99% of retail FX traders are scalpers or day gamblers or "swing" traders. According to a paper on the BOJ website I'll link below, in 2015 a mindblowing 57% of retail clients were "scalpers". 86% were either scalpers (0 to 1 hour) or day gamblers (1 hour to 1 day). They excluded those with positions held over 1 month, 1 week to 1 month was only about 5%, much...
The Reason Why YOU Are Fish Food For Whales That's exactly how most people react, who are greedy and don't understand the market. Once Bitcoin is in high, many think it would only go up. As soon as Bitcoin is in the deep, many think you could buy cheaper later. But mostly the opposite happens. You can see how easy you can become fish food for whales. You...
Crypto is still the wild west, even with the adoption that has happened so far; here we can see a huge wash trade unfolding in Ripple. To copy from stockcharts, here are Richard D. Wyckoff's remarks on market operators (the composite man) and wash trading: -The Composite Man carefully plans, executes, and concludes his campaigns. -The Composite Man attracts the...