Dealbook 360 - Any Good?

[brownsfan019]

I downloaded Dealbook 360 from GFT Forex b/c I liked what the charting package had.

My question is (as a FX newbie) - is this thing any good to trade through with real money?

I'll be honest here... I am skeptical of FX due to the different horror stories floating around out there but just curious.

I'm considering it more from a swing trading perspective since these things can trend like a mad man at times.

I'd love to hear any feedback on GFT/Dealbook.

Thanks!

[Szymon]

Hi Brownsfan019,

I once demoed GFT myself even went to the Sydney Head Office and discussed this with them. Yes it all looked great but like all OTC FX players they do not like to lose money. In other words they will make if very difficult for you to win with them.

I did a chart comparison with GFT during news time to see if they play with their signals, and yes they did, there was a delay for at least 2 seconds before releasing it in the correct direction.

Have a look at this site http://www.forexbastards.com for some more interesting reviews about OTC Forex brokers (GFT).

Now I will tell you about my experience with Oanda that just happend recently (2 weeks ago). I started dummy trading with Oandas software, I used a different free forex charting software for my charting as the one that comes wth Oanda is cr**.

Any way I was consistently making money, I made 8k in less than 2 weeks on 5 Lots per trade in and out of the market on dummy money.

I started to notice strange things happening with my broker software after I made my first 2k with them.

Sudden disconnection problems and constant.
Their built in charting software flatlining.
Major Delays getting filled (Manual Execution)
And other tricks that they use.

But once the trade is in their favour everything worked nicely until the profit started to increase on my side.

I even compared this with another computer that was logged in to the same Oandas system (different account), just to make sure there was no problems with my internet connection on my end could not find any.

I personally do not trust OTC Forex brokers.

At the end I decided to trade http://www.cmegroup.com/trading/fx/index.html these instruments and have not experienced any of the above problems.

Regards

Simon

[brownsfan019]

Simon - thank you much for that review. It just reinforced what I pretty much already knew.