Kardec Trader explains why beginners struggle with forex trading. The market is decentralized, brokers cause slippage on trades, and without visible order flow, it's nearly impossible to gain an edge.
I don't understand why someone as a beginner would want to trade forex because the hurdles in forex are a lot more difficult. It already sounds risky. More risky? Yeah because you know you're dealing with brokers creating massive slippage where if you're buying something at one price they might sell it to you at a different price. Second, the market is not centralized. Because it's not centralized it's more difficult to kind of get or find an edge especially the way I trade. The way I trade is I look at the interaction between buyers and sellers to identify who is in control. So I look heavily at order flow to understand that. Now for me to look at order flow I have to somewhat be able to see who's buying and who's selling. And forex to my understanding you can't see that you don't have a centralized marketplace to see all of the transactions. So it makes it really difficult to have that edge.
