I’d totally agree that 60% of Forex Traders lose funds due to self induced issues, poor understanding, to much risk, etc… The other 30 - 35% lose due the constant market manipulation of price action as shown so very clearly in the last two videos I have posted…
Longer term trading strategies (and pyramiding in) is successful because it doesn’t get caught up in the manipulation tactics applied to the market as often… A Moderator liked your post … a little disconcerting…
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Below is another insight into the MT4 Broker Client Management Tools that can be used against retail traders.
Also demonstrates how to be aware and profit from MM’s accumulation stages, Trend changes and other nefarious Broker behaviour designed to take traders accounts apart.
Three gems of information that can be taken away by new traders from both of these videos.
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Most of what is being taught is rubbish… hence the phenomenal +90% of traders are losing money to the markets… You have to look deeper into the markets to get a real edge.
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Patterns that are repeated over and over and over again…accumulation, squeeze, profit run…
Learn the patterns, know the patterns, use the patterns…you can’t beat em… copy em… -
Price Action is King… Indicators lag… the parties nearly over once your Indicator shows a change in direction… study Price Action religiously… it will make you money…
A good thread to take a look at…Trade Ideas (Using Price-Action & Patterns)
I’m well aware that some of this content is over the heads of ~80% in the Babypips forums, yet these videos drag out into the daylight the undercurrents that steer Price Action and the Forex Markets.