Why do Forex traders lose money

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
We have so many indicators and strategies and yet majority of forex traders lose money. Reason is we don't know who is our competitor.

The mover and shaker of forex market is big banks and institutions. The advantage these big guys have is that they can walk in their trading room and see all the buy orders and short orders. They can see where the stop loss are and where the money is. All they have to do is trade in the opposite direction till your stop loss is hit or margin call hit, then they take that money and go with the trend for a while only to repeat it over and over again day after day .

Think over it.


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