What is Forex Rigging ? - Forex Education

First arrest made in forex market rigging investigation - A City banker has been arrested by the Serious Fraud Office in connection with its investigation into the rigging of the £3.5 trillion-a-day foreign exchange markets.

First arrest made in forex market rigging investigation - A City banker has been arrested by the Serious Fraud Office in connection with its investigation into the rigging of the £3.5 trillion-a-day foreign exchange markets. submitted by eyeofthestorm to economy [link] [comments]

Banks hit by record $5.7bn fine for rigging forex markets

submitted by whencanistop to ukpolitics [link] [comments]

The Wolf of Wall Street - the Rigging of the Libor, Forex and Gold Markets and the 40 Trillion Dollar Heist of the Bail out and QE - Esoteric Movie Review by Satchidanand

The Wolf of Wall Street - the Rigging of the Libor, Forex and Gold Markets and the 40 Trillion Dollar Heist of the Bail out and QE - Esoteric Movie Review by Satchidanand submitted by moonbathing123 to conspiracy [link] [comments]

Banks hit by record fine for rigging forex markets

Banks hit by record fine for rigging forex markets submitted by bickering_fool to unitedkingdom [link] [comments]

Forex Markets Are Rigged (And No-One Seems To Care)

Forex Markets Are Rigged (And No-One Seems To Care) submitted by jbmarwood to jbmarwood [link] [comments]

[#6] Banks hit by record $5.7bn fine for rigging forex markets. [worldnews] 0 comments

submitted by amProbablyPooping to undeleteWorldNews [link] [comments]

Regulators Slap Over $3B In Fines On Global Banks For Attempted Rigging Of Forex Markets

Regulators Slap Over $3B In Fines On Global Banks For Attempted Rigging Of Forex Markets submitted by rotoreuters to betternews [link] [comments]

Keiser Report 612 - In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss chumming in financial markets being the rigging of prices and indexes, like Libor, forex and gold, which convinces people it is safe enough to get back into the markets.

source link: Keiser Report 612 - In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss chumming in financial markets being the rigging of prices and indexes, like Libor, forex and gold, which convinces people it is safe enough to get back into the markets.
poster: muffalettadiver, original conspiracy link
Discourse level: 100%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

Chatty traders face criminal probe for rigging forex market

submitted by rssr to test16 [link] [comments]

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets submitted by axolotl_peyotl to conspiracy [link] [comments]

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets submitted by Plowbeast to finance [link] [comments]

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets

submitted by axolotl_peyotl to news [link] [comments]

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets [auto-x-post - OP was axolotl_peyotl]

submitted by fringebot5001 to fringediscussion [link] [comments]

Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets

source link: Investors Sue 12 Banks, Allege Conspiracy to Rig Forex Markets
poster: axolotl_peyotl, original conspiracy link
Discourse level: 100%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

That’s totally normal trading. Nothing to see here folks. Please move on.

That’s totally normal trading. Nothing to see here folks. Please move on. submitted by coinminingrig to Bitcoin [link] [comments]

Big investors sue 16 banks in U.S. over currency market rigging. Top banks hit with antitrust suit.

Big investors sue 16 banks in U.S. over currency market rigging. Top banks hit with antitrust suit. submitted by yellowsnow2 to conspiracy [link] [comments]

