"The foreign exchange market, or forex, is the biggest and the most liquid exchange service in the world with over $4 trillion worth of trades made every day."
Yes, and you are shut out of that market unless you're on the interbank (which generally means you are an actual bank). Retail forex "markets" are bucket shops that get first look at all their customer bids. The actual forex market is OTC.
I would disagree that it is entirely a mug's game.
There are some EAs for MetaTrader that will check if your broker is manipulating your SL/TP and stop the trade. Also if you're a medium/long term trader then it doesn't really matter what your broker does.
Yes, and you are shut out of that market unless you're on the interbank (which generally means you are an actual bank). Retail forex "markets" are bucket shops that get first look at all their customer bids. The actual forex market is OTC.
http://www.ecnforex.co.uk/interbank-forex-markets-explained/
Trading retail forex is a mug's game.