Currently, DGM just focusing on JPY pairs such as GBP/JPY or EUR/JPY due to lack of market manipulation. Unlike EUR/USD is much more manipulation than other pairs. Is it true?
Focusing on JPY pairs such as GBP/JPY or EUR/JPY due to a perceived lack of market manipulation is not entirely accurate. While it is true that major currency pairs like EUR/USD tend to have higher trading volumes and are more widely traded, it doesn’t necessarily mean that they are more prone to manipulation compared to JPY pairs.
Market manipulation can occur in any financial market, including the forex market, and it can affect various currency pairs. Manipulation can take different forms, such as spoofing, front-running, or insider trading. These activities are typically carried out by individuals or institutions with significant market power, and they can influence prices and create artificial movements.
While it’s difficult to generalize the extent of manipulation in different currency pairs, it’s important to note that major currency pairs generally have a more liquid and transparent market due to their higher trading volumes. This liquidity can act as a deterrent to some forms of manipulation.
That being said, if you have specific concerns about manipulation in certain currency pairs, it’s essential to conduct thorough research and monitor market developments. Pay attention to regulatory bodies and news sources that report on potential cases of manipulation or fraudulent activities. Additionally, utilizing reliable trading platforms and working with reputable brokers can help mitigate the risk of manipulation.
Ultimately, when trading forex, it’s important to consider a variety of factors beyond just the potential for market manipulation, such as liquidity, volatility, and your own trading strategy.
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