After constantly reading that 95% of all traders lose money trading forex including myself it dawn on me how much money the other side is making from our loses (Banks, Brokers, Hedge Funds......) How is it that they can consistently be winning.
I am sure we have all heard of the markets being manipulated by the volume of money being dump into a particular currency. Where do all the Banks, Brokers and Hedge Funds get all this money to through around, they don’t print it its money from people like you and me placing our money into checking accounts which allows the banks to loan money, invest and trade so it all comes down to us making these giants be able to through so much weight around. Let’s say a broker like ibfx needs to have 10mill in cash of its own money to operate, now that’s money they are using to take the other side of our trades. What happens if we as traders were to overpower them they would not be able to clear our trades in house or take the other side of the trade so that would give us the advantage of winning.
Here is what I am suggesting we start an up rising of traders all across the globe (95% that are losing money) to unite and trade as one with one goal in mind to try and move the market and make a profit. How can we accomplish this you ask:
Try to get as many traders willing to participate from across the different forums 1mill if possible the more the better.
Decide on a single currency pair which will be trade by all.
Find the best person here at FF trading support and resistance to help us pick the highest probable turning points in the markets.
Then post the price we will all sell or buy at (not over leveraging only trade what you are willing to lose on this experiment) using limit orders.
Take profit or Stop loss will not be posted here that’s for us as individuals to decide for ourselves.
The key here is to get a substantial amount of trades to all trade at the same price in the same direction with large volume to see if we can move the market.
If we try and we lose then we can say we gave it our best shot and we part and go our separate ways.
However if it works I suggest removing all your money except a sizable amount for trading from your broker and place into a SAVING ACCOUNT AT YOUR BANK, why I was told by a district manager for chase bank that the way the banks get there money for lending is from checking accounts and not saving accounts. Then continue trading in this format and every time we win we remove the bulk of the money and either spend, pay bills or place in savings.
I hope this is something that we can come together and do to finally beat the house at there own game.
I am sure we have all heard of the markets being manipulated by the volume of money being dump into a particular currency. Where do all the Banks, Brokers and Hedge Funds get all this money to through around, they don’t print it its money from people like you and me placing our money into checking accounts which allows the banks to loan money, invest and trade so it all comes down to us making these giants be able to through so much weight around. Let’s say a broker like ibfx needs to have 10mill in cash of its own money to operate, now that’s money they are using to take the other side of our trades. What happens if we as traders were to overpower them they would not be able to clear our trades in house or take the other side of the trade so that would give us the advantage of winning.
Here is what I am suggesting we start an up rising of traders all across the globe (95% that are losing money) to unite and trade as one with one goal in mind to try and move the market and make a profit. How can we accomplish this you ask:
Try to get as many traders willing to participate from across the different forums 1mill if possible the more the better.
Decide on a single currency pair which will be trade by all.
Find the best person here at FF trading support and resistance to help us pick the highest probable turning points in the markets.
Then post the price we will all sell or buy at (not over leveraging only trade what you are willing to lose on this experiment) using limit orders.
Take profit or Stop loss will not be posted here that’s for us as individuals to decide for ourselves.
The key here is to get a substantial amount of trades to all trade at the same price in the same direction with large volume to see if we can move the market.
If we try and we lose then we can say we gave it our best shot and we part and go our separate ways.
However if it works I suggest removing all your money except a sizable amount for trading from your broker and place into a SAVING ACCOUNT AT YOUR BANK, why I was told by a district manager for chase bank that the way the banks get there money for lending is from checking accounts and not saving accounts. Then continue trading in this format and every time we win we remove the bulk of the money and either spend, pay bills or place in savings.
I hope this is something that we can come together and do to finally beat the house at there own game.
