Hello and others on this specific thread.
I dont frequently comment oncliqforexwebpages, nicely havent for a while.
But just to let you know, I did after work with an investment bank, and I know the way the system operates, and Behofas far as you attempted to make sense of this and you're near the marker, it just doesnt work that way.
Go to my thread posted on market manufacturers - which gives you an insight on the way investment banks operate
https://www.cliqforex.com/general-fo...rs-affect.html
But could firstly say. And this is something that needs to be adjusted, cause its false information to hopeful traders out there. The stat is actually thi.s.
95% of all traders fail within the first 6 weeks of trading.
NOT
95% of all traders lose, fail or are unprofitable all the time.
I can say that im a relatively prosperous trader - maybe not hugley effective, but im slowly working my accounts to some point that im happy with. I trade from home, and I know. It's possible, it comes down to you as your experience behind the displays and an individual. Same with any other occupation.
Apprentices are apprentices for 4-5 years to get a reason. To find out the trade. I think if you're a full time trader, it would take to become proficient. Some more.
Investment Banks as a single thing can't proceed the fx markets alone. On stocks its a little different. But with fx volume and size, there is nobody major banking institution in the world that can move any of the MAJOR PAIRS, by themselves. Some of the bigger pairs, maybe it is out of question to think about it a reality on the majors.
If they did, it would need to be a collective work. Banks before have been proven to move price action, but there is a collective number of funds behind such moves. The institutions with the damage are major Central banks. The major central banks in the world that have potential for damage are the fed, the ECB, the Bank of Eng, the Reserve Bank of Australia, along with the Bank of Japan. There are a number of other people, but generally these central banks are supporting to moves on the majors.
Investment bank traders, do use, technical and fundamental analysis. When I worked on the desk, then these tools were used by us. We also did possess information on who was buying things, and once - in terms of our client base. That is also valuable.
Howeverthe FX market itself, onto a MAJOR PAIR, is too big to be dominated by one single bank.
That is the simple reason why I decide to exchange in this specific market.
Now - systems operate. A system that's very similar to my own, is that the 4 hour MACD system that have respectfully dozens of traders to trade his own thread here on FF. To teach and to have enough time is impressive, and also I respect the mans job is somedays a hour occupation - and so is a thread.
Keep your systems simple, keep your trades easy, and it's possible to be prosperous in the market.
It isnt impossible, however I think that the best advice that may be given, and what had been given to me when I started was. Be realistic. Be realistic with how much you need to lose before you start to learn, and become profitable, be sensible with your way of life and if you're able to match trading in.
Trading for a living is a total lifestyle change. Your life revolves round markets - and at the end of the day, you need to be passionate about trading itself to get anyplace. Not the money that you will make, but trading itself. You have ta love the dynamics along with also the game it is.
Cash is a bi-product of success. Success is accomplished by means of your passion for each and every trade you place in the market.
And not just that, the most prosperous traders out there are constantly by the markets side....they are after the market 24 hoursthrough their own lives - through marriage breakups, bringing their kids, doing their hobbies. etc..
Should you truley need to be trading for a living, you need to be prepared to forfeit and this is exactly what you need to do.
Individuals who exchange big time frames, and exchange 2-3 hours every day, are either building up themselves so that they can get full time trades, doing it to get a second income or possess a lot of cash to play that their yields will be substantial anyway.
But for somebody to become a successful, passionate trader. You need to give 100% to it.
If your just in it for the money, and constantly concentrate on your account complete at the end of the afternoon....forget it. Thats not exactly what tradings all about.
It's possible. Its going to damage, your going to wish you never took up trading in the first place occasionally, and occasionally even your going to be on cloud 9.
Likely why I enjoy it so much. Just a game that is huge!
Happy trading, I hope what ive written really hits home - cause I do frankly not like others placing a false truth in what folks can definitely achieve in this particular game.
cheers
Rusty