The amazing dirty little secret hft market makers are skimming uninformed FOREX traders
Ouch. I feel sorry for the suckers and the corrupt brokers out there. Can it be regulated? I don’t think so.
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More evidence on what you should know from pg 37 at:
Informed Traders as Liquidity Providers: Evidence from the German Equity Market
Also from another PDF
This is true in as much as that we can to let an uninformed
trader interact as a discretionary player in a perfect Bayesian game, such that we can
process our analysis in a standard way to extract parameter-dependent analytical result.
Click to access microstructure-tutorial.pdf
Note:
Spreads tend to decline over time as MMs fi gure out V.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
