Casinos have an edge of average 5% in their favour, this is why casinos make money. https://wizardofodds.com/gambling/house-edge/ All forex traders have a negative edge, due to the spread. Every time a trader trades , he loses a 1 to 5 pip spread, if volatility is low and forex volatility can be very low, the negative edge of the forex traders can be 2 to 5%. This is why most traders lose money. The more you trade , the more you lose, the more you trade, the more money a broker makes. All this technical analysis is lagging , it provides no edge. https://en.wikipedia.org/wiki/Gambler's_fallacy Forex traders also have a negative mental edge , because the human brain is designed to make them lose. Evidence trend following has no edge. The great trend follower lost more money than he made. https://www.earnforex.com/forum/threads/95-trendfollower-traders-lose-at-trend-trading.30230/ https://en.wikipedia.org/wiki/Richard_Dennis $50 million losses in 1987 million in today's terms is around $200m to $300m Most people who believe they can profit from forex , suffer from the dunning kruger effect. Traders make mistakes and lose more https://www.earnforex.com/forum/threads/traderss-mistakes.34543/ Virtually impossible to make money from forex https://www.earnforex.com/forum/threads/virtually-impossible-to-make-money-from-forex.35968/ Trading forums are the blind leading the blind.