The Forex Market Structure: Who Are The Key Actors?

Of course the article added value to my knowledge of the forex market structure.

Thanks Ivan.

Retail, retail, always termed as dumb money. Never knows whats is going on and always contribute to the noise. Gets excited about money and always on the back foot. Thinks that the big banks are always on to them. I recently incorporated COT report to my trading to see and test how it really works. Trading is a tough business those impulse and corrections need to be understood. Hopefully and really hope that one day the true synchronization to the markets will happen. Retail should know that no one is after them but they should always stop providing liquidity and partake in riding those moves. Patience and laser focus concentration is a must have skill.

some good jems inside the article worth knowing

A common assumption is that all players are 100% speculators. If that were true, there would be no way to profit. There has to be traders who come looking for utility from the markets.

Not much different than a supermarket where everyone goes to play arbitrage....no one wants to actually consume anything they buy. It doesn't work over time.

Good point mate. But I would just remark that - yes all players are more or less speculators. What prevents me from categorizing all players as speculators is the definition of a speculator itself. A speculator can be a private person or institutional trade whose aim is to move the market in the direction he/she/they want. In order to do that one need naturally access to money - a lot of money. This is why not everyone can call himself a speculator.

But yes I understand your point. We all are speculators in the sense that we persuade profit. The dark side of it is that we cannot move the market and take profit when we want. We have to follow the real speculators.

Thank you for taking the time to post the article.