Is forex market controlled by someone? - page 9

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Angelnish:
As per my knowledge there is some Name "Inter bank" where all these brokers are supposed to send our order requests Instantly, But some brokers will send some don't send. So if we loose that trade then broker who didn't sent that Order to Interbank will get whole our loss amount into his profit. If they send orders then only they will get Spread only nothing else

This inter bank does not have brokers, they are dealers and some are market-makers, they quote fx prices to the brokers. When they send out orders they get very narrow to zero "0" spread. Is not that they don't send our orders, they offset all orders in their dealing room then they will place their own orders for the outstanding side of the trade either buy or sell.

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ezekiel chew:
The forex market is too huge and no one can control it. The forex market are at all times monitor by the central banks. It is a fair market.

only the naive or beginners believe forex is fair and not manipulated

the article spells it out in back and white - and there is masses of the same on the internet

i did nt write it, but after reading quite alot of the same a few yrs ago,

i believe

who runs and owns the central banks? - the same as those in the article

no-one should spend all there time on you-tube or google finding out the truth, as the truth hurts - but one should know thy enemy

and why is it the market loves the numbers 6,6,6 so much ??

a point i was trying to make in my last post was - if you had all the money in the world (as some do) - what would others do ?

would they control the stock market or would they leave it genuinely fair?

google is your friend - not the central banksters

 

Of course it is. Just see the news in these days : good US news, $ goes down. Bad US news, $ goes up. They are simply waiting for enough volume on the opposite side (they can not trade against themselves and get money from their own pockets).

 

Everything You Need To Know About How Algorithms Are Controlling Our World

Algorithmic trading evolved because institutional traders had the same problems the U.S. Air force had, which is that they're moving these huge positions... and they're moving a million shares of something through the market, and if you do that all at once it's like playing poker and going all in, you tip your hand. So they have to find a way... to break up that big thing into a million little transactions, and the magic and the horror of that is that the same math you use to break up the big thing into a little things can be used to find a million little things and sew them back together and find out what's actually happening in the market. So if you need to picture what's happening in the stock market now... is a bunch of algorithms that are programmed to hide and and bunch of algorithms programmed to go find them and act. And all of that's great... and that's 70% of the operating system formerly known as your pension... what could go wrong? What could go wrong is that a year ago 9% of the entire market just disappears in 5 minute, they call it the Flash Crash of 245...and nobody to this day can agree as to what happened, because nobody ordered it, nobody asked for it, no one could control what happened. All they had was a monitor in front of them that had the numbers in front of it, and a button that said STOP... We're writing things that are illegible, we're rendering things illegible.

TED Talk Algorithms

 

High-Frequency Trading Prospers at Expense of Everyone

Finally, a bit of evidence, rather than anecdote, about the costs of high-frequency trading.

In a new study, Andrei Kirilenko, the chief economist at the U.S. Commodity Futures Trading Commission, along with researchers at Princeton University and the University of Washington, examined high-frequency trading in a futures contract called the e-mini S&P 500, between August 2010 and August 2012.

The study looked at only the expiring contracts (which trade electronically on the Chicago Mercantile Exchange) that are used to bet on the direction of the Standard & Poor’s 500 Index. The researchers also did something they’d never been able to do before: Use actual trading data from individual firms, though none were identified.

What that data does is help explain the frenzy in today’s markets: The most aggressive firms tend to earn the biggest profits, hence the incentive to trade as quickly and as often as possible. Furthermore, these traders make their money at the expense of everyone else, including less-aggressive high- frequency traders.

The study found that the most hyperactive trading firms earned an average daily profit of $395,875 in the e-mini S&P 500 contract over the two-year period. First and foremost among those on the losing end: small retail investors. The study found that, on average, they lost $3.49 on every contract to aggressive high-frequency traders.

High-Frequency Trading Prospers at Expense of Everyone - Bloomberg

 

Deutsche Bank Derivative Helped Monte Paschi Mask Losses : details here

Don't forget that Deutche Bank is the largest single forex trader

 

I "liked" this quoted part first :

The benchmark rate for more than $300 trillion of contracts was based on honesty. New evidence in banking's biggest scandal shows traders took it as a license to cheat.

but the rest is not bad either :

Events like those that took place on RBS’s trading floor, across the road from Bishopsgate police station and Dirty Dicks, a 267-year-old pub, are at the heart of what is emerging as the biggest and longest-running scandal in banking history. Even in an era of financial deception -- of firms peddling bad mortgages, hedge-fund managers trading on inside information and banks laundering money for drug cartels and terrorists -- the manipulation of Libor stands out for its breadth and audacity.
For years, traders at Deutsche Bank AG, UBS AG, Barclays, RBS and other banks colluded with colleagues responsible for setting the benchmark and their counterparts at other firms to rig the price of money, according to documents obtained by Bloomberg and interviews with two dozen current and former traders, lawyers and regulators. UBS traders went as far as offering bribes to brokers to persuade others to make favorable submissions on their behalf, regulatory filings show.

Worth reading of : Libor Lies Revealed in Rigging of $300 Trillion Benchmark

Might shed some ligth at what (who) are we actually dealing with

 

I dont think so that forex control by any specific ..forex rules and regulation are almost only some rules change according to contry to country.

 

Forex market is not controlled by any one, it is a random market where some news impact take place or some big institutions effect for little but not on most of the time.

 

Forex market is controlled by me...

No it's a joke.

Big players as Deutsch Bank with EUR could have an impact in some pairs sometimes but as "individual traders" you will not have the information....

The Central Bank of each country control their money (Bank of Japan for the JPY for example) and their policy influence directly the Money. For example the Swiss National Bank don't allow to trade the EUR/CHF under 1.20 and make huge intervention to weak their own money againt Euro.

Then the *FOREX* is controlled by the central bank of each countries , we can say that but you can't have the right information to play with it...only see the result in the charts.

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