What are some of the first things you need to learn to be successful in forex trading?… I know there is so much info out there and you dont want waste your time learning a strategy that is not right. First Steps You need To Learn To Trade Any Market Forex is fundamentally similar to[…]
It’s certainly possible. My father has been a very successful self-taught, self-employed forex trader for the last twenty-five years, using family assets only. He has never set foot on a trading floor except as a tourist, and he has never worked for a financial institution of any kind. Of course he is a driven, disciplined[…]
The interbank market is the top-level foreign exchange market where banks exchange different currencies. The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services (EBS) and Thomson Reuters Dealing are the two competitors in the electronic brokering platform business and together connect over 1000 banks. The currencies[…]
There is no unified or centrally cleared market for the majority of trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currencies instruments are traded. This implies that there is not a single exchange rate but rather[…]
