Disliked{quote} Honestly, I don't know what point I should tackle first. But something needs to be said. First, about making a purse out of a sow's ear (i.e. opening forex trading to the public) In the 1990's new legislation opened the doors for online forex brokers. The retail forex bucket shop was born. Retail forex -in its current form- is not a real market. In retail forex, traders do not trade with the banks or in the REAL 5 trillion a day market, but rather the retail market is an "appendage" (for lack of a better word for online retail forex brokers)...Ignored
When you enter a trade with your retail broker, you must have some semblance of what is happening in the market, and set your expectations of broker performance accordingly. If you enter a trade in a fast market and it gets executed at a different price from your expectations, that is on you, not your broker, just like if you try to turn the corner at 80 MPH and end up parked in your neighbors front room, that is on you not the road or your neighbor. And you are not participating in a pseudo market or a shadow of a real market, you are participating in the full blown forex market. If you are unaware of what the market makers are up to or are likely to be up to, then you are going to end up parked, figurative speaking, in your neighbors front room, only in the forex, that means you will lose all your money. If you are trading a live forex account, and you carry with you the same notions that Mingary expressed, that you are actually trading in a pseudo market not connected to the live forex, or your trades are not impacted by what the bankers (who never looks at a chart lower that a 1H chart and trades in 100 lot increments) are trading, then you're earning the reputation of retail forex traders as being the dumb money.
If you follow people like Mingary, and you can read what he thinks and believes to make your own judgement, you are following someone who has an uninformed view of what is happening in the forex. He can run off list after list of excuses about his experience and excuses for his losses, but none of those lists will include the statement, "I had no idea what the hell I was doing". In fact, if you listen carefully, you will hear, "since I had no idea what I was doing, it is unfair for the retail forex market to exist".
Good luck to everyone, and good trading to those that are trying to make their way through all this to discover success. This thread has exhausted the subject matter and this discussion with Mingary has taken you off topic. I am out of here.
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