Banks are consistently profitable in trading, and they run a genuine trading business buying low selling high. No chaos where their shiny tall buildings are. But, they'd prefer you to believe you have lost you money to the great void, to the chaos, to the trend lines, to the bad speculators, and not to them. That way, repeat business is more palatable to you. So you load'em up as if it's a once in a lifetime new year sale, and the banks will run you a youtube training course on where best to place your stops to protect your newly acquired assets, all the while they know exactly how much they are going to make on the deal.
But But But But But. Most definately not a beginner like most on here, 8 years ish and profitable so I get it
So markets going up, I get in place a stop and they will reverse the market just to hit my SL errrr don't think so!! Yes banks over all, make billions and it all comes from retail losses it has to, as no bank loses, money is only moved around, but just cause of this, doesn't mean 1% of retail can't make a profit, obviously we all can't banks would lose, market would disapear and we'd not make any more trading again. Banks know how retail trade on mass, they know how to move the market to fool rookie newbies into placing poor trades, once you realise this you can spot and go along with them and make money. And they adapt as the money flow slow down in there direction, why it's a constantly changing game and fun Banks don't have to teach anything, we have moron's who believe randomly formed candle stick patterns have meaning and all the other crap and we actively teach each other how to lose our money while pretending to be profitable. 99% lose, but 99% make out there profitable, go figure.
Who said markets going up ? Markets going up and then they are going down. Surely you should know this stuff with your "8 years" experience.
90% of the drivers believe they are in the top 10% best drivers. So 80% out of this 90% are statistically wrong in what they believe. The same issues appear in all area. Succesful traders make money because 99% of the people think they can trade. These "thinkers" are needed to have a market.
I find anyone who thinks there a good driver generally drives too fast and has a crash or 3, ego's for you. Just seen too many newbies start off the right track, keeping it simple then the thinkers help them to trade just like them, ie lose and waste there time. But helps fund the 1% Notice the answer to everything is PA on here, with no further details, on FactioryForex it was always MM with no details.
If the market goes nowhere, the 99% would be laughing. Except the market doesn't. When the market smells money, it will move like it's on heat. The market is not hard to understand at all. It's driven by the taste of money. It doesn't care about candles, trends, MACD's, or curve fits. While it's chasing the 99%, it gives you a brief edge.