I’ve been researching CME trying to find underlying fraud and haven found any yet. The question I have is WHY IS ANYONE TRADING FAKE FOREX when they can trade for real on CME.
Serious- you have NOTHING to gain from trading on FOREX. They took all the thrill out of trading with their boring simulated market. I scrolled thru the pairs and seriously! No action- no thrill ride. I remember back 5 years ago what the charts looked like- ACTION! Now its lame. They did it to prevent people from profiting. No big regular movement means less risk of you snagging a profit.
I’m supposed to be a trading prodigy but I’d be hard pressed to prove it these days. I used to be able to turn a 50k test account into 2 million in 2 days. I did that 8 times in a row starting the very first time I tried trading at all. Even 2 years ago I could double a 50k account overnight with very little effort. Clearing 5k in an hour was normal. Now? forget it! I’m lucky to clear 5k in a day. Why? the market doesn’t have enough swing to minute trade.
That’s what I do- I’m a minute (even seconds) trader. Hyper scalper. For scalpers- its game over. They aren’t swinging the chart enough pips to see more than a $150 profit on a 500 lot order. Before- a normal swing on a order that size would easy top 2k. THATS how much the charts have changed. Used to be fun to trade- even fun to loose- then gain it all back! Now- there’s no chance- no hope for a big take. I fall asleep trying to trade on FXCM!
While CME has no test accounts for me to play on- For those of you who do have the money to fund a real account- don’t even hesitate to get out of FOREX and trade thru CME.