Let me tell you what I know from my own trading.
1) The market is not manipulated.
2) Fully automated algorithms are less than 50% of the forex market.
3) Price moves because of supply and demand.
4) The first few hours of the london session usually tells me if a price expansion is brewing up, that part contains significant algo accumulation, and can be exploited if you know what to look for. It follows fibs as a big part of its order execution.
5) There will always be higher time frame players in the market that can derail the algos plan for the day if a significant news event shows up.
1) The market is not manipulated.
2) Fully automated algorithms are less than 50% of the forex market.
3) Price moves because of supply and demand.
4) The first few hours of the london session usually tells me if a price expansion is brewing up, that part contains significant algo accumulation, and can be exploited if you know what to look for. It follows fibs as a big part of its order execution.
5) There will always be higher time frame players in the market that can derail the algos plan for the day if a significant news event shows up.
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