So I've heard from more than one place that retail traders have very little impact on the movement of price in the FX markets. It's mostly banks moving money around...but then they say that the next biggest players in the mix are hedge funds.
I didn't know much about hedge funds until doing some quick research on them. Pretty much I had a very "big money" corporate image attached to the term 'hedge fund'. Pretty much the same mental picture as I had associated with the idea of a Mutual Fund.
Now it seems that there are smaller players out there with assets of less than $10M who just start up hedge funds on a whim. Timothy Sykes was an example. From what I saw on Wall Street Warriors, it is possible to run a hedge fund out of your NY apartment on a shoestring. That's what Sykes did.
Anyway, I'm wondering what would be required to get whatever access to the FX markets that Hedge Funds have. I'm guessing it's the same requirements that brokers need if they are going to run ECN accounts. The reason I ask is because it would seem to make sense that at some point in time you'd want to cut out the middle man if possible....esp if you are in and out of a large number of trades during the course of a month.
I didn't know much about hedge funds until doing some quick research on them. Pretty much I had a very "big money" corporate image attached to the term 'hedge fund'. Pretty much the same mental picture as I had associated with the idea of a Mutual Fund.
Now it seems that there are smaller players out there with assets of less than $10M who just start up hedge funds on a whim. Timothy Sykes was an example. From what I saw on Wall Street Warriors, it is possible to run a hedge fund out of your NY apartment on a shoestring. That's what Sykes did.
Anyway, I'm wondering what would be required to get whatever access to the FX markets that Hedge Funds have. I'm guessing it's the same requirements that brokers need if they are going to run ECN accounts. The reason I ask is because it would seem to make sense that at some point in time you'd want to cut out the middle man if possible....esp if you are in and out of a large number of trades during the course of a month.