Reddit reviews Beat the Forex Dealer: An Insider's Look into Trading Today's Foreign Exchange Market
We found 4 Reddit comments about Beat the Forex Dealer: An Insider's Look into Trading Today's Foreign Exchange Market. Here are the top ones, ranked by their Reddit score.
Yep, this is flow trading and market making 101. They work around you and steal your idea under the guise of hedging or maintaining liquidity.
People lose at FX because they equate it to the NYSE or Nasaq or footsie when it's market microstruture is different. With the increased use of HFTs in FX it'll only get worse
This is a must read
https://www.amazon.com/Beat-Forex-Dealer-Insiders-Exchange/dp/0470722088
have you read this book?
http://www.amazon.com/Beat-Forex-Dealer-insiders-exchange/dp/0470722088
Try researching on trade management, and scaling in and out of trades.
The biggest myth in the trading industry is the prediction myth, all there is to trading is managing trades well, that's all. That's even why hedging exist, to allow corps to manage risk.
As a liquidity provider/speculator, you are saying that you can manage trades and handle risk well, and you manage trades good enough to have positive expectancy.
So the main guys you may want to research on are dealers, a good book is, https://www.amazon.com/Beat-Forex-Dealer-Insiders-Exchange/dp/0470722088