron’s on currency trading.

http://online.barrons.com/article/SB50001424052970204735204576246772527987918.html?mod=BOL_hpp_mag

It makes for some sober reading.  In particular they look at the operations of Gain Capital and how they’ve been making money. I have experience of trading FX using Gain Capital through Tradestation.  It was not a pretty experience and gives me a good idea of how they’re able to make such good revenues! It’s no surprise to hear that Tradestation have stopped using Gain Capital. I wonder how many people like me they lost due to the poor performance of their FX trading product?

I look forward to your comments and thoughts about the business.

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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5 Comments on “Article from Barrons on FX Trading”

  1. Ant Auger Says:

    Interesting reading. it strikes me one of the ways retail customers can compete is to form a brokerage that does not spike retail customers or offer high leverage or take the other side of trades and any of the other so call complaints.

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    • FXTraderPaul Says:

      Hi Ant, thanks for your feedback. If you find a retail brokerage that does all of those things and still offer tight spreads and execution then you’ll be on to something.
      As it is most retail brokers are just white-label operations of existing major retail platforms.

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  2. JS Says:

    I am in the process of thorougly evaulauting LMAX, so far so good. I guess this is more of an exchange and not a traditional broker. They do offer smaller accounts for retail clients and now also provide the MT4 trading platform.

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    • FXTraderPaul Says:

      I think if I was an active intra-day trader then LMAX would be a good exchange to work through for FX Trading. Ill be interested to hear more about how they operate through MT4.

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      Reply

  3. JS Says:

    *thoroughly *evaluating

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    Reply

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