Simple's Green Room

[simplegreen]

GM Joe and all..I cant find my info for 2013 bank market share but its more than 2012...have seen it but guess I failed to mark the link.Anyway...2012 data still tells the story...the top 4 banks in 2012 controlled 49% of FOREX volume..the top 10 controlled 81% of FOREX volume..in 2012 number one was Deutsche Bank controlling 14.57%...BTW in 2013 I remember they are still at the top..num 2 is Citi..num 3 Barclays...num 4 UBS..these 4 banks alone contol about half of all FOREX volume or marketshare!
Seems a good reason to be sure and trade with the banks..not against them.
Most of these banks have had big fines and got in hot water for forming cartels...IOW they were working together behind the scenes and got caught doing it.IMO they still are but being careful not to get caught controlling the market as a cartel!
Thes are facts Joe...not just my opinion
Supply/Demand trading needs to be part of our trading arsenal IMO...without it we have no footprint of their actions or their future probable actions.