Someone who is privy to an MT4 Forex broker gave me some insider info on the workings of this particular brokerage.
The broker's top dealer said that about +90% of their clients end up with lesser money mid term. This implies that +90% of the clients are losers!
He added that they let their clients "trade freely" within the server. This implies that whatever these clients do, no positions are ever placed/offloaded onto the interbanks; traders are trading against the broker!
He further added that those clients who make money are placed on manual execution. When placed on manual execution, the clients' positions are actually placed into the interbanks or to another broker.
Now you know that 90%+ lose their money, it would be nice to know what these traders are doing at any given time and perhaps we simply GO AGAINST what they do! Heck its already proven they lose money, so if we do the reverse of what they do, we should be making money instead.
FXCM is currently doing just that! They call this SSI - a Contrarian study of their cumulative client's positions. Attached is their Indicator as of Dec 18. last Friday, they published that GBPUSD SSI indicator just flipped over from traders short GU to traders long on GU; true enough, GU started dropping since friday.
For the novices, perhaps you may want to think twice of what position you want to take or do the opposite of it!
PS. The picture presented is not my prediction. It is the SSI indicator from FXCM as of DEC 18.
The broker's top dealer said that about +90% of their clients end up with lesser money mid term. This implies that +90% of the clients are losers!
He added that they let their clients "trade freely" within the server. This implies that whatever these clients do, no positions are ever placed/offloaded onto the interbanks; traders are trading against the broker!
He further added that those clients who make money are placed on manual execution. When placed on manual execution, the clients' positions are actually placed into the interbanks or to another broker.
Now you know that 90%+ lose their money, it would be nice to know what these traders are doing at any given time and perhaps we simply GO AGAINST what they do! Heck its already proven they lose money, so if we do the reverse of what they do, we should be making money instead.
FXCM is currently doing just that! They call this SSI - a Contrarian study of their cumulative client's positions. Attached is their Indicator as of Dec 18. last Friday, they published that GBPUSD SSI indicator just flipped over from traders short GU to traders long on GU; true enough, GU started dropping since friday.
For the novices, perhaps you may want to think twice of what position you want to take or do the opposite of it!
PS. The picture presented is not my prediction. It is the SSI indicator from FXCM as of DEC 18.
Attached Image