I agree with Croesus, what's the problem? This whole issue about market manipulation is bogus.
It would help if, you Habib or Adams1, can explain what you mean by manipulation or describe the way in which yoy think the market is manipulated.
First of all, only banks and their commercial clients can significantly move the market, since they have the capital. If some small retail trader somewhere on the planet buys or sell a single lot, or worse a mini lot, that doesn't make the slighest dent in the price. But, as Croesus said, banks, or anyone who offers interbank buy/sell rates, don't know where your stops are. Only your broker does.
It's true that the big guys, at times, go stop-hunting, particularly in slow or thin markets, but that is not market manipulation. Otherwise anyone can call any price movement manipulation, especially if it goes against their own position or expectation. However, those guys don't know any more than you do. They look at their charts and determine where the likely stops are located (such as around support/resistance levels) and then may move price towards those levels. That's not necessarily guaranteed to work, though, because you never know whether another big player is trying to prevent that, if they or their clients have stops they're trying to defend. That's when you get erratic price movements. The beauty is, you the small retail trader, has the exact same information by just looking at the charts. When things move and you read the charts correctly you just follow along and you'll be on the right side of the trade most of the times.
Chris (Tradingmoney) said:
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if we can figure out who is moving the market we should also be able to figure out how to make profits on the movements. i don't think it is a conspiracy but if it is lets find out how to be on the side of the conspirators
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Knowing who is moving the market wouldn't do squat for you. The major players in the spot market are commercial and investment banks, followed by hedge funds and corporate customers. Among those guys, the standard trading lot is $10 million. Let's say you knew that XYZ Bank traded $1 billion a day, how is that info going to help you? You don't know whether they are buying or selling, or buying and selling, or how much they trade in each currency. One day they mostly buy, the next day they mostly sell. Even if XYZ Bank called you up personally and told you tomorrow they're going to buy $500 million euros (against the $), there's no guaranty that price would go up. In fact, the bank wouldn't want the price to go up while they are buying because they would have to pay more. But also, maybe at the same time they are buying there is bigger player who's trying to unload $1 billion euros, which may drop the price. So, even if you knew all that you still wouldn't know which way to move. The only sure way to see how all this buying and selling activity pans out is to look at your charts. It's all there. If it goes up, you know some big guys are buying, if it goes down you know they're selling. It's as simple as that.
Now, coming back to market manipulation. There is only one player that can affect you directly, and that's your broker. Since they know your stops and limits they can artificially move price around to trigger them. But that activity is easy to pick out since you can compare their prices to interbank rates or those of other brokers. Then it's your responsibility to switch to a broker who doesn't engage in that manipulation.
The bottom line is, if you fail in Forex trading it's no one's fault but your own.