Manual For Successful Forex Trading: From Dummy To Pro

Manual For Successful Forex Trading: From Dummy To Pro

by Luca C


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Confusion exists about the risks involved in trading currencies. Much has been said about the interbank market being unregulated and therefore very risky due to a lack of oversight. This perception is not entirely true, though. A better approach to the discussion of risk would be to understand the differences between a decentralized market versus a centralized market and then determine where regulation would be appropriate.

The interbank market is made up of many banks trading with each other around the world. The banks themselves have to determine and accept sovereign risk and credit risk, and for this they have many internal auditing processes to keep them as safe as possible. The regulations are industry imposed for the sake and protection of each participating bank.

Since the market is made by each of the participating banks providing offers and bids for a particular currency, the market pricing mechanism is arrived at through supply and demand. Due to the huge flows within the system, it is almost impossible for any one rogue trader to influence the price of a currency. Indeed, in today's high-volume market, with between big money being traded per day, even the central banks cannot move the market for any length of time without the full coordination and cooperation of other central banks. This is a manual to successful Forex trading. Cop a copy

Product Details

ISBN-13: 9781548616427
Publisher: CreateSpace Publishing
Publication date: 07/04/2017
Pages: 142
Sales rank: 526,777
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

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