well said

Is anyone here an institutional trader?

Unfortunately there isn't, it just one of the ways that these retail platforms make easy money

Is anyone here an institutional trader?

Skenobi has got it right ..." I spend maybe an hour a day looking for setups and leaving my orders, then I go about the rest of the day doing my own thing." I spend way too much time in front of the screens

Is anyone here an institutional trader?

Question to retired bank fx traders. Wow that was a mouthful.....Let me see if I can answer those questions. 1. The ones you mention are probably the biggest with US nonfarm payrolls the biggest other than Interest rate decisions. What we did as ...

Is anyone here an institutional trader?

Oh I see GbpUsd. I got up early to watch the econ releases. This is my take for what it's worth. The numbers were better than expected so I would imagine a lot of traders (retail and institutional) went long looking for momentum in that direction. ...

Is anyone here an institutional trader?

Which currency pair are you talking about?

Is anyone here an institutional trader?

He is an excellent example, good luck in your trading

Master of Universe

I'm interested, why did you call this thread Master of the Universe?

Master of Universe

Ok I see what you mean, you want to add to winning positions and if it doesn't go your way you only have a small position? That is something I do sometimes when I'm not sure (lack of conviction) of the trade. If that works for you then keep doing ...

Is anyone here an institutional trader?

We never used FX Futures too limiting as Skenobi said. AndI would say the big speculators are NOT institutions

Is anyone here an institutional trader?

The market is way too big for me to waste my pips on probing orders...I really think if you have a conviction you should just make your bet and see what happens.

Is anyone here an institutional trader?

Ah ok, thanks for the clarification

Is anyone here an institutional trader?

I only hedged against positions that were a result of customer business that didn't suit my view of that currency or the general market direction and where the liquidity wasn't deep enough to get out of that position without the market knowing what ...

Is anyone here an institutional trader?

It depends on the liquidity in the pair you have a position in. I wouldn't see the need to hedge majors against other majors if there is ample liquidity. If you are long or short say 50 million eurusd there's no need to hedge that. When I ran the ...

Is anyone here an institutional trader?

I wouldn't say it was the overwhelming number of buyers in the market as much as it is the fact that dealers are not showing any offers in the market. Any dealer that knows what they're doing would not show an offer unless a customer comes in ...

Is anyone here an institutional trader?

That's really difficult to answer. It depends on what time zone you're trading in, how active the market is, and more importantly what currency pair you're talking about. Sometimes you can't budge the eurusd with 100 pips sometimes all it takes is ...

Is anyone here an institutional trader?

I don't think you can know total volume. At least I wasn't aware of it but I wasn't a g7 trader. The only thing I could think of is this; out side of the NDF's most if not all deliverable currencies traded on either EBS or Reuters Dealing. I do not ...

Is anyone here an institutional trader?

I do miss the atmosphere, it was a lot fun. You could say things on a trading floor that you couldn't in polite company Would I go back? If the opportunity was right sure I would. BUT as the years went by being a market maker was no longer a ...

Is anyone here an institutional trader?

I daily charts for overall trend and I time with hourly charts. I like candlesticks only because they are more substantial from a visual perspective, I no very little about candle stick patterns

Is anyone here an institutional trader?

I did have a 1 million USD budget my first full year trading. My Daily DD was 100K USD at which point I would have to explain myself but not necessarily have to exit the position. If I lost 250 K during the month then I am in trader jail until the ...

Is anyone here an institutional trader?