Exercise Know How

Forex Secrets - Delusion No. 2 - Who Prompts Trading Forex Traders

The delusion conceptually propounds that traders in a market spontaneous FOREX (as stipulated by B. Williams, A. Elder, E. Nayman, etc..) But this is not the case. Traders do their job in a well organized and controlled foreign exchange market, governed by the Consortium of the world's largest banks.

Therefore, pushing the currency up and down, which defines trends, corrective actions and apartments?

And, finally, places a tendency to a point where the majority of traders are happy think they have saddled the wave and are on the verge of winning a huge profit! Now! Do not be afraid! Do not close the post! Not to satisfied with a minor benefit! Later we will discuss this kind of stupidity. Thus, it continues to go on despite profits of more degrading. Soon, the loss begins to develop with the speed of light! Do you know the situation?

Well, that overthrew the rate?

Who typically uses exchange rates?

Tugging is certainly central. Compare quotes online from several distributors or banks to know they are second match. Do Dealers Act for each bank in synchronism such that even without seeing the other, they place orders identical if the quote is 100% right? Nothing is a miracle HERE!

Before further explanation, we will listen to Bill Williams the learned FOREX (Trading Chaos, chapter 6.) "... we trace a pattern formation process. Previously, the market and place of negotiation of the contract constitutes a single physical space. The majority of large grain traders focused on the "floor". Their orders amounts involved, just move the market, they enjoyed a better control on the market today. During the last 20 years markets grew in the world whole. Now, not only "Ralston Purina," "Kellogg" and other prominent trade associations seek to cover their assets treasury operations. Thus, millions of young riders in the world and farmers, who compete with them in anticipation of changes in terms of grain prices? This fact also implies a high potential for operators today, the trends are not built on the ground. The latter mainly provides market liquidity through the struggle against "Outer orders.

The fact that the trends of today are formed rather "outside voice" that "on the" floor, as before, allows us to trace trends over the volume of trade is the key that y Our online information is only limited check volume, time and price. Check volume is a number of price changes by a certain period of time. It is not at all a number of contracts traded. Several studies have revealed no significant difference between the actual volume and ticks. Using a tick size, we can assume that represents the actual volume. This is a volume in real time, which is our key to what happens in "trading pits."

Two basic ingredients are organic Forex Trading: Brokers on the floor and distance traders. Local brokers are employees, the execution, thus earning their salary and / or commissions. They do not have money to be available to them. They are the performers. Their prospects are not overwhelmed by the prices they receive for order management.

Remote operators use their own money. They have to pay the price of their own pockets, unless they receive a voucher. Vendors must be much higher in the skills of brokers, as they independently make their own decisions, while working for the broker to follow the orders of others.

distance traders are supposed to support the market by taking its opposite side. Generally, they are not at all mad in long-term transactions. While some traders were remote participants in our private training programs, and it must be admitted that operation time of 10 minutes can seem quite a long time for some them.

Keep in mind that trends are made up of orders delivered upstairs from the outside, but not long positions by traders concluded at a distance. Since the traders job is to take the opposite side of orders from outside, they have no prospect of negotiation between them. They take your money. We focus again, the volume of ticks is our key to understanding what happens in the forex market. distance traders do not contribute significant volumes negotiation, which might result from dealing with traders on the floor similar. Trends in terms of new orders. This is why we want to be sure when and for how much the external command is provided to the floor. It is presented by a volume change check.

So, we the traders are emerging as the locomotive prices, is not it? And the brokers on the floor just allocate and execute order, coming home, do they? And April 1, 2005, they all (meaning: we all) have decided to rotate the trend and stay short against all rules, news and common sense ... I wonder if the scientist or not ashamed?

Regarding the quote above, I by chance heard a single argument in favor of Bill Williams (I assume you have also this concern that I mentioned in detail): With respect to all futures markets, we read or use the above in Forex. Curiously, these are the arguments of lawyers from Williams, but not Williams himself.

This book is actually intended for both the futures markets: Forex and market. This is why the pictures taken both markets are so mixed and the author never distinguishes between the methods of technical analysis of it. Thus, whether the author does not draw distinction between In both markets, or is unwilling to reveal to the reader.

