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In North America, unlike the rest of the world, Mr Joe Blow off the street can open a direct market access account and trade the markets. In the rest of the world, the only way to gain access to the markets is through trading for a professional firm in the city. As a result, what this has caused is an influx of people from North America who have not been professionally trained to trade the financial markets. This leads to two problems. The first being that the individual loses all their money because they have no professional experience or training, and secondly, amongst the retail community, false information about trading is distributed.
The forex market, many retail want to trade the forex market, however, due to the false information spread amongst retail traders, they fail to understand that the forex market is an over the counter interbank network and as a result is not a market for outright speculation trading.
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