Collaborative Trading to control market

Hey everybody-
is there any way we could get organized to assure a mutual profit? If we all agree to do specific actions, and enough people do those actions, can't we start controlling the market that way? I don't know what percentage of traders use forex factory but I'm fairly sure there is a way to have people gain access to this market via collaborative efforts.

Perhaps the biggest obstacle facing rookie traders right now is that the market is so volatile. However, transparency is what separates an expert from a novice. When it boils down to it, all traders operate on a schedule of trade. Somehow we need to organize this.

No.

Market volatility is what generates profits. I am very happy to take advantage of others' inexperience and foolhardiness.

Creepy, freaky and refreshing.

In stocks (and gambling), well yeah, it's done all the time. Forex, no. (a thought: Perhaps a byproduct of this is that stock marketmakers charge commission, with the opposite being true in forex, where marketmakers get their cut from market flow.)

Enough info, even bucket shops' fractured version of info, is there for anyone to have a go at.

To me, people control other people because of their behavioral habits and particular situation. Forex offers the polar opposite: The market is an infinite number of people in one situation (well, relatively, one, there being much fewer currencies than public co's). This tends to soften the spikes and create a greater number of trading opportunities.

Plus, this makes forex an amalgam of human behavior. Then, to control the market, you can only control your understanding of the behavior of the chart. I've yet to see anyone get close to doing this, and being able to accept this compound lack of control is, I've read, a key feature of a successful gambler or trader.


If you were going for more transparency of information, then of course. In a market with nearly infinite volume, bro kers found a way to make the information worse than for a stock trading 100k shares a day.
ff already does a great service on this path. One way is discussing forex bro.kers. So, another way is finding a non-marketmaker, commission-charging bro.ker. (I guess there's no exact equivalent in the stock market. Share limit /level 2 / extra leverage included: Extra speed and trades are just more dangerous. )

LOL this made me laugh.

I'm sorry my friend, but forexfactory members cannot move a worldwide market. We're less then 1% of the traders in the world.

The breadth of the Forex market is actually rather overstated in most cases.

Theoretically could this be done? Yes. However, you would run in to the case of the prisoners dilemma, where one side would end up screwing the for excessive profits.

However, getting back to can this be done. Although most people view the Forex market as this unmovable beast, the truth the of situation is often times it is not. Due to the high leverage that is given to retail customers (due to relatively low volatility in currency market compared to other markets) numbers such as over "2Billion in transaction a day" are grossly overstated.

Hypothetically if you were to pool 100 traders each with $100,000 and use leverage of 50:1, they could command a total of $500,000,000 in value an amount easily large enough to move the market in a single day.

Take this in to account and the fact that there are often times of very low volume and you have recipe for market collusion.

In the end though there are far too many factors that could go wrong in this type of event and is why you do not hear about this happening.

I'm in. Let's all go long USD/JPY at 12 pm EST this Saturday.

True, and if you did place an order that large you would have to split it into blocks and order into a pool of liquidity and exit the position the same method. Otherwise your average order would be higher or lower than the price you first ordered on.

There are examples of central banks not even being able to control their freely floating currency. Take a look at recent rumors of intervention (manipulation) by the Swiss National Bank http://www.ft.com/cms/s/0/4e2a6ed0-5...44feabdc0.html

Maybe you should be trading the rumor instead.