yeh...i follow elliot wave principle..trading is really quite simple if you can read an indicators and tell when its trending, then you can pretty much make money in the forex..Don't let anyone tell you otherwise..
Can market makers/brokers trade without spreads? 17 replies
Market Makers or Market Gamers? 0 replies
Do brokers/market makers pay/receive interests when they trade?? 0 replies
Market Makers and the unwind. 0 replies
Question about market makers... 6 replies
DislikedDo we really care, this sounds like a rookie question? Unless your going to have your funds managed by an institution why does that matter?Ignored
DislikedRead this, a great post by Billy Ray Valentine. Perhaps it will help answer your question (or perhaps not, either or its a good read).
http://www.forexfactory.com/showpost...&postcount=443Ignored
Disliked1+1=2 (You know this as a basic instinct) The market makers have data constantly streaming to their computers. This data includes order positions of retail traders from almost all brokers. For example: If %80 of retail traders are long on EUR/USD... you know how market makers play this. They short the EUR/USD. They have the big bucks so it is not hard for them to move the market. DON'T BELIEVE ANYTHING ELSE SAID ELSEWHERE. THIS IS WHAT IS GOING ON in at least FOREX MARKET.Ignored