bbmac
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DionysusToast
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Fortune 500 companies are LISTED on the exchanges.
You are not in competition with them as most of them do little to no trading at all. Your greatest hurdle will be your own lack of knowledge, as you have just demonstrated. This may sound a bit cruel but it's not half as cruel as the markets.
Still - trading is a competitive endeavour. Many people putting money into the markets all hoping to take more out. It is the best/luckiest of those people that will be able to do it competitively.
Can't compete with the big players. The idea is to have methodology that will ensure you trade in the same direction as them, against the herd. Fade when they fade. Trend follow when they trend follow.
For me an Auction Market Theory based understanding of price activity, use Market Profile graphic along with Order Flow Footprints for cumulative Delta divergence and Trader's Audio Squawk box aligns me with the big guys.
For me an Auction Market Theory based understanding of price activity, use Market Profile graphic along with Order Flow Footprints for cumulative Delta divergence and Trader's Audio Squawk box aligns me with the big guys.
petedeluiz
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Why compete? Befriend with them 
You're assuming they can actually trade? You're also probably forgetting about corporate politics and in fighting.
Add those two together and the big corporates of the wolrd are nothing to worry about. Plus, most of them are not allowed to trade (apart from small positions) because management is not that stupid.
And another thing, the corporates of the world play a very important part in the FX arena - they're there to be ripped off, skimmed and scammed by the investment banks and dealers.
Add those two together and the big corporates of the wolrd are nothing to worry about. Plus, most of them are not allowed to trade (apart from small positions) because management is not that stupid.
And another thing, the corporates of the world play a very important part in the FX arena - they're there to be ripped off, skimmed and scammed by the investment banks and dealers.
resistance
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Forex field is open for everyone you can get part in demo contests or other contest brokers start .You can compete their . There all type of traders are performing their skills you cam prove yourself a good trader in competition.
NVP
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Some great answers here for the initiator of the thread ............I've been lucky enough to be working with a very experienced Quant programmer for a large Global bank
We as individuals cant hope to have their Leverage and access to funds, trading platforms and sophisticated trading systems ..........but we dont also need to make the returns they have to....or work 24/7 to do it ......
N
We as individuals cant hope to have their Leverage and access to funds, trading platforms and sophisticated trading systems ..........but we dont also need to make the returns they have to....or work 24/7 to do it ......
N
scose-no-doubt
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You think that these big guys don't get hurt when policy makers spew up? They're not infallible and robotic they're people like everyone else and even their black boxes have limits.
You can't/won't be them with an information bias or info speed based strategy.
You can't beat their tech.
Look at something else other than these two.
Besides who says you need to "beat" the big guys to be compensated by the market?
You can't/won't be them with an information bias or info speed based strategy.
You can't beat their tech.
Look at something else other than these two.
Besides who says you need to "beat" the big guys to be compensated by the market?
scose-no-doubt
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You think that these big guys don't get hurt when policy makers spew up? They're not infallible and robotic they're people like everyone else and even their black boxes have limits.
You can't/won't be them with an information bias or info speed based strategy.
You can't beat their tech.
Look at something else other than these two.
Besides who says you need to "beat" the big guys to be compensated by the market?
You can't/won't be them with an information bias or info speed based strategy.
You can't beat their tech.
Look at something else other than these two.
Besides who says you need to "beat" the big guys to be compensated by the market?
The Leopard
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From Scose's lips to God's ear.
He has suggested areas where you can never have an advantage, so look for areas where you do.
He has suggested areas where you can never have an advantage, so look for areas where you do.
I think the original question is a good one, and some of the answers have been spot on. To try to clarify some of them, put them all into one point with some context:
you say that you want to 'compete' with the big boys. To me it sounds like you want to beat them. By beating them, that implies that you need to act differently from them.
I have learned one thing, and it is vital for you to know. Your job is not to 'compete against' or to 'win' against the big boys. Here's why.
What moves markets are inbalances of supply and demand. THE ONLY PEOPLE who have the financial firepower to change the supply/demand ratios due to their large volume trades are the big boys. You do not compete against them. Your job is to recognise their massive footprints (which they cover up quite well) in the market and to trade with them-to ride their coat-tails on the huge volume that only they can produce, and which ultimately drives the markets higher or lower. Anything else is bullsh*t.
Your opinion on the markets don't matter. Your opinion on whether you see signs that the big boys are buying/selling is what matters. No more, no less.
you say that you want to 'compete' with the big boys. To me it sounds like you want to beat them. By beating them, that implies that you need to act differently from them.
I have learned one thing, and it is vital for you to know. Your job is not to 'compete against' or to 'win' against the big boys. Here's why.
What moves markets are inbalances of supply and demand. THE ONLY PEOPLE who have the financial firepower to change the supply/demand ratios due to their large volume trades are the big boys. You do not compete against them. Your job is to recognise their massive footprints (which they cover up quite well) in the market and to trade with them-to ride their coat-tails on the huge volume that only they can produce, and which ultimately drives the markets higher or lower. Anything else is bullsh*t.
Your opinion on the markets don't matter. Your opinion on whether you see signs that the big boys are buying/selling is what matters. No more, no less.
Hoggums
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Actually you are completely wrong in this respect. I work with a well known corporate FX trading platform and I can tell you that any major corporation you can think of has an account with us and trades regularly.
However most of the trading is not speculative. They have invoices to pay, employees to salary and revenue to move between cost centres in different currencies. Most of the trading they do is to make sure the money is in the right place in the right denomination in order to meet their obligations.
scose-no-doubt
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The Leopard
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Naturally. It does raise the interesting point that there are plenty of participants in the markets that are not interested in making money in that market. It is simply a tool to carry on their actual business.
