Not so sure Villas....tho I may've come off soundin as such....that much I'll agree with.
Here's how I feel about it....
A) Hedging....thus not allowing folks to scale oudda positions. Sure would be nice to have the option to scale oudda trades slowly...such is the case w/Oanda....after all, w/micro lots who on earth can afford ta hedge? It's a pointless proposition & actually if folks decide to hedge (straddle) on a micro acct....they'll get wiped out even faster...payin double the spreads.
B) 400-1....need I say more?
C) Spreads changing every millisecond...makes it e z to rip folks off....they see a 1.5 & then think, hey, that's not such a bad deal...only to get into the trade to find the spread jumped to 2.7 the moment they entered...I'd rather play 3rd card Monty in Times Square.
D) I feel I did give the system a very fair chance...even demo'd with it for the better part of 72 hrs....which is yet something else that smells to the high heavens....I did quite well on the demo & I've been using the EXACT same strat w/the live $$$ yet my results have been dramatically different...& I do think much of this can attributed to the fact that on the demo side they've been given me the best spreads...then I go over to the live side to find that I'm payin approx double to enter these trades....& as far as micro lots go, that's pretty much a killer right oudda the gate. It's simply not a fair representation of their execuation...the diff between the demo spreads & live...very shady. Dont ya think it's strange that limit orders are not filled on the live side as they are on the demo side? Try it out & tell me what your experience is...would love to hear someone else try the same thing & see what happens as I did.
I just think they are forcing folks to fail is all. At least those who wanna 1st test the waters w/less than a coupla hundred....thus perhaps this mrkt is one for which they truly don't wish to cater to. Ya gotta admit, who on earth in their right mind would advise anyone to trade under such micro lot parameters? Def goes against all common sense & against everything I've leanred over the past 2+ yrs. I'd fare better in Vegas at a roulette wheel that had 4 zero's on it...lol
Bottom line...the #'s don't lie....they've stacked the odds against ya so much that it's next to impossible to become a consistent winner...as far as their micro side goes. Tho like ya say....if ya got at least $300 then ya might do OK if u have a clue as to what u r doin. Still tho at 400-1 it aint for me....I'd never consider trading w/that high a leverage & quite frankly, I don't know of anyone here who does as well....or has been a consistent winner over the long haul.
To each his own indeed....by all means run'em for all ya can...happy ta hear you & your friend have been gettin good results...keep it up..it just aint for me....not even close.
Cheers!!
