Insider Trading in Forex

okwon · Oct 15, 2003

Quote from lundy:

first, a person would have to know what the result of the event would be. Theres only 2 choices, up or down, and neither is obvious.

A bombing could rally the dollar for all u know.

Maybe so, but if you knew before hand that the BoJ was going to be buying large quantities of Yen at a certain time, there would be an obvious trade there. It might not be 100% certain to make the yen rise, but you definitely have an edge knowing that ahead of time and going long Yen.

jiacopel85 · Oct 15, 2003

This market is so huge and people have so many reasons for buying and selling, that it would be almost impossible to prove even if it was illegal.

josbarr · Oct 15, 2003

The market will be open to trade.

JayS · Oct 15, 2003

There are not any insider trading laws regarding forex or commodities.

Its perfectly legal and part of trading these instruments.

JayS · Oct 15, 2003

The below forum is a good source of information like this: (for future reference)

http://www.seclaw.com/ubbcgi/Ultimate.cgi

Corso482 · Oct 15, 2003

Wasn't George Soros investigated for insider trading? He trades currencies.

TRADERguy · Oct 16, 2003

Quote from Corso482:

Wasn't George Soros investigated for insider trading? He trades currencies.

Yes he was investigated, but if I recall correctly it had something to do with stock in France. It definitely was not about currency trading.

Corso482 · Oct 16, 2003

Quote from JayS:

There are not any insider trading laws regarding forex or commodities.

Its perfectly legal and part of trading these instruments.

Which I suppose makes TA even more important for trading them because you can be assured some big player always knows more than you do.