Spoofing ( My first post!)

Trader Navinder Sarao was taken in by authorities yesterday after being accused of playing part in the 2010 'Flash Crash'.

Based out of his West London home, he used a more sophisticated version of commercially available software which aided in his market manipulation. On the day of the Flash Crash, he raked in $879,000. Between 2010 and 2014, $40 MILLION.

Sarao is said to have used a method called "spoofing", where the trader offers an artificial price for a contract and dupes others into buying or selling at that price.

Can any traders here provide some more insight? Personal experience?

I would like to hear everyone's thoughts!

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Spoofing ( My first post!)

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