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“Why I could not recommend a friend?”

written by theoldwolf on 12/06/2014

I have been trading for a number of months(more then a year)and I am loosing a substantial amount of money. I acknowledge my own responsibility for my losses. I did some foolish trades.

However, I was a beginner (maybe still am) and in retrospect I don't think that the level of support offered to beginners through the Web platform or via the IG training program is anywhere adequate.

I don't see the risk warnings you are putting up on your publications going further then serving IG own needs for a disclaimer.

Moreover, your various seminars do not explicitly train people in an adequate approach to risk management and I am not aware that IG makes any effort to propose real trading scenarios which can clarify the type of risks which a trader needs to consider when placing trades.

I have made some attempts to ask for a more "hands on" approach with some of your training programs but it appears that in general it is a difficult proposition to take on by those that I have asked.

I suspect that those with a long time of expertise in trading the markets might fail to understand the issue and properly address the vulnerability of those that are beginning trading.

Otherwise, the platform works really well, there are lots of information and advice, but I could not recommend a friend to get into trading unless I knew that they were offered a level of training that would adequately prepare them in understanding the underlying risks and IG does not offer such a training.