FXCM Scam

Wondering if FXCM is a scam? As a trader using FXCM I have had no experience with FXCM that leads me to believe they are a scam broker. I have been trading live with FXCM and simultaneously demo trading with OANDA and I haven't noticed any discrepancies.

I have lost money and sometimes I've wanted to believe FXCM was stop hunting but all indications pointed to me entering into trades at inopportune times. This was happening because I wasn't really trading with a reliable strategy. I didn't even know how to read Japanese Candlestick charts

Once I finally came to understand that trading forex is not about guessing and hoping you guessed right I began to see different results.

My conclusion, most of the complaints you read about FXCM being a scam are probably coming from people who are losing at forex and prefer to think they are losing because of the broker than to consider that they might be losing because they are not really trading smartly.

This isn't to say there aren't scam brokers out there. There are scam brokers out there, but I don't personally believe FXCM is a scam broker.