It doesn't sound like you've thought this through.
Technical analysis isn't typically based on patterns. Banks trade using TA (see Lehman Bros Forex trading handbook - available online) - it's not strange or unusual to trade a mean reversion strategy at HFT or retail trading levels. Nor a momentum strategy, or even trend following. Nobody serious trades the candlestick patterns you're referring to in algo trading.
There is enough data to train all forex pairs - tick data going back decades, for free, via Dukascopy and other sources.
You're spreading FUD, and while there is definitely a need for people to be cautious, your warnings are not based in reality.
Better to warn them about the 70-90% losing rate of all retail traders (reported officially by all UK brokers), or the perils of overleveraging, or the risk of gapping/illiquidity in crypto... I could go on. But not what you mention - that's a strawman.
Technical analysis isn't typically based on patterns. Banks trade using TA (see Lehman Bros Forex trading handbook - available online) - it's not strange or unusual to trade a mean reversion strategy at HFT or retail trading levels. Nor a momentum strategy, or even trend following. Nobody serious trades the candlestick patterns you're referring to in algo trading.
There is enough data to train all forex pairs - tick data going back decades, for free, via Dukascopy and other sources.
You're spreading FUD, and while there is definitely a need for people to be cautious, your warnings are not based in reality.
Better to warn them about the 70-90% losing rate of all retail traders (reported officially by all UK brokers), or the perils of overleveraging, or the risk of gapping/illiquidity in crypto... I could go on. But not what you mention - that's a strawman.