I was really running out of subjects for this Month's Article Contest but I had a last minute inspiration and came out with a very interesting and intrigue topic.

It's a very simple yet a powerful strategy that anyone can incorporate to his trading style and I hope this simple strategy will help you step up your game and improve your trading from here on.

Here is a quick preview of what you're going in my article:

"In the last years and in particular this year, the London FIX has been on the front page of mainstream media but not for the good reasons. Trials and allegations involving various big banks is under developing right now as they are accused of artificially fixing currency rates and rigging the FX market.

This growing scandal suggests that no matter how big is the size of the FX market the fact that the market is controlled by a small group of traders at a handful of large banks it makes the FX market prone to manipulations.

Lack of regulation is one of the other reason why FX wrongdoing is possible and what makes FX market the most opaque market of all financial markets.

Before going any further we must address some serious questions like: What is the fix?; Who uses the fix? How is the fix manipulated?; and the most important question is: How can we make money of the fix?

Although there is no doubt the London Fix has been manipulated, by answering the above questions and knowing the mechanism behind London Fix we can create a profitable strategy from a risk to reward stand point of view. It's like in Poker, if you have the possibility to know your opponent cards you know which cards to play and which one to fold, the same goes with the London FIX strategy which it's not about anticipating what will happen but more to be proactive to what is happening............."

If you wish to read further my article you can do so by following this link: London Fix Strategy

Best Regards,
Daytrader21
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