Quote:
Originally Posted by pjethwani
Hi David,
thanks again
on a different note,
Who are these market makers?
How do they differ from regular traders (individual or institutional)?
How do they have the ability to move the market in their direction and profit from it?
sincerely appreciate your help
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Hi Pjethwani,
My pleasure.
Market makers are the banks and other firms that make prices in the forex market that you and other traders place trades on. The differ from regular traders because regular traders are what are referred to as "price takers" meaning that they normally only buy or sell on the price that is given to them. Market makers are what are reffered to as "price makers" meaning that they consistantly put prices out into the market to be traded on.
For more info on this see
this wikipedia link and watch the videos under module 1 of our
Free Forex Trading Course.
Hope that helps.
Best Regards,
Dave