Has anyone traded forex with Atwood and James?

Question

Hi. I'm from the UK. I received a mailshot from Atwood and James and spoke to one of their representatives. They sound convincing but are they genuine? Has anyone had any experience trading forex with Atwood and James? Please share your experiences. Can anyone recommend any other good forex traders? I am new to forex and would appreciate any advice you may have.

Answer 1

i've not much knowledge with Atwood and James but if you are looking for other options, you may check on this site.  they provide each of their traders, newbie or experienced, a personal Account Service Manager to talk live over phone, email or chat to discuss any or all aspects of forex trading and will answer all of your technical questions. other than that, the site offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support.  enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere.  allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours.  And If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. see it for yourself.

Answer 2

I think all these new inexperienced Forex traders are going to blow themselves up one day just like the inexperiences day traders did in 2000-2002 .com crash.

Risks

"Exchange Rate Risk – refers to the fluctuations in currency prices over a trading period.  Prices can fall rapidly resulting in substantial losses unless stop loss orders are used when trading FOREX.  Stop loss orders specify that the open position should be closed if currency prices pass a predetermined level.  Stop loss orders can be used in conjunction with limit orders to automate FOREX trading – limit orders specify an open position should be closed at a specified profit target.

Interest Rate Risk – can result from discrepancies between the interest rates in the two countries represented by the currency pair in a FOREX quote.  This discrepancy can result in variations from the expected profit or loss of a particular FOREX transaction.

Credit Risk – is the possibility that one party in a FOREX transaction may not honor their debt when the deal is closed.  This may happen when a bank or financial institution declares insolvency.  Credit risk is minimized by dealing on regulated exchanges which require members to be monitored for credit worthiness.

Country Risk – is associated with governments that may become involved in foreign exchange markets by limiting the flow of currency.  There is more country risk associated with 'exotic' currencies than with major currencies that allow the free trading of their currency."

http://www.forexmarketexplained.com/Risk...

You are trading against global banks, multi-national corporations and governments. You have to be able to predict their movements BEFORE they move.

Answer 3

I googled "Atwood & James" and these are the results that I got.

http://www.google.co.nz/search?q=atwood+...

Hope this helps.

Jim http://jsforexblogspot.com