Speaking at Forex Expo Dubai 2026, the world’s most-attended forex event, Italian entrepreneur and investor Tommaso Caratelli called on the trading industry to choose sustainability over easy promises. In a market trading $9.6 trillion a day, he argued, traders do not lack opportunity. They lack discipline, risk management and transparent automation. He presented Ascendra AI, a risk-first automated trading system that excludes martingale and grid strategies and publishes its live results on Myfxbook.

Italy, 12th Nov 2026 – Tommaso Caratelli, Italian founder, investor and speaker, took the stage at Forex Expo Dubai 2026 with a message aimed at both traders and the wider industry: online trading can only regain credibility if automation is built around risk management rather than around the appearance of profit.

Held on 22–23 September at the Dubai World Trade Centre, the ninth edition of Forex Expo Dubai broke its own Guinness World Records title for the largest attendance at a forex event, with 23,816 attendees, 270 exhibitors and 150 speakers across five stages. It was Caratelli’s second appearance at the event, following his talk earlier this year at Money Expo Colombia in Bogota.

A booming market, uneven outcomes

Caratelli opened by setting out the scale of the industry. According to the Bank for International Settlements’ 2025 Triennial Survey, global foreign exchange turnover averaged $9.6 trillion per day in April 2025, up 28% from 2022. Leading retail brokers also reported record figures for 2025: Plus500 posted $6.5 billion in total customer deposits, XTB surpassed 1.19 million active clients, and Interactive Brokers reached nearly $780 billion in client equity.

“Looking at all these ambitious people, I asked myself a simple question: if the opportunities are so massive, why isn’t everyone a millionaire?” said Caratelli. “Because the market alone doesn’t determine success. The person behind the decisions does: their skills, their beliefs, their clarity of purpose, and their ability to adapt when things get difficult. Most people don’t fail because they lack opportunities. They fail because they keep being the same person while expecting different results.”

“I left one boss and found a far more demanding one”

Caratelli drew on his own experience. Years ago he left a managerial role at a multinational company to pursue the freedom that trading is often said to offer.

“I had left one boss only to find a much more demanding one: the market,” he said. “Hours in front of charts, checking positions during dinner, waking up at night to see what gold was doing, holidays that weren’t holidays. I wasn’t free. I was on call 24 hours a day.”

The problem is not automation, but hidden risk

According to Caratelli, many traders who fail to find that freedom turn to Expert Advisors (automated trading programs), often with disappointing results. Many systems available online only work on the historical data they were optimised for, rely on high-risk techniques such as martingale or unprotected grid strategies, or display smooth equity curves for months while concealing risk that surfaces all at once.

“These systems are built to look infallible, not to be infallible,” he said. “The loss doesn’t disappear; it is simply postponed until the market presents the bill. The problem isn’t automation. It’s automating risk to sell a feeling of profit. If a system forces you to check it every hour because it might blow up, it hasn’t freed you. It has only changed the kind of anxiety you have.”

Ascendra AI: a risk-first approach

As an example of an alternative approach, Caratelli presented Ascendra AI, an automated trading system developed over several years with a team of developers. It is designed to operate over the medium to long term with controlled risk rather than to maximise short-term returns:

• each trade is a single position with predefined stop loss and take profit, targeting a 1:4 risk-to-reward ratio;
• risk per trade is set in advance, and position sizing adjusts dynamically to account equity;
• trailing stop and break-even mechanisms are built in to protect accrued gains;
• martingale and grid strategies are excluded by design.

The system identifies key price levels and places pending orders; if market conditions are not met, the order is cancelled and the analysis restarts. Live-account results are published on the independent tracking platform Myfxbook.

A call to the industry

“Trading can only become credible again if the industry chooses sustainability over easy promises,” Caratelli said. “Automation built with rigour, transparency and serious risk management is one of the most concrete ways to get there. For traders, it means discipline and the chance to take back their time. For the industry, it means rebuilding the trust of everyone who has been let down so far.”

He closed his talk with the idea that ran through it: “Real freedom isn’t having no boss. It’s having a system that doesn’t ask you to sacrifice your life in order to work. No matter how big the market becomes, your next level requires a new version of you.”

About Tommaso Caratelli

Tommaso Caratelli is an Italian entrepreneur, investor and international speaker. After a managerial career at a multinational company, he moved into the financial markets, where he focuses on algorithmic trading, risk management and financial innovation. In 2026 he spoke at Forex Expo Dubai, Money Expo Colombia and FX.world in Rome, advocating for sustainable, transparent automation in retail trading.

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At Forex Expo Dubai, Tommaso Caratelli Urges Traders to Choose Sustainability Over Easy Promises