And neither in the preface or in the comments do Williams and his editors refer to the fact that something "Trading Chaos" is inapplicable to FOREX, and therefore should not be use that is made by a FOREX trader to.

I have repeatedly crossed the peculiarity of Williams (correct definition specific case method be extended to a larger scale the details) and she actually asked me to write this book. In all and all, methods and advice, absolutely true and correct for some of Forex market are claimed by Williams to be universal on all Forex market without being shown when the top is effective and where it is not.

The same thing is done by opponents and supporters of Williams, who view the passage of Forex that his methods are usable only. As various analysts and bibliographers Williams, retailers need a lot harder to achieve a line boundary with the pro-Williams trade in a side thereof and with cons-Williams negotiation to another.

Logically it just one question: what could be added to the indicators of Williams in order to transform them into force at the place where they are currently ineffective (see detail in the chapter on the Alligator Williams).

And now we return to the question that provides traders with forex rate quote, bearing in mind that we, the merchants who carry movement rates in accordance with the prospect of Williams. Millions of traders were actually studied under the FOREX "Trading House" and it is really worth studying. This is one of editions of the most interesting and instructive, which brings repeat every time something new and useful.

But in some passages, we feel be customized. Williams is ignorant of the fact that there is no single exchange FOREX and there is no need single bargaining or the floor? And the Pacific, Asia, Europe and America ranking of the meeting is arbitrary?

Have you seen the exchange rate move, Though there is a holiday in the U.S. with the banks closed? So I, too, who took his party in the U.S. for land trade on a day off?

Then, calling rates, which makes the trends and changes without any objective justification for the rate of turn and rushing in one direction, are not needed at all?

The answer, as provided by No. 11, 2002 "Forex Profiteer" Magazine article by Nadezhda Larina "Electronic Systems broker" FOREX market, http://www.ifin.ru/publications/read/351.stm), read: "... a case FOREX "Electronic Broking Services (EBS)" enjoys great popularity with the extra-exchange inter-bank forex market. He was developed by the Consortium of major banks FOREX trading participant in association with "Quotron" society of computer experts and launched in 1993. Currently there are 13 EBS world's largest banks market makers, ie: BN AMRO Bank, Bank of America, Barclays Capital, Citibank, Commerzbank, Credit Suisse First Boston, HSBC Bank plc, JP Morgan Chase and Co.Lehman Brothers, Royal Bank of Scotland, SE Banken, UBS AG with Japanese Minex Corp., created by a consortium of Japanese banks jointly with the Japanese telecommunications company KDD and Dow Jones Telerate.

EBS offers a full range integrated treatment services for the professional interbank market, as a key interbank forex anonymous electronic exchange. There is currently used by more than 2,500 resellers in 850 banks in the world and gives a turnover of approximately USD80 billion of trade per day.

See again: 'three biggest Forex - Citibank, JP Morgan Chase and Deutsche Bank, with Reuters Group PLC) began in June Atriax system, one end of 2001.The operations in spring 2002, after having failed to withstand competition.

Can you imagine a machine monster, capable of forcing the largest three banks the world - Citibank, JP Morgan Chase and Deutsche Bank to abandon their business plans! Or able to reverse the EURUSD from 1.3660 to 1.1865 and thus instantanément the execution of operators worldwide, and going short on foot! And then inside, April-June 2005, the purchase of the euro by merchants to USD1.36, 1.29, 1.20, 1.19, etc.

Do you see the loss? Watch the Euro 1700 schedule pts after I bought at 1.36 ... But perhaps there is no loss at all?

All the basic provisions Larina has actually found a confirmation 2 years later in United Kingdom Financial Times article by Jennifer Hughes: "A PC occupying floor" (see Financial Times 2004).

He stressed that during the previous 2 years, turnover has increased Consortia extra USD20 billion per day at present to $ 100 U.S. dollars stretching, while platforms stronger negotiating on the Internet to ensure the average of USD15-20 billion daily turnover.

