Is forex becoming less popular?

[alsanboj]

I recall when I first heard of fx back in 2007. I tried to investigate more and I believed it was the thing I ever watched.

I used to lurk about this forums along with the intelligent quality of the articles were such that it made me feel totally dumb.

Nowadays just about all of the old crew left. I believe most blew up or were unprofitable and don't want anything to do with fx.

Has the novelty factor of fx wore off at which each one says been there and I've the t-shirt?

The actual question is that after 5years of fx trading will u regret of hearing the word fx trading?

[alsanboj]

wow! The Japanese housewives are back after being wiped out in 2008.

I hear they are a force to reckon with.

[Eslela]

After 3 years learning in FX market, I would say FX market is a market for large fish to control to search the fish. Forex is decentralized and in fact we're trading against the platform/broker which already been made to search us. No matter how great of MM and technical skill that you have, you are not able to win against the fish. I found another link for great reading about this

http://ihavenoiqscore.wordpress.com/2013/02/26/the-big-forex-lie-you-believe-is-real-your-not-trading-forex-proof-its-a-scam/

Therefore, I have been moved to stock and futures market that's more fair game if compared to FX.

[mikaeloxmlinwz]

So, I have been moved to stock and futures market which is more fair game if compared to forex. I don't think forex is unfair in any way. It is an unregulated market you are not forced to speculate on (except business or traveling, but that is why people are here), it is pretty much the very fair and free market in the world.

But in saying that, I exchange stocks because pay to trade as soon as you can get paid to exchange. Many people on here are clueless to what a limit order actually is and don't have any concept of what a market is out of a head and shoulders pattern on a chart.

If every trader on this forum stopped trading it would effect hardly any people other than brokers, the liquidity will remain


I'd say forex market is a market for big fish to manipulate to search the little fish. Have to disagree with this, the futures (and most of brokers) track place pretty much to the pip. Any broker manipulating price or perhaps slow could get arbed out of the game. Not to mention the little fish piggy back on the fish.

[mikaeloxmlinwz]

One more thing about this Foreign Exchange scam bs.... If you are a profitable trader exactly what can it matter your broker is netting your orders from another client?

The entire point of this market is you don't have to go find somebody to be on the opposing side of your order , wouldn't that be a big pain the a$$, your phone bill would be bigger than commission, not to mention that the Latency Hello, Mr Aanar? , fancy a trade? no? Bye, Fine, I don't even know if they give out phone books. The broker is performing it . If he places it through to a centralized exchange there is still a client of somebody on the the other hand

Give the brokers a rest, they are taking risk, working, creating employment and a support for you. Nobody is forcing you to use them

[Pelemcammas]

Another thing about this Foreign Exchange scam bs.... If you are a profitable trader what can it matter your broker is netting your orders off against another client? The entire purpose of the market is you don't have to go find somebody to be around the opposing side of your order yourself, wouldn't that be a big hassle the a$$, your phone bill would be bigger than commission, not to mention the Latency Hello, Mr Aanar? , fancy a trade? no? Ok, bye, I don't know if they still give out phone publications. The broker is doing it . If he places it via... A lot of the hate on brokers is based on misinformation and a desire to find a scapegoat for individual failure in trading. You are correct in the field is aggressive and that they have a job that is difficult. O and both F X C M a n d a have been good to me and are willing to admit mistakes if and when they occur.

[alsanboj]

Appears that I was wrong.AFR has completed the first extensive study of retail fx which has a market share of about 20% and growing .Banks control roughly 26%.
Now we know who encourage the fx market. Retail traders.

[lejaymililam]

Forex has been popular and will continue to be so in the forthcoming years.Everyday many individuals enquires about Currency Market and also the way to get into it.So,I think its becoming less popular infact its growing.

[jpa1989]

I think that the forex market is very beneficial for all, sometimes you win I lose, The good thing about this business is that you have egies, resources and strategies that help predict what will happen.

[belho125]

For most'spiritual' people, gambling is forbidden. Heck, the entire world forbid gambling in the majority of the place. And many think that investment is gambling.
So individuals still choose deposit with 2% yearly return rather waiting a year for a fantastic price to exchange

in years studying FX;
I can not trade few decades ago because I'm not edued enough
and then can't trade because broker has minimal account of 2500 or so ( and today you get $x of your demo profit, totally free account ,lol )
still not profitable because the broker disperse is big
4 decimal for gbp/usd price

and now that was history, only in 7 years.... I suppose in years we will see 1 pip spread is normal in retailstores. With 5 decimal price.

Btw that 1 sign price, if broker get an inclusion of 1 digit behind this, they could lawfully take profit from price gap. And somebody else could take profit with that broker if possess a different digit,

but I suppose everyone know this already right?

