Hi,
I have been trading the forex market for a few months now and getting disillusioned.
Why is it that when you set stops they are taken out bang on the pip before the move reverses?
Why is it that comments made by the federal reserve or the Bank of England for example have the opposite effect on a market one week compared to another?
Trading short term opens you up to being fleeced by what can only be a syndicate of trading companies pooling their resources to send the markets anyway they wish and tripping the stops which they promote[in my opinion].
Is short term trading just a CON?
I have been trading the forex market for a few months now and getting disillusioned.
Why is it that when you set stops they are taken out bang on the pip before the move reverses?
Why is it that comments made by the federal reserve or the Bank of England for example have the opposite effect on a market one week compared to another?
Trading short term opens you up to being fleeced by what can only be a syndicate of trading companies pooling their resources to send the markets anyway they wish and tripping the stops which they promote[in my opinion].
Is short term trading just a CON?