Forex Mastery Within the forex market, retail traders generally trade in a probabilistic way, not including all the facts. Professional traders at hedge funds and proprietary trading firms on the other hand, are generating consistent returns as high as 20% per month over many years by taking advantage of information asymmetries that exist within markets. Consider the fact that markets and market participants operate under one of only two scenarios: either they know more than each other… or they don’t. As a retail trader, you should strive to continually place yourself in the very advantageous position of knowing more than your counter party… thereby giving you an edge.
Most retail traders trade in a probabilistic way, not including all the facts which play a role in the market. This can be very dangerous and costly to your trading. Because retail traders do not know the real truth of what moves forex pairs, they fall for all these false truths such as: support and resistance work, indicators work, divergence works, etc. But most of these theories have been proven to be unreliable by many traders for years. So if it was so easy then why does retail forex traders have a 90% failure rate?
Retail traders typically focus on estimating probabilities of various outcomes, not taking into account all the facts.
