Every market, where people keep their retirement funds and such, are set up to take money from the little guys. Did the manager of your trust fund/retirement fund buy at the bottom, sell at the top, or is it just buy and hold, then sell in emergency, get 50% back etc. I know that Northern Trust doesn't do any of that, at least for small people. They just sit and watch stuff go down, not buy at the bottom, just ..... nothing. Except, of course, charge management fees.
In terms of retail FX being some kind of a scam, no. People are idiots, if they want to use it as gambling then that is their business, not some big guy who set it up for personal gain. But, being a market, it is still designed to get access to more money. If everyone were smart and disciplined it wouldn't do much good for the big guys, lucky for them people aren't.
In terms of retail FX being some kind of a scam, no. People are idiots, if they want to use it as gambling then that is their business, not some big guy who set it up for personal gain. But, being a market, it is still designed to get access to more money. If everyone were smart and disciplined it wouldn't do much good for the big guys, lucky for them people aren't.
The market is my nation. Traders, my family. Hello, brothers and sisters!