great reading this thread. I learned a lot. Still trying at the moment, I think risk is my biggest issue. I make some really good gains, but always give it back.
DislikedForex trading is not a scam. It's a system that the majority of retail traders do not understand. For a short history lesson... In the early 1990's, forex trading was limited to large financial institutions, corporations, hedge funds, and individuals with a substantial net worth. "Why could only rich people trade?" you ask? Great question! Although quotes were as quick as a phone call, and the internet was beginning to connect the public, trading back in the day required un-leveraged capital of at least $1M ($1,000,000). So if you had at least $1,000,000...Ignored
DislikedI also had a similar question. I mean if the spot forex market is decentralized, where do the chart figures come from? I mean, if there is absolutely no way of telling how much forex is transacted daily, WHERE do the values of the real time price action come from? like this may not make sense to others but i have no other way of articulating what i mean.. With regards to equities, the marks are regulated and centralized through various exchanges, like the NYSE, NASDAQ etc... So there is an actual way of determining exactly how much shares are transacted...Ignored