Core Concepts Episode 2: Big Banks

26.03.21: No Nonsense Forex, Core Concepts Episode 2:

Best FX Trading Strategies: Big Banks

Who controls price? Who makes price move up and down in the markets?

Not us. It's US vs THEM.

Know your enemy. If you have a fight coming up, would you fight without knowing your enemy?
Our enemy is the Big Banks (Interbank):

Deutsche Bank, Citi, JP Morgan & Chase, HSBC, Most Chinese Banks.

What they do:

They need liquidity in the market to make price move up/down.

Where do they get the money from in order to do that? Me. You. Us.
When you lose, it goes to the big banks.
To avoid this; Don't be popular.
Ghost the Big Banks

Collectively, they can see where the money is sitting. E.g. If 60% are long on the Euro and 40% are
short, they know where the orders are.
If there are future long/short orders, they can see those too (take profit, stop loss) and how big they
are.
Big Banks operate on Black Jack Theory: You can't let people lose all of the time, because you
want people to feel good. To feel like they're winning, like they have a chance. You want them to
come back. Feed their ego.
Big Banks make you feel smart, and euphoric to make you believe you can win all of the time.

What you eliminate, is often more important than what you do. Humans are emotional.
Don't trade the news. News = Death.

News allows the Big Banks to openly manipulate price, because they see it as an opportunity to
open offload you without any repercussions.

Action Steps: Boo!

- [ ] Seek out new ways to trade.

- [ ] Have a plan in place.