It works for me great, when it's working for me, I'm either near 100% profitable or actually 100% losers , depends on if I'm over thinking it, but your likely not even aware, just check the end of day profit/loss, cheating. Currently, on fire nearly 100% profitable, yesterday blew E2T gauntlet after first trade made +$400 mainly due to massive Commission Charges, I'd under estimated, giving up on that.
Thx for the counterfactual and it's a pleasure to meet you. I just checked out your profile. You don't appear to be a trader. All of your many posts this week are about politics. Are you finding this site and this particular forum to be useful with respect to understanding politics?
What makes you say there is an absolute increase in the number of knowledgeable people on the site compared to 5 years ago? I read lots of older threads and many of those in the know don't post anymore.
While I agree that the vast majority of retailers that try their hands on fx are incapable of generating profits I know quite a number of very profitable fx traders. Its the deepest and most liquid market, trades around the clock, has relatively low jump risk compared with equities, no risk of trading halts, delis tings, dividends, splits, or other corporate action. The potential for manipulation is very low with the right broker and liquidity providers, way tighter spreads and hence cost of execution than most equities. Not sure what's to dislike.