Flash Crash - Introduction
In 2010 Wall Street and the Financial markets experienced what has now become known as a 'Flash Crash'.
Wall street and its dropped by 600 points in one hour or so - the biggest ever recorded drop within such a short time frame, it then recovered almost by the same amount in the next hour.
You will have recently see that a young English/Indian trader living in his parents very modest house is being blamed for this, so much so that he has now been arrested and is awaiting extradition to the USA to face charges.
Please view the first video below to understand what happened on the trading floors on the day itself.
If you are like me, you'll feel the hairs on your arms start to stand up as the commentator becomes more and panicky and desperate. It's almost a piece of theater and well worth the listen.
Please interact with me about this, as this is a community and feel free to post comments or ask questions.
THE FLASH CRASH 2010
In this video, I consider what happened during the 2010 FLASH CRASH.
Whilst not strictly related to Forex, this story is vitally important for us, because it shows what is going on in the stock market a world which is quite heavily regulated and monitored.
If what you are about to listen to is going on in a world which is regulated... let me ask you a question. Can you imagine what is going on it the world of Forex which is the last true OTC(Over the Counter) market out there, with very little regulation at all?
The arrest of the supposed Flash Crash Trader Navinder Sarao.
Take a look at this video to get my thoughts on this news event and how it affects us as Forex traders.
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More Training and Resources
If you are really serious about becoming a better Forex trader then please think about my Forex Price Action course which includes everything you need to be able to understand Forex Price Action Trading. Once you have completed the course then you'll be ready for the 'Forex Bail In' method which I have developed for risk averse traders, who like the EUR/USD and GBP/USD markets.