The development of trends in FX markets relies on the aggregation of institutional order flow to drive a currency or currency pair in a particular direction. Many new traders often find themselves on the wrong side of these moves and typically spend a lot of time in a trap known as “fighting the flow.” The Forex market has a highly decentralised structure meaning that unlike stock exchanges, there is no physical location for the recording of order flow. Consequently, information on these flows is restricted to bank and larger institutional players. To put this in a simpler context: Bank and institutions are able to ... (full story)