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FX market, manipulated?


Guest steamedchicken

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Guest steamedchicken

Hey everyone!

I'm new to trading - a colleague of mine introduced me to FX and babypips and that's pretty much how I started. I've been winning and losing for the past 6 months, breaking even with small losses. Can I just check if there's anyone out here actually making a living day-trading out of FX? I've met a couple of traders who all shared the same sentiments that FX is a heavily manipulated market and that they would rather invest their time in options or futures. 

 

Thanks and have a good one :)

 

Cheers!

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  • 3 weeks later...

Hey there, I also believe that institutional traders have an edge over retail investors when it comes to day trading Forex. They'll have access to more information faster than you and can execute traders at algorithmic speeds.

They'll also be content with lower returns (below 5%), whereas retail investors tend to chase high returns to earn a living. This can also lead retail investors to take on more risk than they should.

However, I think there's room for retail investors to trade Forex over longer time frames. For example, many observers expect the USD to weaken across most currencies in 2021. It isn't rocket science to sell the USD for EUR or CHF for example, before cashing in later in the year.  This requires a bit of fundamental analysis.

 

Edited by bigtim92
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  • 2 months later...

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