According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.

And if you divided that figure between the nearly 35 000 trading accounts that ended the year in red, it turns out that for the 12 month period a Polish trader has lost on average about 4400 USD.

Al in all 78.9 percent of all retail traders in the country lost money in 2018, marking a slight decrease form 2017 when 79.7 percent of all traders lost money, the PFOC data also shows.

That is more or less in line with the industry average as most brokers regulated in the European Union report losses for about 80 percent of their clients.

mlawson71 wrote: Fri Apr 05, 2019 1:04 am According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.

And if you divided that figure between the nearly 35 000 trading accounts that ended the year in red, it turns out that for the 12 month period a Polish trader has lost on average about 4400 USD.

Blimey! That's what happens when you trade the 1 minute charts (unless you're vvFish).

And that is just only one country. Just think about that worldwide and how much money is coming to markets every year .
Retail traders is a much bigger business than most of us thinks it is.

Jimmy wrote: Fri Apr 05, 2019 1:14 am
Blimey! That's what happens when you trade the 1 minute charts (unless you're vvFish).

lower time frame traders think they have speed of Rafale jet , not knowing that Mr. Market has many intercontinental missiles to counter it.

so they keep coming in at the speed of Rafale jet and Mr. Market keeps them eleminating at the speed of light.

rijay wrote: Fri Apr 05, 2019 4:36 pm lower time frame traders think they have speed of Rafale jet , not knowing that Mr. Market has many intercontinental missiles to counter it.

so they keep coming in at the speed of Rafale jet and Mr. Market keeps them eleminating at the speed of light.

Absolutely spot on brother.

The Polish police has arrested 11 individuals on suspicion of running a forex scam scheme, defrauding investors in Poland and other EU countries.

According to police sources the gang is responsible for the theft of at least 520,000 USD in Poland alone, part of which are recovered during the police rides.

The people arrested were working with other scammers based in Cyprus and are reported to be of the senior management of the organization, not just call center employees, who usually make the contact with the clients, who are latter scammed.

According to police sources at least 30 more people involved in the scam syndicate are still at large, but it is unclear whether they are in Poland or Cyprus.