Forex Trading Philosophy 362 replies
Words of Philosophy & Psychology--- 133 replies
A Trader's Philosophy: Finding Success in Losing Trades 43 replies
Simple Trading Philosophy - Daily Trend Following 5 replies
Positioning yourself for Success (Advanced Trading Philosophy) 28 replies
DislikedHi, you are Welcome! I'm Alessandro, Italian (so sorry, sometimes I could make some grammar mistakes), 23 years old. I studied IT and since 2010 I have studied markets and I'm self-taught about them. I'm here because I have a great skill, I always need to make me questions, I want to see all clear. I started 3 years ago with forex, indicators, systems, and more. Yeah I made some profits with but in the end i was never satisfiedIgnored
DislikedI like your thread, nice to see everything well documented, I manage broker's back office and this is actually what we do and all other brokers do the same. some brokers (lets say top 10) with large client base have enough capital to move market in one direction. ECN or STP all have just one motive to earn from trader's loss. pls carry on with philosophy.Ignored
Disliked{quote} don't want to name them here, but you can easily search top 10 brokers in terms of client base and trust me they are big all together as good as any big bank or institution. I believe they work in a consortium and in a block exactly knowing what retail traders are doing and doing opposite of them with probably 10 or 100 times bigger position size and imagine all broker doing same so they outrun retail traders. why you see market moves up when bad data release or vice versa, why u find urself In a situation when u take a trade lets say sell...Ignored
Disliked{quote} How I follow institutions. Did you mean it by COT DATA or something else?Ignored
DislikedI like your thread, nice to see everything well documented, I manage broker's back office and this is actually what we do and all other brokers do the same. some brokers (lets say top 10) with large client base have enough capital to move market in one direction. ECN or STP all have just one motive to earn from trader's loss. pls carry on with philosophy.Ignored
DislikedI like your thread, nice to see everything well documented, I manage broker's back office and this is actually what we do and all other brokers do the same. some brokers (lets say top 10) with large client base have enough capital to move market in one direction. ECN or STP all have just one motive to earn from trader's loss. pls carry on with philosophy.Ignored
Disliked{quote} i don't believe anything you say. you are lying to yourself and anybody who reads this.Ignored
Disliked{quote} I think you are very naïve, my friend. The Market Makers (big banks) are required to take positions against retail traders in order to give the market the liquidity (instant order fill) that makes the market work. Do you think the professional traders working for the big banks like taking positions against retail traders? You bet they do, because that is how they make their money. The professional traders at the big banks trade against the retail trader - it is just as simple as that. These guys are paid on the profit that they make for...Ignored
Disliked{quote} I think you are very naïve, my friend. The Market Makers (big banks) are required to take positions against retail traders in order to give the market the liquidity (instant order fill) that makes the market work. Do you think the professional traders working for the big banks like taking positions against retail traders? You bet they do, because that is how they make their money. The professional traders at the big banks trade against the retail trader - it is just as simple as that. These guys are paid on the profit that they make for...Ignored
Disliked{quote} Suck in the retail traders with an apparent move in one direction and then reverse taking out the retail traders stops.Ignored
Disliked{quote} ... "if", but "how" does the market get manipulated. It will be a lesson to learn.Ignored
Disliked{quote} I think you are very naïve, my friend. The Market Makers (big banks) are required to take positions against retail traders in order to give the market the liquidity (instant order fill) that makes the market work. Do you think the professional traders working for the big banks like taking positions against retail traders? You bet they do, because that is how they make their money. The professional traders at the big banks trade against the retail trader - it is just as simple as that. These guys are paid on the profit that they make for...Ignored
Disliked{quote} Suck in the retail traders with an apparent move in one direction and then reverse taking out the retail traders stops.Ignored
Disliked{quote} 1 million participants in the market with 1 milion trading ideas(different entry price, different stop loss, different take profit) and 5 trilion a day as a volume. that has to be the most simple thing in the world to control and anticipate. if you came up with all the orders that were placed in the market during a year and discover that 10 banks that control 30% of the volume made a cartel that would be a different issue. but it's not.Ignored