Disliked{quote} Its an aggregation of buying and selling interests by companies with real needs, retail traders and all count for nothing...Ignored
Cable Update (GBPUSD)
- #455,546
- Oct 12, 2017 5:41am Oct 12, 2017 5:41am
{quote} Its an aggregation of buying and selling interests by companies with real needs, retail traders and all count for nothing...
About 3/4 of this market is speculative , ie, all those looking to make a buck who don't actually need the FX service as such. The vast majority of that 3/4 chunk is the biggest banks, then smaller banks, hedge funds, private pro traders , etc. I think retail makes up about 8% of total flow (interestingly in Japan it's double that at about 16%) so next time you get stop-hunted you can blame a Japanese housewife
- #455,549
- Oct 12, 2017 5:48am Oct 12, 2017 5:48am
- | Joined May 2016 | Status: Trader | 2,277 Posts
{quote} Nope About 3/4 of this market is speculative , ie, all those looking to make a buck who don't actually need the FX service as such. The vast majority of that 3/4 chunk is the biggest banks, then smaller banks, hedge funds, private pro traders , etc. I think retail makes up about 8% of total flow (interestingly in Japan it's double that at about 16%) so next time you get stop-hunted you can blame a Japanese housewife
- #455,551
- Oct 12, 2017 5:50am Oct 12, 2017 5:50am
- | Joined May 2016 | Status: Trader | 2,277 Posts
{quote} Companies go though banks to change their cash for their operations hence your 3/4.... business operations with real needs will change to whatever currencies for their purchasers, the CFO will time the change once it is to their favour. You are right about the Japanese market though, the retail traders are a force to be reckon with.... the rest.... only the top 1-5% makes money in the retail market....
