What is the best FOREX book …that intimitaley reveals how the banks trade forex…and large funds ?
It really depends what you want to learn, however if you are new to fx, try the ICT’s course. They were very helpful at least for me 
yes i like ict…got some good concepts …and i like most of his material.
but i want to understand exactly how the big organisations use their order books to make profits…how they trade against the retailers or the fundamentals…
what key things influence their decisions…
why they want to keep the market at set levels.
who decides these levels.
how they lure in retail traders for liquidity .
how to read their intentions.
the patterns they leave behind …
footprints.
the amounts they trade.
the leverage they use…i think its like 1 to 3 max…
why dont they use bigger leverage.
the tools they use…t
the indicators if any …the chosen levels are they really 20s 50s 80 s and figures.
etc.
their intentions. and the game they play from the inside…do they work theh sessions in tokyo to influence and draw in the crowds for the london sessions…stuff like that.
the difference between how their order book works to how their prop traders work
do they run stops…etc.
real inside information.
here, i’ll get you started:
https://www.db.com/en/content/contact.htm
https://online.citibank.com/US/JRS/portal/contactus.do
Barclays | Global Offices and Contacts
UBS - Contact us - Global home
Goldman Sachs | Office Locations
please report back with any findings. thankyou
They don’t write books on it.
They don’t think in terms of speculation so much (although they do have prop desks). They need money to move because they actually intend on purchasing at certain prices for their clients.
It would be a different set of rules if you don’t have to actually exit a trade now wouldn’t it be?
Large International Banks are in the FX wholesales business, they most of the time act as Market Makers and they are rewarded by the ask/bid price, as MT said they do speculate or even sometimes (a lot of times) front-run clients orders thru their prop desks.
There are a lot of books and papers about the topic (role of the banks in FX) over the internet that you can search, but that task is up to you, eblip.
They don’t write books so that you could trade like them. Remember that they need your liquidity (they want you loose), therefore, best book is yourself.
dont understand this eblip thing…but im sure i will be enlightened soon
anyway…ict has pointed out a great resource on the matter.
its a webinar called inside the banks…
i tried to get a torrent for it but couldnt find a successful one.
can anyone get me a copy of webinar inside the banks.
thank you in advance.
EDIT
apart from the order books of the banks which i am interested to know about. i would be more interested in investigating their prop trading technical analysis methods.
itc just talk crap. The dealer’s tactics are their bread and butter; they are not going to let it spread out so that all the retailers could get it. Think smart.
If you want to know a bit of information, check out member fti on forexfactory, he’s former tier 1 FX dealers.
…:18:
hey luiz…
i ve just looked up that guy and he discusses the exact questions that i have posted above.
thanks a lot mate.
he talks about importance of finding out answers to those questions etc…
great find…you have done me an excellent service.
about the ICT thing though.
i like him …there are a lot of people and newbies in forex who are completely lost and need external guidance.
as you know …in this game …most will fail.
but he introduces some good concepts…like how its important to monitor asian market and other markets.
shows them about liquidity… and levels…
i watched some of his stuff and i basically found it useful in alerting my attention to certain aspects of forex…like asian session doesnt really break higher highs…or lower lows…in general.
things like judas swing…(which i have personally investigated further…and now see as banks just getting liquidity into the market and then processing their orders once liquidity has bitten their false signal)
so he is a good thing…i get some postive stuff off him…plus he has pointed oout some great books to read on certain aspects of forex.
you sound like the type who finds his own guidance…(i like to think i too am that type of person)
you are also a good thing…who has pointed me to a resource i really wanted…
anyway…i hope we have some good interactions in the future…as we seperate the wheat from the chaff.
ps .
and be careful luiz…free thinkers threaten the security of other members of the site.
so tread carefully…or they may gang up on you. 
1 Like
You have some serious misconceptions of the market.
You think banks need retail liquidity. They can’t even SEE where retailers are because retail really plays no part in the actual market. Retail EUR/USD is a fictional trade.
Banks don’t care what retailers do. We aren’t even a pimple on this market’s great big arse. They could care less about our liquidity. It’s not available to them.
Now I know where did you get all the “dance with the price” BS… and the “tier 1 FX dealer”… BS too…
whatever .
eblip, google “FX Microstructure” and you’ll find some good research papers, especially the C.L. Osler papers are worth reading. Possibly the closest information you’ll get about the topic.
And don’t listen to that luiz guy, he seems to be frustrated.
fxtrader cro…
those papers are very informative and technical…thanks for the info…
ill look into it…its gonna be continuous lengthy process…but i think it will aid in getting an edge…understanding the nuts and bolts of the forex market.
so far it seems like the banks order book and the flow created by this … is the major mover of price in the forex market…more so than fundamentals and speculation…wow they are pretty enlightening her papers.
im gonna try and find out how the banks manipulate this to make money…
cheers.
I’m not sure, but I suspect one of the biggest advantages (among many) that institutional traders and rich private traders have over retail traders is that… they can keep much tighter stops than retail traders due to incredibly low trading costs.
Watch all parts, you will learn a lot: Professional Traders Vs Retail Traders 101 - Part 1 - YouTube
You are WRONG, WRONG, WRONG. they create their own market and retail orders are supposed to go to them ie liquidity providers to be traded on the market. They need our money. Thats why they manipulate the market, to get buyers and sellers.
Hi Brink FX. You are definately on the right track. The market is manipulated by these banks and if u know how you’ll make money. In a nut shell theres 3 steps. I’m not going to say what they are here brcause those guys below that are taking the piss out of you and being negative about your question don’t deserve it. They are idiots that know nothing and probably lose money due to their arragonce and stupidity. What you say in your second post is all true and it is how they run and manipulate the market. I hope u found all the info u needed and are making lotsa money while those dickheads below are still lost in their arrogance and losing money.
And just one more tip. When u are educated on the subject keep it somewhat to yourself. Don’t cast your pearls before swine.
All the best.