DislikedIt seems ive confused people by going off on a tangent. Im not debating anything, just rambling about different things regarding trading.
I originaly posted the extract from T&E to make people think a little, and as a talking point.
The posts that you quoted are working on the assumption that FOREX is a speculative market untill a large order comes In from a business and disrupts the speculators. But couldnt it also be possible that 90% of what we see is exactly that, business transactions that had to be made regardless of what was happening...Ignored
Yes, it could be 90% regardless of what the charts/fundies say. How you'd find out the exact figure I don't know.
And no, the quotes are not working on the assumption that it's speculative until a large order comes in. It's indicating to us just what forex actually is based from - one currency being exchanged for another and the one of millions of ways it can be transacted.