Rangebound Trade Continues-- IFCN Wk 49 � Tue- Equity: $1,530.10 - forex leaning place

forex leaning place

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Tuesday 11 November 2008

Rangebound Trade Continues-- IFCN Wk 49 � Tue- Equity: $1,530.10

There isn't a lot of activity going on in the currencies, other than ranging trade that develops after large moves like we've seen in previous weeks. Banking institutions and trading firms are testing to see how committed their trading cohorts are to defending their positions, causing many false starts and aborted moves.In general, it is wise to have smaller commitments when this type of market

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