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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
megajorko 13 Nov.

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
megajorko 13 Nov.

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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60 Minutes Show

This weekend on CBS channel the 60 minutes show has put on the spot line the things that are currently wrong with the stock market.
Not only that it exposed the bad thing that HFT is doing to the market place but also it seems that after the show has exposed those HFT "games" FBI is now probing HFT. FBI said to probe High-Frequency Trading over abuse of information.
Also the mainstream media has generate a lot of Buzz around this subject in the last 48 hours. Of course there is more behind the c…
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Convallium avatar

Wow) cool!

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