[Nak1982]

After 3 years studying in forex market, I'd say forex market is a market for big fish to manipulate to search the little fish. Forex is decentralized and in fact we are trading contrary to the platform/broker which been made to search us. However good of specialized and MM ability you have, you are unable to win against the big fish in the very long run. I found another link for good reading about that http://ihavenoiqscore.wordpress.com/2013/02/26/the-big-forex-lie-you-believe-is-real-your-not-trading-forex-proof-its-a-scam/ Therefore, I've... This article touches paranoia! There's some truth to it. Most brokers are brokers. They do not pass their costumer orders into the market, or just pass part. They act as counterparty to the orders that they process. The orders stay in house. Meaning they are not gaining commission/spread out of a costumer. They profit when a costumer vice-versa, and loses. Their business model is precisely the same as a casino, and as such they do not like winners, and will play whatever dirty tricks they could get away with to create the few profitable costumers render (hello veteran news traders!) .

How I see it that a broker should not be allowed to process and act as counterparty to exactly the exact same order. Especially in a market like forex where it is nearly impossible to determine whether or not execution is being fair. It's totally unethical, but regrettably this is the way it works and it is considered legal.

[Nak1982]

Another thing about this forex scam bs.... If you're a profitable trader what can it matter your broker is netting your orders from another client? The entire point of the market is you don't need to go find someone to be on the other side of your order , would not that be a big pain the a$$, your phone bill would be larger than commission, not to mention that the Latency Hello, Mr Aanar? , fancy a trade? no? Fine, bye, I don't know if they still give out phone books. The broker is performing it . If he puts... Oh, but it things. A 0.1 pip difference in execution may create a world of difference. Especially, when who's executing the order also stands to profit from your loss.

[IvanPemamll]

I really don't post much. I've been doing good myself. So I am pretty much doing what solo. I try to not allow forex operate my entire life. If charts do not look interesting, go do something different. I dont spend some time on forums , I adhere to what works.

I think in regards to learning this art. There is a part of us who wants to explore new concepts and find out. When you come upon something which works, at some point you may abandon it and chase another idea.

It is just like a baby learning the world around it.

After some time you settle down and you just do what you do. You kind of become minded to new concepts and idea. Especially if they don't match your view onto the charts. Like an old man I guess.

Today I like that I said I dont' spend too much time on the boards . . But I've looked in a few threads lately. . . . But I do not click on the ones about thoughts or systems. . I click on the ones. . USD/JPY... the AUD/USD yesterday trigger the fed rate was coming simply to get some idea what people may be thinking about it. . I noticed their perspectives aligned with mine. .

So bottom line. . The traders at forum do not search in the systems forums, search in the trading forums.

[paypaybnf]

I don't have any idea how people could actually just stop trying. After the learning and all the experiences? Particularly because, with me, demo accounts were not - not felt for me? All the stuff I have been through with money in my life has had to do with a single thread - that I, like lots of other people, want freedom. I tried lots of ways to bring that about, such as serious considering medical transcription since I wanted very very badly NOT TO Need to WORK with a sizable group, dealing with the facets of the... where... certainly love this

[M]

Forex has got less popular.

I've attached a chart of the google searches for forex since 2004. The period forex trading has a similar pattern. You can see a substantial gain from 2006 to 2008, and then a sharp fall, and also a slow grind suggesting it's popularity is waning.

Not quite surprised . I was trading forex from late 2006, and I can remember how popular it had been in 2007-2008.
https://www.nigeriaforextrading.com/attachments/15194510381842217148.png

[Pelemcammas]

Forex has definitely got less popular. I have attached a chart of those searches for Foreign Exchange since 2004. The term Foreign Exchange trading includes a similar pattern. It's possible to see a substantial increase from 2006 to 2008, and a sudden collapse, and a slow grind suggesting that it's popularity is waning. Not really amazed by that. I was trading Foreign Exchange from late 2006, and I can remember how popular it had been in 2007-2008. image That coincides with the market crash in late 2008. The identical thing happened with all the dot-com bubble not a surprise. People today want easy money and they get greedy so that they turn to the thinking it is a piece of cake. They get their ass handed to them and they then quit and never look at it.

[Anox]

quote That complies with the market crash in late 2008. Not a surprise, the same thing occurred with all the bubble. People want money and they get greedy so that they turn to the thinking. They get their ass handed to them and then they look at it and never stop. Hear hear

[Aphex93]

At the same time, as economic factors like quantitative easing have reduced volatility in the foreign exchange market, quantity has diminished. By 2011 to 2012, according to the report, average daily quantity dropped from approximately $4.1 trillion per day to $3.6 trillion. GreySpark expects volumes to remain below 2011 amounts for the next four decades.
The combination of decreasing quantity and fragmentation is leading to greater pricing for asset managers and other clients. Data from Credit Suisse reveals a sharp fall in USD-EUR spreads in 2012. (See graph.)
http://www.tradersmagazine.com/news/FX-REPORT-Buyside-in-the-Catbird-Seat-as-Pressure-Mounts-on-Dealers-111441-1.html