10 Banks Control Over 79% of Volumes

It is being said that the Forex Market is too big to be controlled. However, I would love to tell you that every action during active trading times is a determined action made by Smart Money (Banks). This is because the world’s leading banks control over 79% of the Forex volumes. And this provides the power to control the prices in the short run.

Why Do Banks Manipulate

Every buyer needs to have a seller present, and every seller needs to have a buyer of the same present. Banks have actually got massive positions, so they are required to create liquidity on their own. This is where the retail forex trader comes in. The majority of the retail traders are predictable because they are using the same technical trading tools (EA’s, Fibonacci, Elliot Waves, etc.). So, Smart Money uses this information to induce buying when they have to sell and induce selling when they have to buy from retail traders.

Everyone Can Learn to Track the Smart Money

If we could identify what Smart Money is doing, then we can make successful & profitable trades again and again. Because of banks’ massive positions, they leave their trail behind. This gives us the opportunity to identify it and take trades in the same direction as the banks are taking. Because we are trading the market which is controlled by the Big Banks, it makes sense to identify the direction in which the banks are taking their positions.

Banks drive the markets in 3 phases. Accumulation, Distribution, and Manipulation. Have you ever wondered why the Forex Market breaks important resistance and support points just before it turns in the opposite direction? This is because the Banks are hunting for stop-loss orders sitting at these important points so that they can fill their positions.

PriceAction team knows how exactly the banks and Forex market work, which is why we have been providing Forex trading signals for the last 2 years. Our signals enable traders to get top-notch profitable trades with sniper entries just like the banks. So our customers can prevent mistakes like losing hard-earned money in the following systems that don’t work. Click here to learn more about us.

Final Words

It is a fact that 96% of traders fail in this market. This is because the techniques used in the foreign exchange market are flawed. Traders try to apply strategies to the market which is not controlled by them. This is the reason for such a high failure rate in this market.