DislikedBased on what I've read, more forces are at work, Lets consider the firms which make up 70% of the total market trading with robots, lets consider hedge funds etc Lets also consider the fact that market movers are institutions with huge volume. With this in mind you mentioned that when GBP/USD is going down, it means the institutions are buying the dollar and selling the GBP, it could be automatically or manually, but 70% forex trading is on autopilot. So In my opinion the direction of the market depends on computer algorithms, we don't need to...Ignored
What is the source(s) stating that 70% of the total market volume is from robots ?
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