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