FX POSITIONS - http://www.flickr.com/photos/ayos/ note to Traders and Hedge Fund Managers: do a due diligence on your trading platform provider before signing up. My Trading Strategy ...Psychology of Forex Market ...Macroeconomics and Capital Markets ...GDP 4wks after Qtr .CPI 13-19..PPI 14-20..Housing Starts 17th ...Non-farm Payroll 1stFri . ..When Trend is Strong stay on the wave ..When Price is Over - close/open position ..When Trend is ranging - Candlestick Devt (for swing traders) ..To find Trend Use Simple Moving Average ..To identify pivot points signals use ADX, Fractals, and Stochastic . ANATOMY of FINANCIAL MARKET WHOLESALE Interbank Trading in Markets (US.UK.Tokyo.Sydney) Interbank Participants - HSBC, Citi, Barclays, Deutshce Trading Platform Used - Reuters & Electronic Broking Services System for Confirming Trade Orders - SWIFT . Payment Clearing Settlement System Used - RTGS.ChIPS.Bottomline CLS Bank Fedwire RETAIL White Label Providers other IBanks and Brokers WLP / Brokers CFTC NFA accredited (Maintain $20M capital requirement) Broker Uses Level 2 Trading Platform Direct Market Access Broker gets quote from INTERBANK players; HSCB Citi Barclays etc.. Broker sees 100.55/100.60 Sell/Buy Broker Point of View Trader sees 100.50/100.70 Buy/Sell Broker Point of View Broker buys@100.60 from Interbank Sells To Trader @100.70 Broker buys@100.50 from Trader and Sells to Interbank @100.55 Broker provides Trading Platform Metatrader Trader - uses online Trading Platform Metatrader ECN/STP Trader sees Broker's quote Trader - makes deposit to broker through paypal credit card etc Trader opens position clicks buy or sell Trader closes position Who Moves the Market Federal Reserve Bank and Central Banks through Monetary Policy A Bank or Group of Banks who can purchase or sell big Volume at the same time. Competitive Advantage Direct Market Access Platform lets you see different active quotes price and volume movement.
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