The Big Dogs
When Foreign Exchange was deregulated in 1997 , independent traders finally had access to the biggest trading market of the world - forex. But to win profits at this game you have to go up in line with the biggest financial institutions of the global economy. These big guys - we call them Big Dogs …
Unlike other traded markets , the Forex market has no physical location and no central exchange. There are no pit traders to gun your stops , and no insiders to step on your toes. But it is a huge arena with huge players ! It operates through a global network of national banks , commercial banks , global corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate around the clock , spanning the world from one major financial center to the next.
The Forex market is driven by real need and real economic forces between countries and the economic sectors of the world. National banks act to protect …