Then jump on some conclusions:

1. The forex market is not the same as that used to be earlier, for example 11 years ago.

2. It is in fact "a relative uniformity of price fluctuations", otherwise, offers practical similarity with brokers and traders worldwide.

3. The reason for the uniformity above has been revealed clearly the technological point of view, being the fanfare of technology exchange e.

4. There is no mention of other reasons for rates similar to absolutely different Forex trading platforms in the world which connects the platform above and FOREX rates on them from financial, organizational, contractual views, etc..)

5. The great interest is the remark of "Financial Times" reiterating the changes in exchange rates in recent years as narrated by an anonymous ex-dealer (?) which compares the currency market as those 11 years ago: "It was a hell and a hell noisy splendid!

In his opinion the market has lost a significant its individuality with the rise of technology. A very interesting sentence: "It used to be hell" splendid. I would add: "It used to be a" hell volatile, with reference to the fact that the daily rate of travel has gone up 400 to 500 pips. And there is nothing like today.

6. Now, why "The Financial Times that questioned the official EBS Consortium?

J. Jeffrey and Department Head of Currency Transactions, Fabian Shey Why is not willing to talk with representatives Reuters (United Kingdom)? What is the reason for this kind of disrespect towards fellow?

Or they have been hard to be contacted in London, where the Financial Times and Reuters staffs are also after the maintenance that currently both EBS Consortium and Reuters are dominant in the interbank market? And the Financial Times has enough information on compatriots to keep the Reuters interview, the official EBS Consortium is sufficient without Reuters?

7. Please, pay attention to what follows by the Financial Times: "Anyway, the Other opinions are available. According to Justin Trenner, the current volume of online transactions is the turnover amounts to $ 100 U.S. dollars a day with the strong growth. The Financial Times reveals to acknowledge his complete inability to track not only cash FOREX trading volumes but even these platforms.

The main difference between stocks and FOREX is also evident from the foregoing. Those, like writing about fundamental and technical analysis methods for markets, are either ignorant of fundamental difference in these markets, or they are deliberately swindling millions of merchants.

Where noted, that besides the consortium of banks above, there are other electronic processing facilities (eg Electronic Service Broker, Reuters Dealing 2000-2, etc.), N. Larina has neglected their appearance interrelationships. And there are many questions: how and why it is a coincidence of trends, corrections, highs and lows during a single day, etc.

And what is the way to reconcile the statement on the operation of the shunt of EBS and Reuters Dealing facilities with information that Citibank, JP Morgan Chase and Deutsche Bank in collaboration with Reuters Group PLC failed to withstand the competition? Is it due to the fact that the consortium has acquired Reuters, maintaining its sovereignty formal support to traders' estimates that the Forex market is free and independent? If so, then it is quite clear why the Consortium not afraid to buy the EUR on its plunge from 1.36 to 1.1860, since there is nothing to be afraid of his knowledge with the point, below which we will not drop the rate so that the point of staging the rally dollars to several months without anyone to interfere with your doing.

Fortunately, it is now to understand the trends that rotates exchange rates! largest banks in the world Consortium have the power to reverse the rate in Desiring far, overthrow the fundamental laws, news stories, trends and common sense, just the way we have witnessed on 01.04.2005 graphics. But it is not at all, merchants, as claimed by Williams.

Therefore it is obvious ineffectiveness of the index Williams of market facilitation (MFI) based on changes in trading volume, to be more precise, sometimes the indicator is telling the truth, while sometimes it is a shameful way.

The reasons are stated above: the consortium of banks push rates to place where it needs, but not to where traders go to trade, accumulating volumes, said on the screen. This is why merchants round losers in the use of the indicator MFI Williams.

Full text of this article and photos of examples http://www.masterforex-v.su/

About the Author

Vyacheslav Vasilevich (Masterforex-V)

Professional Trader from 2000 year.

President of Masterforex-V Trading Academy.

Author of Books:

1. Trade secrets by a professional trader or what B. Williams, A. Elder and J. Schwager not told about Forex to traders.

2. Technical analyses in Trading System MasterForex-V.

3. Entry and Exit Points at Forex Market

Books web site http://www.masterforex-v.su/

Everybody Knows What Blasphemy Is - Part 1

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