枯木可逢春
枯木可逢春
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Many people don't understand what the trading model of a forex platform is. It's called CFD (Contract for Difference), and the quotes come from the average price of several upstream LPs, similar to the mark price on an exchange. The recently launched tradfi section on exchanges basically means the exchange itself acts as the market maker, so your counterparty is the exchange.
Back to forex platforms, if you ask whether the client and the platform are in a betting relationship, I want to say, maybe yes, but not necessarily. First, you need to understand the platform's risk control logic. Suppose the platform has 1000 lots of long gold positions and 1200 lots of short gold positions. The platform internally hedges the 1000 lots of orders from clients. As for the extra 200 lots, the platform has the right to either take them on itself or pass them to the upstream liquidity pool. Another model is splitting into A and B books, that is, A book and B book. A book is the order passing model, where the platform forwards your orders to upstream liquidity providers and acts only as a channel, similar to matching. B book is internal matching/market maker role, where the platform assigns you to different pools based on your account's profit and loss record.
What I want to say is that any platform, including crypto exchanges, is basically the same. As traders like us, we only need to focus on trading costs and whether profits can be withdrawn, and whether the platform is reliable.
Also, I have not done any rebate or advertising fees for Ex platforms; I simply find them easy to use. For forex platforms, try to choose those with over 10 years of history, like IC, IG, FXCM, and Gain Capital; these are all very good brands.
After reading the article, it really resonated with me. I climbed out of debt, going all-in with a few thousand dollars to turn things around. The odds of that happening are extremely low, less than one in ten thousand. So I understand the dangers involved here. I always advise people around me to avoid trading if possible and to avoid leverage if they can. Most losses aren't due to lack of skill but due to mindset. The fundamental cause of a poor mindset is the gambling mentality when first entering the market. Once in debt, one wrong step leads to more mistakes, so most people end up stuck in the pit forever. But if you slow down and think about extending your timeline, aiming for some capital appreciation, and approach trading with the mindset that it's better than working a regular job, the results will undoubtedly be much better. Of course, this only increases your chances of survival; it doesn't guarantee continuous success. So do your best and leave the rest to fate.
You all say, I even have screen recordings as proof of step-by-step withdrawals from Ex to Binance, so why do they pretend not to see it? Could it be that my previous act wasn't impressive enough? Or do I need to improve my photo editing skills? Looks like I'll have to keep working hard on my act; it's a long and arduous road ahead.