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In this article I will show you the way I look at the market now. At the very beginning when I started trading I was excited about all different kind of indicators and strategies. Time went by and I still could not figure out what am I doing wrong as I had read lot of text books and watched hundreds of videos. I studied candle sticks, price action , then combined everything together and still could not figure out what am I doing wrong. I have always wanted to know a reason behind everything what happens, including the forex. I started to ask myself what is really moving the price. Not having much trust in many things in this world, I also started to question all the information regarding financial markets and trading that is so easily available to everyone. Basically I started to think outside the box and sure enough, I started to see things the way I never did before.
Forex and any other markets are manipulated 24/7. You can see the same patterns over and over.Only few major banks control almost 80% of all Forex market. These banks have even admitted rigging markets and have been fined for that with billions of $, but all that is quickly forgotten and practically not covered by …
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WallStreet6 avatar

Interesting! The big fish inevitably have an inpact on the market.

alexandrugabriel avatar

i dont understand why you call it manipulation ... because it's not , it's just banks who enter and exit positions simple as that , but sometimes when we loose money that conspiracy theories who have been in our heads from all the crazy youtubers and they'r "inactive" brains who have nothing to do than to imagine things ... in my opinion this is not manipulation , and its something normal ... you can't expect the market to move just in one direction or to be simple as 2+2 to trade ... then everyone will be rich and this is not good :)

pjazzopardi avatar

Do the banks rig the game, well this article suggests they do. http://www.bloomberg.com/news/articles/2015-05-20/six-banks-pay-5-8-billion-five-plead-guilty-to-market-rigging

Steeart2020 avatar

How do you see "current" stop orders of all types for any given market or currency pair?

Steeart2020 avatar

How do you find out what stop orders exist in the market?

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6/46
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Hi your old pal Jock Pippin here back with another tale from Forex land . You might know the story of the 4' O'clock boys,you might not ! .
I just want to explain how they did what they did . As to why they did what they did ...Well that's easy.,it's because they thought and still think they are too big to fail and too big to jail .Arrogant,obnoxious bastions of greed .
Yes they got their knuckles wrapped . OUCH !! ,and the Banks the traders worked for got fines in the £ Billions(and counting).
No lessons were learned and no moral standards attained.
Ladies and gentlemen and members of the jury please meet the 4 O'Clock boys.
Traders using private chat rooms and calling themselves “the 3 musketeers”, “the players”, “1 dream, 1 team”, “a co-operative” and “the A-team” were uncovered during the regulatory investigation into foreign exchange rigging.Hundreds of pages of documents released by the Financial Conduct Authority (FCA) and the Commodity Futures and Trading Commission show the way that traders tried to manipulate the crucial foreign exchange price – known as the “4 pm fix” – to make profits.
The 4 pm Fix
The Forex market is a 24 hour market , it's not easy to see how much …
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driven avatar
driven 22 Mar.

I'm surprised you're able to keep a positive attitude when you trade. I'm not saying you're wrong about some the shady stuff that goes on, I just assume most traders block it out in order to keep their sanity.

JockPippin avatar
JockPippin 23 Mar.

They block it out because of greed . You can sit and tell them all day ...But the chance to make easy money is too strong :)) . Then when things go wrong they assume they made a stupid mistake and go again next time .

Natalia_Kisenko avatar

Very intresting! Do you make money using the information? )

JockPippin avatar
JockPippin 31 Mar.

Forex is all calculated luck and anybody that thinks different is a **** :))) .

DEMO2TZeHs avatar
DEMO2TZeHs 17 Apr.

Excellent report.  I certainly am not shocked, although it is an eye opener. 

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4/46
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As a professional trader it's important to know when and what instrument to trade, as well as knowing when not to trade and "sit on your hands". Preservation of capital during times of low profit probability is essential for a long term trading career. During this time of the year traders are likely to perform poorly as market conditions aren't good, and during this time traders must exercise discipline and cease trading. Christmas is a time for families and a relaxing time spent with loved ones. So do yourself a favor and take a break. The markets and opportunities will always be there when you get back. This may be the best trading decision you can make during this time and as well you can recharge your mental batteries for when you'll start trading again.
  • Why "Not Trading" is Important

Knowing when not to trade is as important as know when you should make a trade and experience traders know that trading during holiday time has is shortfalls. Many newbies, often fell the need to be in the market all the time even when market conditions aren't in traders favor, and trading during the Christmas time fall exactly in this category. For a newbie trader holiday trading can be ver
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nick21 avatar
nick21 18 Dec.

Low liquidity is olso on Monday,there are not news.Very interestind article D.

Mani avatar
Mani 19 Dec.

i like your article

FXdream avatar
FXdream 20 Dec.

nice+++

scramble avatar
scramble 24 Dec.

I'm for the "recharge" !

ilonalt avatar
ilonalt 26 Dec.

interesting :) good luck!

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22/35
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I want to talk about an situation that majority of traders deal with,and that is the possible lines of credit and also margin use.I think one of the most important things to have among technical skills in trading that means a good strategy involving the margin use and also strategic points of buying and selling, is having a certain level of funds to trade .Why having funds is so important to be a successful trader in currency markets ?Because they provide the space need to your pairs to breed for example if you use 5% to 10% of your required margin and you have a account with like 100 000 Usd and you are a stable trader with a secure plan of trading that means never over-leverage your trades, and you have an realistic expectation of 5% to 20% of monthly profits, you will be making 10.000 to 20,000 per month and that is much comfortable in the markets because you make money that is enough for you to have a comfortable life and less stressed about possible profits .In my opinion currency trading can be much less risky than stocks and other type of assets, if you have a correct plan and that is because in general currencies don`t move more than 300 pips a day and the rebound way up or…
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captain avatar
captain 17 Jan.

You are right. Having a healthy amount of capital is important. Many institutional traders do not think in terms of risk per trade like us retail traders. They have lines of credit.

charmtrader avatar

Is most important ... Great that someone wrote about this... A+

CIAO avatar
CIAO 21 Jan.

money management is the key, including position sizing

ante777 avatar
ante777 21 Jan.

Good advice, thank you.

SpecialFX avatar
SpecialFX 24 Jan.

While I do agree with the article in general, there's one thing I don't agree with, when you say "realistic expectation of 5% to 20% monthly profits". Using the 20% figure, if the trader compounds it every month, after 12 months he would have a 792% increase in his capital. The only way someone will achieve those extreme returns is by using a lot of leverage, and consequentely having really big drawdowns. 5% may be realistic, more than that over a long period of time is only achievable my only a handful of traders. It's not realistic to expect to make 800% per year in the long run :)

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