See, the reality of the market is that the “Big Boys” which I refer to as the banks, hedge funds and professional traders control the vast majority of the market.
In fact, just the top 10 banks controlled 63% of the entire FX volume last year!
And just the top 15 banks controlled 78% of the market…
When you add in the hundreds of additional banks and institutions that play in this market, it becomes very obvious who controls price action.
Which means virtually every movement you see on any chart in front of you is almost completely determined by these big banks and institutions...
Like I said, that’s fairly obvious, right?
Most traders are already aware that banks and professional traders make up a huge percentage of market volume and, therefore, control the price action of the market.
And, yet, no one is following through on this principle…
If they did, they’d discover the “open secret” I mentioned earlier and would catapult the success of their trading to unbelievable levels in a very short period of time.
Instead, traders and educators ignore the repercussions of the fact that institutions are running the game and continue to trade blind.
And, in fact, many come to the conclusion that trading is impossible…
Or that there is no consistent way to find high probability trades day in an day out, week in and week out, etc.
But ask yourself this very simple question:
Would the banks that are putting up millions and billions of dollars every day, really risk that type of money without a high probability and statistical edge to virtually guarantee they make money?
Well, we already know the answer to that!
If you’ve ever taken out a loan from the bank you know that you have fill out immense amounts of paperwork in order to secure the loan so that the bank can verify they have an extremely high probability of making their money back.
And if they do that over 20 or 50 or 100 or 500 thousand dollars, how secure do you think they are with hundreds of millions of dollars?
But we don’t even have to rely on what we already know to be the case…
Because the banks and institutions report on this kind of information.
In fact, not long ago JP Morgan reported that they had exactly 0 losing trading days in Q1 of the year and averaged $112 million dollars per day in profits.
So obviously the banks and institutions have a way of doing things that yield unbelievably consistent and highly profitable results.
And while individual retail traders don’t have an army of traders in our accounts to balance out perfection like JP Morgan…
We can “steal” a huge chunk of the reliability and consistency that the banks are able to achieve by cashing in on this open secret.
What is this “open” secret?