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My only problem is with the FXCM's iPhone app

I retract my previous comment about FXCM being a SCAM, they are quite good brokers. My only problem is with the iPhone app.

Whenever there is news or higt network traffic, it is impossible to connect with the mobile app. This does not happen in the trading station, and from now, I will use the mobile app only to check on my trades if I'm away from my workstation. These guys are not a SCAM, they are good brokers, and their software is amazing. A lot of the people who complain here either dont know what they are doing, dont know how to trade, or have poor risk management, end up losing their money.

My biggest problem, which I have since overcome was the psychology and money management. I'd find that I am in a losing trade, and the market would go against me. I'd start to get anxious, and after losing more than I should since I didn't have a stop loss, I'd double down, either place an even bigger order to recover my losses, and lose even more.

My other problem was I was over leveraging, and would often get a margin call.

First problem resolved by placing a stop loss on all trades, I can move it towards my open price but not away (that is one of my rules) and also for the psychology, I now if I lose 2 trades in a row, I stop trading for that day. These 2 rules have really helped.

ES, Forexrealm.com 2011-04-01