Tips From A Lifer

I’ve been reading these posts on an off for quite some time now and it saddened me to see someone had recently posted their “I quit the game” statement. We all walk through fire to stand in the green valley...and the journey has to be made on foot. And alone. And it’s tough.
In response, I wanted to add a list of pointers for people starting out in this insane game and to address what I’ve learned from over a decade of trading Forex. It’s long-ish but it’s based on reality and not a bunch of meaningless retail junk systems and “insider knowledge” by nitwits on YouTube or some 19-year old “whiz kid” who apparently makes ten billion dollars a week with a mystical set-up that’ll only cost you $1,999 to buy!
I became a profitable trader by keeping everything simple. I lost thousands when I started out, but I look back now and realise how easily I could’ve avoided those losses.
Keep Everything Simple.
For the sake of disclosure, I worked for Morgan Stanley for over a decade in fixed income but learned almost everything I know from the forex guys whom I got to know as good friends. They make markets but there’s still a lot to learn from them as a small fry trader. I got into all this as a hobby after annoying the traders with questions, and all these years later it still pays me. There are still occasional nightmare accidents but they’re far rarer to the point where they don’t affect my ROI.
Possibly the most clear statement I could make about Forex trading in the large institutional setting is actually a pretty profound one: Forex traders are not what you think they are: every single forex trader I ever worked with (and who lasted the test of time) had the exact same set of personality traits: 1. NOT ONE of them was a gung-ho high-five loudmouth, 2. Every single one of them analysed their mistakes to the point of obsession, 3. They were bookish and not jocks, 4. They had the humility to admit that many early errors were the result of piss-poor planning. The loudmouths last a year and are gone.
Guys who last 5, 10, 20 years in a major finance house on the trading floor are nothing like the absurd 1980s Hollywood images you see on your tv; they’re the perfect opposite of that stereotype. The absolute best I ever met was a studious Irish-Catholic guy from Boston who was conscientious, helpful, calm, and utterly committed to one thing: learning from every single error of judgement. To quote him: “Losing teaches you far more than winning”.
Enough of that. These points are deliberately broad. Here goes:
  1. Know The Pairs. It amazes me to see countless small account traders speak as though “systems” work across all pairs. They don’t. Trading GBP/CHF is an entirely different beast to trading CHF/JPY. If you don’t know the innate properties of the CHF market or the JPY or the interplay between the AUD and NZD etc then leave them alone until you do. —There’s no rush— Don’t trade pairs until you are clear on what drives ‘commodity currencies’, or what goes on behind currencies which are easily manipulated, or currencies which simply tend to range for months on end instead of having clear trends. Every pair has its own benefits and drawbacks. Google “Tips on trading the JPY” etc etc etc and get to know the personality of these currencies. They’re just products like any other....Would you buy a Honda without knowing a single thing about the brand or its engine or its durability? So why trade a currency you know nothing about?
  2. Indicators are only telling you what you should be able to see in front of you: PRICE AND MARKET STRUCTURE. Take everything off your charts and simply ask one question: What do I see happening right here and right now? What time frame do I see it on? If you can’t spot a simple consolidation, an uptrend, or a downtrend on a quick high-versus-low time frame scan then no indicator on the planet will help you.
  3. Do you know why momentum indicators work on clear trends but are often a complete disaster on ranges? If not, why not? Do you know why such indicators are losing you tons of trades on low TFs? Do you actually understand the simple mathematics of any indicator? If the answer to these questions is “no” then why are you using these things and piling on indicator after indicator after indicator until you have some psychedelic disco on your screen that looks like an intergalactic dogfight in Star Wars? Keep it simple. Know thy indicator.
