The money lost goes to two parties, 1: the spread goes to the trading company that made the trade for your, and 2: the excess money lost gets distributed to the other traders who made profits
Most brokers are happy to be the other party of your forex transaction. This means that when you buy, they will sell you, or when you sell, they will buy it. The reason is because most forex traders lose their money eventually. Their trades aren't executed on the market, they trade with their broker.. Brokers handle profitable traders in a different manner though. If you wanna belong to the winners, you must learn how to trade forex.
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i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
I mean, given that the vast majority of small traders end up losing money, the few that make money must harvest an ocean of money. I'd like to know who these are.
