Foreign Exchange Manipulation (FOREX) Class Action. A class action lawsuit seeking $1 billion in damages on behalf of Canadian investors was launched on September 11, 2015 in the Ontario Superior Court of Justice. At the same time, a motion for authorization of a class action was filed in the Quebec Superior Court. The inquiry into alleged manipulation of the currency market now takes in the world’s biggest banks, traders – and now the U.K’s central bank. Forex Manipulation - $1.2B In Fines - 5 Banks FX Trading June 20, 2019 Over the past few years, US prosecutors fined more than a dozen banks $11.8 billion over allegations of collusion and manipulation in the FX market - a case that helped upend the culture of traders sharing "market color" in Bloomberg chatrooms. The above happens on a daily basis and is the main reason why most retail forex traders are unsuccessful in trading Forex. They do not know how to trade forex properly. Chances are that at least 8 out of every 10 people who read this article have had a similar experience to Mike and been the victims of market manipulation. Forex Manipulation – Conclusion. Stop hunts and manipulation happen on a daily basis and are the main reason why most forex traders are unsuccessful. It takes time and practice to identify market manipulation and our Forex Price Action Video Series focuses on that! I encourage you to check it out.
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