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.
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.
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…
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.
Hi @peterma… These methods allow you to see when price is artificially being held up (or down) while the LP " Movers & Shakers" are busy accumulating positions in the opposite direction, then when they mark the price correctly and profit as it plunges or spikes into their “killing zone”
Perfect example last night (UTC +10) on the GBPUSD (as well as EURUSD)… Artificially held up around 1.3180ish for ~60 mins, then a major reversal down as far as 1.30840, 25 pips in 15 mins. Because you can see the “background” had already gone in the opposite direction…it’s a lot safer to go big once the move is on… let the market go on a liquidity hunt and spike down…
Hey, never be hopeless if you are still losing. Do some research about the mistakes in your previous trading. You should have to avoid those mistakes in the future if you want to become a successful trader like others. You should also have to control your emotions while trading. Thanks
My heart sinks when I read threads like this, all this does in confound new traders even more, a new trader just doesn’t understand the way the markets work, and this will just add to their problems and complicate trading even more.
To all new traders the markets are not against you, take time to understand the figures involved, the amount of money traded each day.
To help you with this, I’ll give you an example; if you had 1 million dollars in 1000 dollar bills stacked up high on top of each other, how high do you think it would stand? . . . . 20ft, 30ft, no 4 inches, it would be 4 inches tall. Sit there and think about that for a minute.
Now if you had a stack of 1 trillion dollars how high do you think that would be? Nearly 60 miles high.
Think about how much money is traded each day on the forex?
Do you really think they give a damn about the retail trader?
This should give you an idea of how much money is needed to move the markets.
@Trendswithbenefits not sure what your getting at, brokers are a necessary evil, not found a way around that, but at the same time to say markets are being manipulated to hit the retailers is very naive.
If you are unhappy about it, stop trading. I agree with @TradeViper, I would suspect you’ve lost a lot of money and are looking for something to blame.
I’m not here to discourage… only to give New Traders a balanced glimpse of the big picture…
Research… I have responded to Hundreds of posts from new traders here, from where to find hard to get Indicators to whole trading strategies laid out and traded live… hence the Wow…
To all beginners or newcomers, let me recommend I would like to give some tips:
Always have control of your funds and trade with a broker regulated
it also means don’t use systems the authority to trade for you
try to catch in the beginning several pips on each trade, it will start accumulating
even a simple RSI and MACD is good enough to make profits
looking for market signals from your broker just better shoot yourself, and if you go around looking for market signals check if you and your investment are on top of the priority
gorillasbiz
