Quote:
Originally Posted by Unregistered
The big forex players make money from the retail traders who quickly run out of funds. Sadly, there are more and more such retail traders. It's like the casino - sometimes there will be a few aunties making big wins, but in long run, the house always wins against the majority.
There's a report somewhere saying that retail forex traders mostly get eaten up. It's a Bloomberg one or something. If anyone can find it, please paste the link here for the sake of the blissful ignorant.
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Even a major investment bank like JP Morgan -- with their top traders, rocket scientist quants, time-proven models, super computers and frequently faster-than-market access to time-sensitive info (not amounting to insider news) -- could lose $2 Billion.
JPMorgan executives set to leave, sources say | Reuters
If this Adam Khoo's partner can really generate 10% return month-on-month, then he should go teach JP Morgan a thing or two.
And retail traders should wake up and stop dreaming of making money by clicking mouse buttons at the computer. Waste of time!