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fx "traders" hate real profitable traders


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  #21 (permalink)
Spottrader
springfield, US
 
Posts: 42 since Apr 2022
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SMCJB View Post
Banks and market makers

The liquidity providers. Brokers specifically are a part of that group.

Spot fx is dominated by forex brokers and their liquidity providers. There's a whole aspect in the un-regulated off-shore realm as well. They don't operate under scrutiny and can be the anyone or entity...Hedgefunds, arms of regulated brokers (off-books) and even the liquidity providers themselves. I can open a brokerage with enough seed capital, an Mt4 license and a brick and mortar domiciled somewhere in the Marshall Island etc.

There's nuances that just aren't known by uninformed traders nor made public.

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  #22 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
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Spottrader View Post
The liquidity providers. Brokers specifically are a part of that group.

Spot fx is dominated by forex brokers and their liquidity providers. There's a whole aspect in the un-regulated off-shore realm as well. They don't operate under scrutiny and can be the anyone or entity...Hedgefunds, arms of regulated brokers (off-books) and even the liquidity providers themselves. I can open a brokerage with enough seed capital, an Mt4 license and a brick and mortar domiciled somewhere in the Marshall Island etc.

There's nuances that just aren't known by uninformed traders nor made public.

I know when you started this thread you were talking about people hating on profitable traders on fx trading sites but I thought the conversation had pivoted to talking about the advantages of trading futures vs retail fx shops. Hence my reply was from the perspective of futures - spot FX isn't something I've experience in. In fact the few times I've ever looked at the popular options open to US customers to trade FX I've always left in disbelief about how uncompetitive/one-sided it is against the retail trader.

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  #23 (permalink)
Spottrader
springfield, US
 
Posts: 42 since Apr 2022
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SMCJB View Post
I know when you started this thread you were talking about people hating on profitable traders on fx trading sites but I thought the conversation had pivoted to talking about the advantages of trading futures vs retail fx shops. Hence my reply was from the perspective of futures - spot FX isn't something I've experience in. In fact the few times I've ever looked at the popular options open to US customers to trade FX I've always left in disbelief about how uncompetitive/one-sided it is against the retail trader.

It is massively lopsided.

Here's the crazy thing, the better you are the harder they make it.

...this translates to some of the most insane market moves that you guys trading futures are affected by.

You can tell what I'm referring to..

As I type this I am directly affecting the eurusd. Had I told you an hour ago you would've been wise to short it hard.

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  #24 (permalink)
richardmai
hong kong, China
 
Posts: 5 since Oct 2023
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why hate those profited ppl ?we should not hate the winners , we should learn from them .

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  #25 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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Small Dog View Post
He wasn't trolling, he was bitching.


Spottrader View Post
Stupid comment.

Typical trash post in trading social media.

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