How To Rinse The Banks PDF exposes Forex market manipulation by banks, emphasizing that retail traders lose due to rigged systems. It focuses on psychology (risk-to-reward, risk management), market structure (institutional zones, supply/demand), liquidity (grabs, FU candles), and imbalances for high RR trades.
The guide rejects retail patterns, teaching traders to align with banks using daily timeframes and precise entries (e.g., FU retests, imbalances). A case study on XAU/USD highlights gold’s volatility and manipulation, urging mastery of these concepts to beat the banks consistently with strong psychology and disciplined trading.
In short, trading is manipulated to its core so that people continue loosing money while the big banks keep making more. Remember! In order to buy you must have someone to sell and if you want to buy you must have someone to sell. Whoever wins takes the money of the other. Trading is rigged so that only one side remains winning – the big banks and institutions make an insane amount of money (more than you would believe but we will keep this trading related). Retail traders are made to lose its that simple. All the concepts that they use are common knowledge and even if they win it will be manipulated.
For you now as a beginner trader or advanced this is a concept never to be forgotten. If you trade with the retail side you are on the ultimate losing side. For purposes of keeping this introduction short I will leave it as that. But this is the mindset you must have if you really want to win trading.
Let us proceed.
Check this news article in which banks were actually fined 1 billion for manipulating the markets. Unfortunately this is still the same today they have just got smarter about how to do it.
Excerpts
Risk Management
90% of all traders lose money. I’m sure you must have heard this statistic before. But why?
Surely it’s not that hard? Why do people keep trading if they know 9/10 of people will lose
money? Trading is a game of the mind before anything else. This is why i have dedicated a full
chapter to just psychology because believe me… it will be hardest to master all through your
trading career. If your psychology isn’t right, believe me.. No matter how good of an analyst you
are you will always lose. As a matter of fact, I haven’t come across a SINGLE trader who hasn’t
blown an account at least once. Now that’s pretty crazy if you think about it. Everyone loses
money when they start. What puts consistent winners apart from the rest? Simple – their
phycology and ability to stick to a set of variables without letting their emotions affect them.
Two things will help you overcome this “hurdle” 1) high risk to reward trades (you risk very less
for incredible rewards) and 2) risk management – how much should one risk per trade?
We will think in terms of % (in relation to your account balance) and it is vital you do not think
in $ terms but rather %. I’m sure some of you have heard this 1% rule and for good reason too. It
means you would have to have 100 losing trades in a row to lose your capital and blow your
account (highly unlikely impossible in fact). However I disagree with this concept as we trade
with massive risk to reward so one win covers our losses by a big margin. Therefore I
recommend 3 % for larger account sizes and up to 5% for those of you growing a small account
(1% is simply impractical if you have a $100 account risking only $1 you wont make money for
a long time)
However, I must stress! Stick to a fixed % risk per trade and NEVER change it. You MUST keep
the variables on per trade as similar as possible in order to see a consistent result. Assuming you
have a 1:10 RR minimum per trade. That means even if you lose 10 trades one will cover that.
But if the % risk per trade varies this formula does not work. So stick to a fixed % risk
Why still do people blow accounts? They simply do not account for risk which is paramount if
you ever wish to be a consistently profitable trader. Humans are greedy and if you come with that
mindset in the markets.. Say goodbye to your capital. ALWAYS account for risk. It should be the
first thing you do before placing a trade.
Remember the main thing is to preserve your capital before making money. Remember this as a
rule whilst you trade and it will help you from making silly mistakes and getting emotionally
involved.