Monday, 1 January 2001

Spoofing

While the basic concept is easy to grasp and it sounds very easy to do, in fact trading has developed into quite a complex and tricky art, because people have designed bots and software to take advantage of the most obvious situations where trading should give you a profit. In addition there are people out there who manipulate the markets using “spoof” money, large sums which appear suddenly in an attempt to move the market in a particular direction. 

These can disappear as fast as they appear, but it is often not easy to tell the difference between spoof money and real money until it is too late. When trading you are swimming in shark-infested waters and you need to have your wits about you or you will get eaten alive.

[Courtesy of Juicestorm]

No comments: