QuoteDislikedWikipedia: There are many experienced well-capitalized professional traders (e.g. working for banks) who can devote their attentions full time to trading. An inexperienced retail trader will have a significant information disadvantage compared to these traders. Retail traders are - almost by definition - undercapitalized.
So, problem #1: Undercapitalized.
Solution: Don't be. Wait till you have enough capital , or,use a broker that lets you trade a small enough amountin proportion to your account. (Oanda)
problem #2: Lack of information
Solution: Forex Factory. We are a community of traders helping each other,and can thus compete fairly with a business who has a team of market analysts, etc. If used properly, our combined intellectual efforts will put us on equal footing with the banks.
problem #3: Lack of attention / time to focus on the market.
Solution: You need to put in your time to study the market, lookfor set ups, and make good trades. If you are short on time,trade on a larger time frame because you will then only need to check your charts once or twice a day.
Today, more than ever before, the retail trader is getting closeto equal footing with the pros... Don't believe the myth thatyou can't extract profits from this market.
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