  4. Risk:Reward Addiction. The greatest profit killer. So you set up your stops and limits at 1:1.5 or whatever and say “That’s me done” only to come back and see that your limit was missed by a soul-crushing 5 pips before reversing trend to cost you $100, $200, $1000. So you say “Ah but the system is fine”. Guys...this isn’t poker; it doesn’t have to be a zero sum game. Get over your 1:1.5 addiction —The Market Does Not Owe You 50 Pips— Which leads to the next point which, frankly, is what has allowed me to make money consistently for my entire trading life...
  5. YOU WILL NEVER GO BROKE TAKING A PROFIT. So you want to take that 50-pip profit in two hours because some analyst says it’ll happen or because your trend lines say it has to happen. You set your 1:1.5 order. “I’ll check where I’m at in an hour” you say. An hour later you see you’re up 18 pips and you feel you’re owed more by now. “If I close this trade now I could be missing out on a stack”. So what?! Here’s an example: I trade in sterling. I was watching GBP climb against it’s post-GDP flop report and once I was up £157 I thought “This is going to start bouncing off resistance all morning and I don’t need the hassle of riding the rollercoaster all day long”. So I closed it, took the £157, went to make breakfast. Came back shortly afterwards and looked at the chart and saw that I could’ve made about £550 if I’d trusted myself. Do I care? Absolutely not...in fact it usually makes me laugh. So I enter another trade, make another quick £40, then another £95. Almost £300 in less than 45 mins and I’m supposed to cry over the £250 I “missed out on”?
£300 in less than an hour for doing nothing more than waiting for some volatility then tapping a keyboard. It’s almost a sin to make money that easily and I don’t “deserve” any of it. Shut off the laptop. Go out for the day.
Does the following sound familiar? “Okay I’m almost at my take-profit...almost!.....almost!....okay it’s bouncing away from me but it’ll come back. Come back, damnit!! Jesus come back to my limit! Ah for F**k’s sakes!! This is complete crap; that trade was almost done! This is rigged! This is worse than poker! This is total BS!!”
So when you were 50% or 75% toward your goal and could see the trade slipping away why wasn’t $100 or $200 enough? You need more than that?...really?!
So point 6:
  1. Tomorrow Is Another Day. Lordy Lordy, you only made $186 all day. What a disaster! Did you lose anything? Nope. Will the market be open again tomorrow? Yep. Does London open in just four hours? Yep. Is the NOK/SGD/EUR whatever still looking shitty? Yep. So let it go- there are endless THOUSANDS of trades you can make in your lifetime and you need to let a small gain be seen for what it is: ANOTHER BEAUTIFUL PROFIT.
Four or five solid but small profits in a day = One Large Profit. I don’t care how I make it, I don’t care if it’s ten lots of £20, I don’t care if I make the lot in a single trade in 30 seconds either. And once I have a nice sum I switch the computer off and leave it the Fk alone. I don’t care if Brexit is due to detonate the pound or if some Fed guy is going to crap all over the USD in his speech; I’ve made my money and I’m out for the day. There will be other speeches, other detonations.
I could get into the entire process by which I trade but it’s aggravatingly basic trend-following mostly based on fundamentals. Losing in this business really does boil down to the same appalling combination of traits that kill most traders: Greed, Impatience, Addiction. Do I trade every day? Absolutely not; if there’s nothing with higher probability trades then I just leave it alone. When I hit my target I’m out for the day- the market doesn’t give a crap about me and I don’t give a crap about the market, if you see my meaning.
I played poker semi-professionally for two years and it’s absolutely soul-destroying to be “cold decked” for a whole week. But every player has to experience it in order to lose the arrogance and the bravado; losing is fine as long as you learn from it. One day you’ll be in a position to fold pocket Kings because you’ll know you’re dead in the water. The currency markets are exactly the same in that one regard: if you learn from the past you’ll know when it’s time to get out of that stupid trade or that stupid “system” that sounded so great when you had a demo account.
Bank a profit. Keep your charts simple. Know the pairs. Be patient. Touch nothing till you understand it inside out.
And if you’re not enjoying the game....STOP PLAYING.
[if people find this helpful I might post a thread on the best books I’ve studied from and why most forex books are utterly repetitious bullshit].
Peace.
submitted by Dave-1066 to Forex [link] [comments]

