Seriously, who comes up with this stuff, 80% of the the forex market is controlled by 10banks. If you don't know how they work, or have no idea how to follow them you will lose money. Then you have the data issues and brokers with trading desks trading against you 'slipping' the data. Forex is unregulated, that's it, a free for all, but if you take it for what it is it's good fun! In life there's always a reason why something's easy, and it's very rare that it's ever for your benefit!
Absolutely right. Retail FX is the wild west.
I've said it before on these forums and I'll say it again. If you are a small player and you want to enter the FX space then look at LMAX.
https://www.lmax.com
Central limit order book, full transparency and no last-look.
