In the world of foreign exchange trading, key market players express concern over a phenomenon they term a “liquidity mirage.” Many believe that the rise of numerous trading platforms intertwined with automation creates an illusion of market depth. In reality, a retreat by major institutions has led to diminishing liquidity. This perception raises significant questions about how trades are executed and managed. As automated trading becomes more prevalent, traders must be wary of the effects on liquidity and market stability. Understanding and navigating this evolving landscape presents challenges for even experienced market participants.