Yes, the Market is Rigged, BUT…

I recently posted an article asking “What Makes the Forex Market Move?”

(If you didn’t respond, be sure to hit the link above and add your thoughts in the comments)

The most common response was that the Big Banks move the market… But along with that, I got a whole slew of similar comments regarding something that I didn’t even mention in my article and didn’t expect to see in response:

“The Forex Market is rigged.”

 rigged

The conclusion of their thoughts on the market being rigged was that it’s impossible to make money trading Forex.

While I agree that the Market is rigged (will get to that in a second), I do not agree that it means you cannot make money trading it.

Every single Market in the world is rigged…

When people and institutions have Billions (and sometimes hundreds of Billions) of dollars to put to work, OF COURSE they are going to create some advantages for themselves. That is one of the many reasons that the rich get richer.

In no way should you expect to compete with them on an even playing field. That is called an unrealistic expectation.

But there is something we should be very clear about:

Just because the people and institutions with the MOST money make MOST of the profit, does not mean that there isn’t excess profit available to the rest of us.

Let me say it like this…

If there is a 100 Billion dollars of profit to be made in a full year of trading and the top 1% make 99 Billion of that potential profit, I am still more than happy to fight for a scrap of the 1 Billion in left over profit. (do you know how much money a BILLION DOLLARS is?!?!)

click_to_tweet_Billion

The odds are against the typical retail trader (I am not going to pretend like you have the same luxuries, conveniences and insights as the multi-billion dollar investors in the world.)

But what’s important is that just because it’s not as “easy” for you to make money as the 1%, doesn’t mean it’s impossible.

Sometimes we have this idea that just because the odds aren’t in our favor means we should pack up our things and go home.

But look around you… Look at the world… Look at the successful, wealthy people that exist in our universe.

From professional athletes, to musicians, to investors; the earth contains millions and millions of people who are thriving in a situation where the odds were always against them.

The chances of becoming a professional athlete are not exactly high, right?

And I think it’s fair to say that most of the kids in choir class won’t be selling millions of records.

But some do. And that’s the key.

If you want to be a successful investor/trader, you can’t expect the odds to be in your favor. You certainly can’t expect for everyone to play fair (banks, brokers, governments, etc.)

You have to choose to work hard and be an exception the rule:

Every kid on the high school football team won’t be playing the NFL some day and everyone with a trading account won’t be making millions some day.

So, just like everything else, you have to rise above the status quo. You have to work harder than everyone else and be more disciplined than everyone else to succeed.

It’s not enough to be above average because the top 50% don’t win.

Instead, you have to be a total exception. That’s not easy but it IS possible.

 

 

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Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

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  • smayer97

    Thx kindly for sharing. That kind of transparency is helpful.

  • NathanTucci

    Hi there, sorry, did not notice your question. I was not checking out the blog for comments… My apologies. To give you a live illustration of this, I am trading a 185k account and looking to make 50+ percent this year, so that would be hoping that my trading yields 80-120 thousand for instance.

  • NathanTucci

    Hi Peter, thanks for the comment. I like what you said here, but I do think the 30% number is a bit of a misrepresentation. Those numbers typically come out per quarter meaning that 30% were profitable for a quarter. The issue is that 30% of clients could be profitable every quarter, but then looking at the large scale, 90+ percent could still end being losing traders.

  • smayer97

    Is this too much to ask? I know your results do not prove the results other will get but I think it would go a long way to demonstrating credibility in what you have to say.

  • smayer97

    3 months and still no reply. Are you afraid to be transparent to prove your point? What about some feedback/comment?

  • smayer97

    one months and still waiting….Why is it so hard to find educators who are willing to be transparent? If you can truly be meaningfully profitable, the proof is in the pudding.
    So? Feedback please.

  • smayer97

    3 weeks….and still sincerely waiting. Many legitimate traders share some meaningful results. Is there a better validation?

  • Peter

    Hello Nathan,

    great article, you shared some valuable thoughts here. Although I can’t say I agree with everything you wrote, I really like the core idea. Fact is that it’s much harder for us, retail traders to make profit but that doesn’t mean it’s impossible. According to a statistics made by Citi, about 30% of US clients are profitable, so one of every three traders can actually make a profit. I think most of the traders who lose money constantly are just simply not prepared and lack knowledge that’s why they always end up on the losing side. There are several profitable and successful out there who began with just a small amount of money.
    Although I have to say there are some strong forces that work against retail traders, bigger players (like investment banks) and sometimes forex brokers (especially if they are market maker). That’s actually a crucial issue that many trader oversee, but your choice of broker highly influences your profits. You have to be able to control your trading costs otherwise you end paying unnecessary charges for your broker.
    Actually, I have a fintech venture and due to this I have quite deep knowledge and large pool of data regarding this topic which might be useful for fellow traders, too. If you think that this would be interesting for your readers, then let’s contact each other. I would be more than happy to share my findings and thoughts on this topic with you guys, since I really appreciate the high-quality content you provide here on Winner’s Edge Trading.

    Cheers,
    Peter

  • casey

    HI Smayer, We actually don’t trade live. The purpose of the Winnersedge is to educate traders so we can extort their hard earned cash. Its all business to us.

    Hope this helps.

    Casey From Lossersedgetrading.dingdong

  • smayer97

    Why no reply to this question? It is a sincere one and would be helpful. Does not need to be specific. Just use a range, as suggested above.

  • smayer97

    so if you can make money in Forex, how much have you made consistently, since you have been at it a long time? low-, mid-, high- 5 figures per year, 6 figures, 7 figures? That would be most telling.