Hi , i just want to know does a Forex trader in a bank have an advantage on a retail trader , if so what kind of advantage ??!
thanks in advance .
thanks in advance .
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DislikedHi , i just want to know does a Forex trader in a bank have an advantage on a retail trader , if so what kind of advantage ??! thanks in advance .Ignored
DislikedHi , i just want to know does a Forex trader in a bank have an advantage on a retail trader , if so what kind of advantage ??! thanks in advance .Ignored
Disliked{quote} Also aside from what skenobi mentioned(having a higher risk tolerance/firepower), they will have exclusive access to liquidity, in the form of reciprocal agreements with other intermediaries to continuously quote the bid/ask, see 'flow' through their own customers and also from other inter-dealers. The above gives dealing banks an advantage over the average retail investor(notice i said 'average' lol). This also implies that you, as a retailer, can make money without being on the inside.Ignored
DislikedIt's a mindset, you think like a retail investor, and you'll struggle. RegardsIgnored
Disliked{quote} Somewhat agreed with those other "advantages" you mentioned. I just didn't mention those advantages in liquidity access, market making, seeing order flow etc, because those are really matters of "access" and doesn't really make a Bank FX trader a "trader." i.e. just another bank employee with advantageous levers to pull.Ignored
Disliked{quote}To my mind, retail traders (and hard-core Bank prop-only traders usually 1-to-2 generations past) are the only REAL traders.Ignored
Disliked{quote}Disagree with this part, tho. I think it's ok to think like a retail investor interested in preserving capital and building equity. It's also ok to KNOW how bank traders think. What is NOT ok is to think LIKE a bank trader. Bank traders have different objectives.Ignored
DislikedFrom the majority of posts found here at FF, i see a heavy reliance on EA's, systems, technical patterns and various other types of hocus pocus that have almost zero to do with the mechanics behind currency movements and market micro structure. Happy trading to you matey! RegardsIgnored
Disliked{quote} ...and that's why the majority of the retail traders lose money. They actual don't know and don't care about what they do.Ignored
QuoteDislikedpreserving capital and building equity
Disliked{quote} the mechanics behind currency movements and market micro structure.Ignored
DislikedWhat are these mechanics and micro structure? If graph is just one tool, what are the other tools? How building equity? Regards and green pips to youIgnored
Disliked{quote} What are these mechanics and micro structure? If graph is just one tool, what are the other tools? How building equity? Regards and green pips to youIgnored
Disliked{quote} Somewhat agreed with those other "advantages" you mentioned. I just didn't mention those advantages in liquidity access, market making, seeing order flow etc, because those are really matters of "access" and doesn't really make a Bank FX trader a "trader." i.e. just another bank employee with advantageous levers to pull. To my mind, retail traders (and hard-core Bank prop-only traders usually 1-to-2 generations past) are the only REAL traders. {quote} Disagree with this part, tho. I think it's ok to think like a retail investor...Ignored
DislikedIn terms of the 'mindset' statement, i was here referring to a knowledge of the mechanics of currency markets. CB's, rates, FX and MO of the institutions/dealers. From the majority of posts found here at FF, i see a heavy reliance on EA's, systems, technical patterns and various other types of hocus pocus that have almost zero to do with the mechanics behind currency movements and market micro structure. Happy trading to you matey! RegardsIgnored
Disliked{quote} All good, bro. No worries! {quote} I'm assuming you meant Citi Velocity which I alluded to in this thread. To be honest, I didn't even know or noticed it had a version number (i.e. 2.0), but if you say it does, I'll take your word for it. . Maybe you should tell us what's really on your mind instead of asking me a question for which the answer is well apparent.Ignored
Disliked{quote} Obviously yes, there's 2 versions, both useable, just need some independent review of it, functionality, etc.Ignored
Disliked{quote} I only use it when I'm bored. Or when I need to scratch my academic itch. Or if I see an interesting headline from the email updates I get and I need to log on to read more. As for the dry subject of "functionality" (I'm assuming you meant website usability), I have no opinion. I don't use that website as much as I use Forex Factory, and I think that says a lot about what I think of Big Bank analyst commentary services. I never ever use Velocity (or any similar website) to influence or drive my trading biases. In any case, I'm not easily...Ignored