First a shady real currency trading "simulator", and now we have a full-blown casino game with in-app purchases and tradable currency coming to Steam

I am making a post here, as the automod of Steam keeps flagging my post and the mods over there don't seem to be interested in reapproving it just like last time.
As some of you may have seen, more than a week ago I have posted a thread about a shady Forex market simulator on Steam which (my post) was later removed for bad title and then reposted by another concerned user (my explanation on it can be found here)
Well today I was again on my favorite link bookmark covering the very new Steam games being released and coming. And also today I found another shady "Simulator" game/app which is coming soon, it's called x2Roulette and it's exactly what it sounds like, an online multiplayer roulette, similar to those where you can gamble and forget your csgo skins.
I don't even need to explain much because the trailer uncovers pretty much all of it really (here is a direct trailer link)
Trailer breakdown:
{Edit: What it doesn't show is that besides many shady things it will most likely be also used for money laundering.}
The difference between Forex Trading Master and this is only that roulette is fully recognized as a casino game.
I don't know if this is what Steam meant when they said they don't want to control what genre of games is on their store, but this is just shady and dangerous for the whole Steam userbase and future.
You can help by reporting the game on the store page and bringing it to attention of Valve.
submitted by TarOfficial to Games [link] [comments]

Investors sue 16 banks in U.S. over currency market rigging

From the reuters source:
The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan’s MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS. ...
The plaintiffs in Wednesday’s lawsuit accused the banks of violating U.S. antitrust law by conspiring from 2003 to 2013 to rig currency benchmarks including the WM/Reuters Closing Rates for their own benefit by sharing confidential orders and trading positions.
submitted by goodDayM to investing [link] [comments]

London forex trader sues Citigroup over 'malicious' forex prosecution

This is the best tl;dr I could make, original reduced by 52%. (I'm a bot)
LONDON - A London-based former Citigroup trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S. prosecutors that led to his trial in New York on foreign exchange-rigging charges.
Rohan Ramchandani, the former European head of Citigroup's forex spot market trading desk, alleges in a lawsuit filed on Wednesday that Citigroup made false and "Gravely derogatory" assertions against him to government investigators and the media after firing him in 2014 without cause.
A spokeswoman for Citigroup in London said the bank rejected the allegations and would fight the case.
"Mr. Ramchandani's claims of malicious prosecution are without merit and we will contest them vigorously," she said.
He also alleges his manager at Citigroup, an experienced forex spot market trader tasked with reviewing and evaluating Ramchandani's communications, had volunteered that Ramchandani had not engaged in "Collusion or price fixing" and there was "Nothing criminal" in his intent or actions.
Citigroup only pleaded guilty in May 2015 to conspiring to manipulate currencies in order to pin the blame on Ramchandani and to limit the regulatory consequences for their senior managers and officers, the former trader alleged.
Summary Source | FAQ | Feedback | Top keywords: Ramchandani#1 Citigroup#2 alleges#3 trader#4 market#5
Post found in /worldnews.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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TRADE KEY LAB: Learn The Right Ways Of Trading Forex p6

Forex is the market with the largest movement worldwide by a long shot - 5 trillion US Dollars worth of daily trading volume!
Naturally, this type of of movement attracts a lot of traders from the retail space.
Smaller, private investors, looking to make a whole lot of money with very little effort.
They get a trading account, transfer thousands of dollars into it (or Euros etc, depending on where they are).
Then, the problems start. Alongside their broker, they start making trades, educated by the resources on their broker’s platform.
Without practice or experience.
In the end, between 80 and 95 percent lose their savings to the dream of making it big as a trader.
The issue here is not that it is hard to make a profit in Forex - which it can be.
But rather that traders that are new to the market, start out with the worst conditions, surroundings and education for long term success.
Let’s go through it:
  1. They start out with no practice, usually on the first day of opening their account.
  2. They trade with a broker that does not have their best interest in mind - on the one hand, the broker only gets paid when the trader makes a lot of trades, since they get a percentage. So they want the traders to risk as much as possible, as quickly as possible, to get paid.
  3. The brokers often take the opposite side of the trade of their customers - since their brokers fees aren’t enough to make a profit for themselves.
  4. The education provided and applied in daily trading practices, comes from the mentioned brokers. A conflict of interest - someone who makes more money if you risk yours to the point of going broke, is not a proper source of education that actually helps you turn a profit!
These are the major issues with the current landscape of the Forex Trading industry on the retail side.
New traders and veterans alike are getting pushed until they have essentially burned their money.
A very shortsighted approach - in a trading field, in which day trading may make sense - but where those who take longer positions and apply their risk averse strategies over time, actually grow their portfolio.

Sounds like a rigged game, right?
One could consider it to be.
So where does one get the proper education as a beginner, or as a veteran who would like to mitigate their risk and keep their hard earned money in their own pocket?
We offer a learning environment for traders, in which a proven strategy that has generated hundreds of thousands in profit over the long run - with a focus of preserving capital!
Where 80-95% of misguided traders lose their money, the track record of this strategy shows a 77% win rate!
Taught by an experienced Forex trader in the environment of an online trading institute - the Trade Key Lab.
Without conflicts of interest - none of us at the institute are brokers or get paid a fee by them for tricking our students!
If this type of solution sounds interesting to you, visit us at tradekeylab.com
submitted by TradekeylabOE to u/TradekeylabOE [link] [comments]

I believe in BTC (others too maybe) has serious long time value. That being said.....

