There is so much volume traded intra-daily on the Forex Market that no 1 person can move the market…even a pip. Banks controlling hundreds of millions might have a better chance…definitely not the average trader.
At any given moment a bank may decide to offload or purchase a substantial(hundreds of millions)amount of currency which could in effect move its market up or down 2-10 pips,this would take seconds to implement,bearing in mind that banks have professional highly trained traders who use state of the art powerful technology that costs millions of dollars to look at thousands of parameters to keep
them in a position to profit and keep there top line performers happy with there end of year BIG bonuses.
The Forex arena was originally the bastion of banks and those with sustantial capitol,more recently the doors have been opened to retail client with small accounts.Typically the newbie forex trader opens a $2000 account with the dreams of making there fortunes in this $1.3 trillion dollar a day market,sadly the facys are 95% fail and lose all.
One must remember that in forex the commodity is Money ,and in this arena you are up against the most ruthless professionals in the financial markets,for someone to profit ,someone has to lose!.You can liken this senario to formula one racing...the banking pro being the professonal Ferrari ,s team and the small retail trader Ford Fiesta team...both racing on the same track.
Is it any wonder when we hear 95% fail to keep there accounts?.
Couple that with the fact that banks trade with hundreds of millions and only need to make 3-5 pips a trade using there banking clients money(yours and mine) to make vast ammounts of profit.When you see 5- 10 pips moves in the blink of an eye ,rest assured some banking fund manager has just made a bootfull of money and some small retail trader looking at his state of the art forex robot or secret trading method is dealing with unexpected drawdown.
In order to succeed in the forex arena you need to make sure that you are aligned with professional forex traders with the resources that will assist you to make $$$...consistently.Losses are part of trading,if you are trading forex you will have losses,even the greatest traders have regular losses but the key is to minimise the losses and let the winners run(manage the trade) and this is when human emotions especially greed take over.
People can and do make enormous profits daily with the forex market but many more lose there kitty for lack of real forex education ,bowled over with the get rich quick software etc.
If you wish to make daily profits from the forex market without having a PHD in forex there are many options, but a tried ,effective,simple and most importantly highly profitable method can be obtained.
FREE FOREX REPORT
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