I saw one of those informercial type shows about trading f/x from home, never been easier, yadda, yadda, blah, blah.
It seems to me that this could be a great way to get your head ripped off monetarily. I saw testimonials from people who have never traded anything before and now they think they're George Soros? I worked for years on a bank trading floor so I've seen it all but this could be like crack to some.
Wouldn't it be better to use the CME or CBOT to trade options and futures on whatever underlying that turns you on rather than downloading some broker or dealer's f/x platform and getting ripped by the spread? At least there is some regulatory protection for exchange traded instruments.
It seems to me that this could be a great way to get your head ripped off monetarily. I saw testimonials from people who have never traded anything before and now they think they're George Soros? I worked for years on a bank trading floor so I've seen it all but this could be like crack to some.
Wouldn't it be better to use the CME or CBOT to trade options and futures on whatever underlying that turns you on rather than downloading some broker or dealer's f/x platform and getting ripped by the spread? At least there is some regulatory protection for exchange traded instruments.
