When you step in Forex Market, you are joining billions of participants with different kind of mindset and perception. All of them come in with one mission; making money for themselves or their company. Generally, they are 2 types of players, professional (mostly are winners) and novice (mostly are losers) participants.
The velocity of the market will transfer the 90-95% of losing site to 5-10% of winning site. Frankly, after trading more then 3 years in FX, I see a lot of participants come out of the market and blaming Forex Market as 'Casino'. Somehow, I agree. But I need to emphasis those loser are players and those winner are house of the casino.
I am a fan of few reputable economist and 'think out of the box' hedge fund managers. I would like to call them 'Big Boys", they have billions of dollars to become house of the casino. Having said that, they are not necessary winners all the time, but annually they show positive return between 12-250% percent. One of the reasons they can win BIG is by having 'good friends' in the circles and see the loop holes in each country/nation economy. They plan carefully during the secret meeting. Once the deal is on, they make the market move very fast. If you are not in circle, you will feel shock to see forex market movement. The speed will 'kill' all participants which do not believe their views. Once damage is done, they collect the chips of all players and move to another country.
As I am still not qualify to join their group, I only use my skills to observe the velocity of the Forex Market. By building up my 'figures', one day I believe I will join the "big boys league".
