Why do most people fail in trading the forex market? It’s because the market is manipulated by the big banks.
Most people trade with all kind of indicators and Expert Advisors. The problem with these indicators and Expert Advisors is, that it will work at times, but most of the times it won’t work and you lose all your money again.
Almost all brokers will earn money if you are on the wrong side of the trade and the big banks know where you have your orders and stop losses placed. Think of it by yourself. More than half of the trading volume in the forex market is done by only 6 big banks. Citi, JP Morgan, UBS, Deutsche Bank, Bank of America Merrill Lynch and Barclays. They need to make money everyday and can do that only by taking it from for example the retail traders and hedge funds. This is done by letting your trade go into the opposite direction that the big banks want to go to and get your right trades get stopped out.
How many times where you in the right direction, but just before it went your direction you got stopped out? This wasn’t bad luck, but all was planned to do so. Most people are learned to put there stops at a specific point. And the big banks know that. All they have to do is to take your stops out and get in the real direction.
Here at TradeonFX we teach you how to follow the big banks. Because they move the price. Forget what you all have learned. Start with a fresh start at TradeonFX.