Retail traders did not get a build in the forex capital markets. That is nothing but the truth. The financial system, pricing mechanisms, and interbank relationships were all designed by and for major banks to handle trade settlements, hedging, and cross-border speculation with massive capital. Individual participation only emerged later, facilitated by brokers serving as middlemen. This genesis is important since it helps us understand much of the tension that individual traders experience. What you see as the interbank rate on MT4 is not the real market rate. It is a quoted price, which FXCM is gouged by your broker, sifted by liquidity providers and influenced by forces that make decisions several layers above your account. You are not truly participating in the underlying market. You are trading a simulation of it. 
Central banks would be the biggest players at the table and their actions produce some of the most price violent movements in forex capital markets. When the Federal Reserve changes the interest rates, it does not only impact the USD pairs, it has a trickle effect to virtually all currencies in the world since much of international trade and debts are expressed in dollars. Experienced traders often develop an instinct for Federal Reserve meeting cycles. They follow the dot plots, decipher the language of the press conference, follow the dissenting votes. The fact that Jerome Powell is clearing his throat in the opposite direction can cause EUR/USD to change by 80 pips before most retail traders has even read the headline. It sounds excessive. It is excessive. It is also normal as well in this market. This is position sizing, which most losing traders should have considered more seriously in the past. Not the system. Not chart tools. Not simply missing the perfect entry. But rather basic, often ignored position sizing. A trader who has a 2 percent risk in each of his trades with a 5000 dollar account is exposing himself to 100 dollars per trade - not very comfortable in case a trade is lost, but can be survived. However, risking 10 percent means one losing streak could lead to a serious financial and emotional setback. Foreign exchange capital markets will generate losing streaks. Every trading system experiences this. Those traders who manage to survive long enough to become good are those that calculated their positions in such a way that they did not get forced out of the business by those inevitable losing streaks. Risk management is not the dull aspect. It is the real game
Central banks would be the biggest players at the table and their actions produce some of the most price violent movements in forex capital markets. When the Federal Reserve changes the interest rates, it does not only impact the USD pairs, it has a trickle effect to virtually all currencies in the world since much of international trade and debts are expressed in dollars. Experienced traders often develop an instinct for Federal Reserve meeting cycles. They follow the dot plots, decipher the language of the press conference, follow the dissenting votes. The fact that Jerome Powell is clearing his throat in the opposite direction can cause EUR/USD to change by 80 pips before most retail traders has even read the headline. It sounds excessive. It is excessive. It is also normal as well in this market. This is position sizing, which most losing traders should have considered more seriously in the past. Not the system. Not chart tools. Not simply missing the perfect entry. But rather basic, often ignored position sizing. A trader who has a 2 percent risk in each of his trades with a 5000 dollar account is exposing himself to 100 dollars per trade - not very comfortable in case a trade is lost, but can be survived. However, risking 10 percent means one losing streak could lead to a serious financial and emotional setback. Foreign exchange capital markets will generate losing streaks. Every trading system experiences this. Those traders who manage to survive long enough to become good are those that calculated their positions in such a way that they did not get forced out of the business by those inevitable losing streaks. Risk management is not the dull aspect. It is the real game