- Of the 15 FX-only managers on a big interbank platform, 14 made losses in the first 6 months and the 15th was up a massive 0.25%!
- Of the 3 funding programs that FXWW is associated with, only 2 traders managed stellar performances in the first half of 2014 but fortunately most were close to break-even.
- On a personal note, my long GBP trade paid dividends as did some other shorter-term trades like short USD/CAD and long AUD/USD but I also got chopped in the wash on numerous occasions.
Turnover and volumes are down appreciably across the FX market and retail traders in general are becoming more proficient. This means that the ‘pool’ of profits is getting smaller and more hard-fought and of course when the banks/brokers take their share, there is less left for the rest of us to fight over.