I’ve received a few unfortunate e-mails this weekend regarding both dodgy brokers and dodgy trading schemes.
With regard to the first; when you are trialling a broker how about you do the following? Open a small account, trade a bit, withdraw some money and make sure that you receive all you asked for in a prompt and safe manner. If this happens, then the broker is most likely fully legitimate. There are some horror stories going around about accounts who are unable to withdraw their funds.
If you ever hear about anybody offering a guaranteed trading system then immediately ignore it, as there is no such thing. Robots and technical analysts offering supposed pathways to riches? I don’t think so; if they were any good they’d be making fortunes for themselves. Certainly there are trade-pickers who can improve on the chances of picking a good trade from 50:50 to say 65:35, but it’s always what you do with the good and bad trades which differentiate winners from losers.