Wall Street Journal article contains errors and clear bias in bad-mouthing FXCM.
Isn' t the Wall Street Journal, of all publications, supposed to be above this kind of journalism? The WSJ carried an article today in its popular "Heard-on-the-Street" column, entitled "The Customer Is Too Often Wrong at FXCM".
As other respected FX bloggers tweeted today,
"This strikes me as something of a hatchet job on FXCM. Their numbers aren't any worse than anyone else" (John Forman, @RhodyTrader), and
"the reporter has no idea what he's writing about unfortunately" (Michael Greenberg,@forexmagnates).