For all the freshmen out there: FX manipulation/Forex scandal

N

Nighthawk

Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging

https://www.cnbc.com/2019/05/16/eu-regulators-fine-five-banks-for-forex-rigging.html

Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel

https://www.cnbc.com/2021/12/02/bar...uisse-ubs-fined-for-forex-trading-cartel.html

FCA fines Barclays £284,432,000 for forex failings

https://www.fca.org.uk/news/press-releases/fca-fines-barclays-£284432000-forex-failings

....Barclays engaged in collusive behaviour in which traders from different banks, including Barclays, formed tight knit groups and communicated through electronic messaging systems including chat rooms. Certain groups described themselves or were described by others using phrases such as “the players” – one chat room participant referred to himself and others in the chat room as “the 3 musketeers” and commented “we all die together”.....


:sneaky: For all the freshmen and rookies out there "thinking" Forex Markets are a fair playground.....:rolleyes: NO, FX MARKETS ARE NOT A FAIR PLAYGROUND.
 
Always trade with the trend/direction of the FX manipulators.
Be alert, and don't enter too late.
Don't trade against the trend / FX manipulators.

Of course, you don't know where/who the manipulators are.
So just focus on the charts.


Freshmen and rookies and all, don't fear the FX manipulators.
Be thankful to the FX manipulators for they also provide
trading opportunities.

Make sure you press the BUY and SELL BUTTONS in the
correct sequence.

Don't look for PROBLEMS.
Look for OPPORTUNITIES.

 
Last edited:
This news is as old as the hills. Unless you were in Shell's corporate treasury mindlessly handing over your orders to the FX desks, it's as Maxinger says a source of opportunity not problems.
If you want to know who's doing it, it's surprisingly simple - you just need to get your hands on a data feed with quotes from all the tier 1s
 
For something like this, you should call and ask
  • Mike Sant 07734667938
  • JD 07458192387
  • Tony Lee 07771793748
  • Hensons 07779991471
  • Ben Moore 07944430677
  • Abbotts 07815011392
  • JW 07930174374
  • Stuart Stockton 07817549608
  • HG Decor 07751681557
 
maxinger said:
Always trade with the trend/direction of the FX manipulators.
Be alert, and don't enter too late.
Don't trade against the trend / FX manipulators.

Of course, you don't know where/who the manipulators are.
So just focus on the charts.


Freshmen and rookies and all, don't fear the FX manipulators.
Be thankful to the FX manipulators for they also provide
trading opportunities.

Make sure you press the BUY and SELL BUTTONS in the
correct sequence.

Don't look for PROBLEMS.
Look for OPPORTUNITIES.
More...
Exactly , just trade the charts or Dom.
 
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