I'm from the stock/bond/forex world. These gyrations in the alts are AMAZING. Is anyone else here just working the tape on the swings? I want to hear from TRADERS with real experience TRADING!
I don't know if its the lack of HFT or the people trading, but these markets act like a 'market' should. Retests, SMA respect, Fib respect, the whole shebang -- it's crazy to see it run so smooth. These markets have convinced me of the utter rigging of the larger financial markets.
submitted by Fleeting___Memeries to CryptoCurrency [link] [comments]

Is the Stock Market Rigged? Are FX Markets Rigged? How do bankers trade forex? Part 1: How the bankers ... Markets are Rigged. Using Charts and Technical Analysis ... Banks fined £2bn: What is currency rigging? Forex Market Manipulation Explained in Depth - YouTube Global Banks Fined Billions for Rigging Market [357] China’s malinvestments and the forex rigging settlement

Obviously it’s the case that many forex traders are just in the market for fun or to satisfy a gambling addiction. Otherwise, they would surely be taking this news more seriously. How To Protect Yourself. The truth is that self-delusion is a human trait that we all suffer from. If it makes life easier to bear then we have no problem altering our perception of reality slightly. For example ... While the very size of the forex market should preclude the possibility of anyone rigging or artificially fixing currency rates, a growing scandal suggests otherwise. (See also " Forex Trading: A ... Forex Market Rigging: Should We Not Worry? By J. Soedradjad Djiwandono Synopsis The most recent scandal involving banks and trader-bankers has led to record fines against the perpetrators of billions of dollars. Should we not worry about this? Commentary AMID PUBLIC anxiety if not confusion over the possibility of Grexit – Greece exiting Eurozone - due to the stalling of negotiations between ... How forex rigging takes place. The Bank of international settlements in 2013 conducted a survey, which indicated that the daily turnover was approximate $5.35 trillion. Most of the transactions in the forex market are speculative trades since the currency rates are constantly fluctuating. This makes it extremely suitable for financial institutions like hedge funds, banks that have access to a ... Forex rigging in the market is a feasible way, but only to an extent. Their sheer size and nature ensure that only any artificial change is temporary, and ordinary Forex traders are simply not large enough to be affected. Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of $1.2 billion by EU regulators for rigging the forex market. Forex rigging. share: Five banks have been fined over €1bn euros by the European Commission after traders acted together to rig the foreign exchange market. Four banks in the “banana split” cartel, Barclays, RBS, Citigroup and J P Morgan were fined a total of €811m. Three banks in the “Essex Express” cartel, Barclays and RBS again, plus MUFG were fined a total of €258m. This is ...

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Is the Stock Market Rigged? Are FX Markets Rigged?

U.S., British and Swiss regulators have fined five banks $3.4 billion for attempting to manipulate foreign exchange markets _ the latest penalties for an industry previously criticized for rigging ... Up Next: How do bankers trade forex? Part 2: Capital Management https://youtu.be/NDIByRE-qLQ Tap into 28 Years of experience in the Forex Market and find out... Are the markets rigged? Is the stock market rigged? Why can't we use charts alone to analyse the markets? Andre Minassian, self-employed medium-term trader a... Forex Investors Alliance is introducing the most Advanced Forex Academy to exist! All the services we offer have been combined into an extremely affordable m... Five banks have been ordered to pay up by UK and US regulators for rigging the foreign exchange market but what is currency rigging? Report by Claire Lomas. Report by Claire Lomas. Like our tunes? Is the market a rigged game? The market is rigged or is it? Are the stock markets rigged in someway or the other? Is the forex market rigged? Is the stock market rigged against the little guy? Why ... Ukraine’s parliament has passed a bill granting the government the authority to suspend payments on some foreign debts, raising the stakes amid tough talks w...

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