The next generation of online web-site functionality

The retail FX trader can now benefit from many of the tools and techniques previously only available to the professional market. Tim Finch tells us more.

First Published: e-Forex Magazine 13 / Retail Forex Client / January 2004

Pity the poor retail trader, a David seeking to overcome the Goliath of the interbank market. For years the market kept its true price action hidden, but now a new level of transparency exists in foreign exchange markets, with the internet and electronic trading lifting the curtain. Still hidden in the shadows are the tools and techniques used by the banks to process their business within an ever changing pool of liquidity ; the alchemy of technical and fundamental analysis undertaken by proprietary traders, and the ability to execute trades quickly when positioning in advance for the next trend is a hidden magic, or is it?The logical cycle of any foreign exchange position from open to close has never been more similar to execute across the interbank and retail markets; the reasons for doing so remain as diverse as ever with speculative trading in fewer hands at larger banks, and growing in popularity in the retail world. The cycle can be described as ;-Market Analysis - Fundamental and economic analysis...continued