Monday, January 19, 2009

Dale, Johannesburg, South Africa

I'm afraid that I have to give credit where credit is due and GCI Trading deserves credit now.

I have been trading with them (and other brokers) for just over a year now (and I have lost a fortune) but only now do I realise that my losses were due to my own lack of knowledge and inexperience and NOT because the broker 'slipped' an order a couple of pips or an order took a minute to be executed instead of instant execution (which GCI does have on many instruments by the way).

My point is this: what is a pip or two 'slippage' in the 'bigger picture' of things i.e. if you're trading the daily timeframes and not trying to 'scalp' then so what if you lose a pip or two (it's never much more than that). If an order takes a minute or two to be executed (and this only happens on the 'less popular' or 'obscure' or 'exotic' instruments) then so what. If you lose a pip or two on EUR/USD for example and it's a major problem for you then you should probably not be trading in the first place.

GCI has just released a new version of their software which I think is absolutely fantastic. Their platform is (and always has been) by far the 'no-nonsense approach' to trading and their platform is extremely quick and laid out in the most 'logical' of fashion.

True - their support is not great - and yes - they don't respond to emails most of the time - but to be honest the only time I've needed to contact them is when I've just incurred a big loss and they've slipped my order a couple of pips and now I'm upset and needing someone to blame!!! I've never had a problem with the platform - ever.

No comments:

Post a Comment