makes sense since currency trading is much much bigger in asia than in the US. you can see the same thing in the NYSE, as black boxes take opposite side and kill short term momentum. nymex is a different market now as most went upstairs and now ridden with algorithms creating walls of...
I don't think the public retail investor is really participating yet. Their absence is glaring when you realize the lack of day to day momentum buying or selling. This market feels like it's mostly professionals and full time traders playing mind games with each other to see who is left...
There are some really famous multistrategy funds who are neither regulated nor are they affiliated b/d with an exchange. Being regulated does not necessarily alter the scum level.
There are more financing options to structure oneself as a prop, or "prop-like" entity/group than traders may realize.. the tradtional series 7 JBO b/d structure is not the be all, end all.
they don't seem do it cos they "love it". they just have any undying hunger for glory. i don't see how one could "love" bouts of agony, setback, defeat, and struggle on the path to greatness, all which are required for that end.
seems great people are consumed by their work. almost...