Watchdog probes claims of UK forex manipulation

Britain's markets watchdog is holding talks with "relevant parties" over allegations of foreign exchange market manipulation by banks, a spokesman said on Thursday. "The Financial Conduct Authority is aware of these allegations and has been speaking to the relevant parties. However, we can't comment further at this time," an FCA spokesman told AFP. The Financial Times, citing sources, said the FCA had requested information from several banks with large London foreign exchange businesses following allegations that lenders had traded ahead of customer orders and attempted to manipulate benchmarks. Citigroup and Deutsche Bank, the two largest players in the foreign exchange market with a combined market share of about 30 percent, are among the banks which have been asked for information on the matter. However, there was no suggestion that the two banks were being specifically targeted, the business daily added. The FCA would not confirm any names. The development meanwhile comes as the European Commission is shortly expected to present proposals to tighten up oversight of key financial market benchmarks, especially of interest rates, in the wake of last year's Libor interbank rate-rigging scandal.

Learn Forex trading online

One of the hottest ways to earn money these days is to trade in the Forex market. This is because you are not required to have a specific background, degree, or skills to become a successful Forex trader. Students, businessmen, housewives, retirees, and all types of people can try their luck in the Forex market. However, this does not mean that you do not need to do anything to become successful in this trade. You have to do some important things that will help you understand how this whole thing works. This is especially helpful for beginners.

You can read through the rest of this article to know some Forex tips for beginners.

The first thing that you need to do is to familiarize yourself with the basics of Forex. You can read articles about the topic from the internet, business magazines, or newspapers. You can also read interviews from experienced Forex traders that participate in forums talking about Forex trading. You do not need to spend money to do your research. You can do all of these things for free.
Once you become familiar with the basics of the trade, you should now set goals and expectations. Do not expect to become filthy rich overnight. You still have to test the waters before you can earn huge profit from Forex trading. You also have to ensure that your goals are realistic. Do not set an impossible goal for yourself or you will only get disappointed. Take thing slowly that will help you understand how the Forex market flows.
Of course, you cannot earn money without spending money in the Forex market. You do not need to have thousands of dollars to try Forex trading, especially for beginners. In fact. You can open an account for as low as $25. This is advisable for beginners since you do not want to invest a lot of money when you are just starting out.
As stated earlier, you can learn Forex trading for free, but if you don't have the time it takes to do this and would like to streamline the process there are also many online training programmes available from experienced, successful Forex traders. They can have you up and trading in no time. I would, however, recommend that you only use a reputable training programme, and also, only choose a programme that offers a solid money back guarantee. If you haven't at least made your initial investment back in the first month, then just ask for a refund.

If you would like to try an online Forex training programme, I can recommend The Forex Trading Pro System. Click the link bellow to read my full review of the system.

http://www.forextradingprosystemreview.com/

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