Daytrader21's Blog

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The FX Cartel Has Hit Again

I'm surprised that no one has made any attempt to write about yesterday's big story, which is the constant manipulation of the FX market that has been exposed once again by the FCA.
I guess this comes as no surprise as the dealers and the banks have always kept track of people’s positions and routinely trade against them. Even in the old days, the floor brokers gunned for stops and shared that info with the big players it seems old practice die hard, but as long as the market is a zero sum g
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megajorko avatar

I wrote yesterday a very short blog on this topic. It is very frustrating isn't it?

Daytrader21 avatar

megajorko Now the an regulatory body has exposed them it's making the things look worse than I thought and it's more than just being frustrated, when you thing that it's your money and mine at stake  and you have to deal with all this manipulation

VictoriaVika avatar

So, you are the first who write an article about this story, good!

megajorko avatar

Nobody has laughed at you at least all traders involved in trading for more than 3 -5 years know that there is a stop hunting in bank brokers. The problem is how to avoid being caught by them and is it possible to be on the green for a long term? Otherwise what are we doing, just wasting our time or what?

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Holiday Trading, Reasons to Avoid Holiday Trading

Next week we'll be entering in Christmas week, were the majority of market will either be closed or if opened the trading activity will be very low as is in the case of the Forex Exchange market. With the major banks being closed during the Christmas day, and we know that banks are the biggest participants in the Forex market, liquidity will dry away. Even during normal days liquidity will vary throughout each trading day differently. A low liquid market will tend to have prices moving more dram…
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geula4x avatar
geula4x 22 Gru

+1 Liked: Nice post on an important topic! :-)

HOANG_MAI_NHI avatar

very good, i will scalp :P

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