As explained earlier in the thread, you weren't hurt by either rates or forex manipulation. If anything, you were helped. You'd do well to disregard know-nothing posts.
Agreed, but you might as well get used to it. The "fines" are orders of magnitude beyond the offenses -- they're de facto taxes. Banks are big fat slow easy piñatas for revenue-hungry govts to swing at.
laugh if you want, but the fines for being over the limit were considered just a cost of doing business until they raised them to where it was no longer profitable to be over the limit and just pay the fine.
Maybe this is why every trade I place seems to go the wrong way! They're scamming me. I want my money back...
I disagree to a certain extent. Imo, models have become so good at explaining endogenous variables that in the absence of news, or exogenous variables, it would be a coin flip. But news abounds almost around the clock. And as far as I can see, predicting exogenous variables is extremely hard, if possible at all.
I think we are both agreeing, it isn't a fair coin flip due to news. Where we may disagree is, news is easy to create.