Sam Seiden
Independent Analyst
Summary
It's no secret, Banks tend to be very profitable. At the same time, retail Forex traders tend to lose money yet both groups are buying and selling in the same market. Sam Seiden began his career on the Bank side of the business in the Forex markets at the Chicago Mercantile exchange where he facilitated large FX order flow for banks, institutions, hedge funds, and more in the Forex markets. Join Sam as he shows you the simple reasons why Banks are consistently profitable and you're not.Latest Live Videos
Editors’ Picks
EUR/USD hits multi-day lows below 1.0900 after US data
The US Dollar strengthened following the release of US Core PCE and Jobless Claims data. EUR/USD reached four-day lows below 1.0900 and remains under pressure. The DXY rose above 103.50, extending the recovery from monthly lows boosted by higher Treasury yields.
GBP/USD extends slide towards 1.2600 as Dollar strengthens
GBP/USD slid towards the 1.2600 region, retreating almost a hundred pips from daily highs. The pair weakened further after the release of US consumer inflation and Jobless Claims data. The US Dollar gained momentum boosted by higher Treasury yields.
Gold price steady at around $2,040 after US PCE figures
Gold price (XAU/USD) struggles to gain any meaningful traction on Thursday and consolidates its recent strong gains to its highest level since May 5 touched the previous day. US Dollar gaining modest traction on encouraging inflation gauges.
Bitcoin Spot ETF anticipation fuels BTC price rally in spot and futures markets
Bitcoin Spot ETFs could see a batch approval in January. Eric Balchunas, a Bloomberg ETF analyst shared details of an updated application by asset manager BlackRock.
Oil up half it was earlier this Wednesday as OPEC+ Joint Ministerial Committee takes place
WTI Oil clings on to 1% gains as OPEC+ meeting enters next phase. The US Dollar is roaring back after a few days of substantial weakness. Oil very volatile ahead of a possible OPEC+ outcome later this Thursday.