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Amateurs, i.e. retail traders, almost always lose at Forex trading.
Currency markets, particularly the major pairs like EUR/USD are so heavily traded and so liquid that they are almost 100% efficient. This means you are flipping a coin each time you make a trade. Except, because of the spread, that coin is weighted against you.
One of the ways the "smart money" make profit is by exploiting amateur traders. Brokers will align their trades to high volume institutional transactions. Then there is the quantitative approach, which depends on serious computing power and armies of Phd physicists and the like. Then there is High Frequency Trading systems that depend on obscenely fast, and obscenely expensive, network infrastructure.
As an amateur, you are the guy getting fucked over by all these guys.
Good luck you will need it.
Currency markets, particularly the major pairs like EUR/USD are so heavily traded and so liquid that they are almost 100% efficient. This means you are flipping a coin each time you make a trade. Except, because of the spread, that coin is weighted against you.
One of the ways the "smart money" make profit is by exploiting amateur traders. Brokers will align their trades to high volume institutional transactions. Then there is the quantitative approach, which depends on serious computing power and armies of Phd physicists and the like. Then there is High Frequency Trading systems that depend on obscenely fast, and obscenely expensive, network infrastructure.
As an amateur, you are the guy getting fucked over by all these guys.
Good luck you will need it.