At the end of World War II, the whole world was experiencing so much chaos that the major Western governments felt the need to create a system to stabilize the global economy. Known as the “Bretton Woods System,” the agreement set the exchange rate of the US dollar against gold. Which allowed all other currencies to…
Now that you know the overall structure of the forex market, let’s delve in a little deeper to find out who exactly these people on the ladder are. It is essential for you that you understand the nature of the spot forex market and who are the main forex market players. Until the late 1990s,…
For the sake of comparison, let us first examine a market that most folks are probably very familiar with: the stock market. This is how the structure of the stock market looks like: By its very nature, the stock market tends to be very monopolistic. There is only one entity, one specialist that controls prices. …