Rigging Of Foreign Exchange Market Makes Felons Of Top Banks
A market for the trading of currencies For example, one may buy dollars or sell pounds on a forex market. At first glance, this ad-hoc arrangement must seem bewildering to investors who are used to structured exchanges such as the NYSE or CME (To learn more, see Getting To Know Stock Exchanges) However, this arrangement works exceedingly well in practice; because participants in FX must both compete and cooperate with each other, self regulation provides very effective control over the market.
I am working for a company in US, they have US citizenship, one of the partners wants me to do forex trading in US$ and GB Pound, now the question is I am working from India, I shall be trading for my company from here and shall be salaried for doing the trading, so is that legal or not.
A stock broker might offer 2:1 leverage, meaning that you would need to have $500 in your account to buy $1,000 worth of stock – in the Forex market, traders trade with leverage of 50:1, 100:1, 200:1 or even higher depending on the broker and regulations.
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Dealers are also called market makers because they ‘make the market’ for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread , which is the difference between the buy and sell price (more on this later).
During 2014, rather than simply using an aggressive IOC order, traders opted to decrease the amount of control they had over their orders and desire for immediate execution and began to let orders work.” Tradebook’s Time-and-Cancel (TAC) order type enables aggressive orders to seek more liquidity with the potential for price improvement by hanging out” in the market to provide manual market makers, electronic market makers and algorithms opportunity to reload” after initially being acted upon.