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Chapter 2, Part I. Why FOREX? Page 5

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 14, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

    Aug 28, 2009
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    9. The huge trading turnover on the market leads to the impossibility to totally control and manipulate the market by any entity. Central banks can initiate the strong moves on the market (during so-called interventions), but they can’t hold this influence for an extended period of time. A broker might be able to cheat by a few pips, but the biggest banks in the world can’t force the market to go where they want it to.

    10. And the last one – the FOREX market does not have any middlemen, so you can trade directly with the market that is responsible for quoting currency pairs. Although there are intermediate chains between personal brokers and huge banks, we’ve talked about this already. Their quotes should always be very close to each other. From this point of view, there is little or no difference with whom to trade.

    P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer them soon.

    Note: FPA ranks are earned in the battles against scam, not in the classroom.
    Paul Destro, RahmatH, txinez and 7 others like this.
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