The currency markets are the global economy’s backbone and the banks are masters at trading. Banks do not make their profits from the speculation or selling of the currency markets that they make from being the currency trader. What I mean by the banks is the market is that, whether you win or lose on a deal, they will make money. This happens because when a currency deal takes place, the banks make cash from the pip spreads on the front end and are still in a hedged role. So it doesn’t matter what the economy inevitably wins, regardless of what the banks do. If the banks are hedging their position to cover themselves, why are we not doing the same as traders?
1. Big Banks Trade Forex
Are you wondering if trade Forex is like the banks? If yes, then this article will be quite apt for you! In this article, you will reveal complete details on the Forex bank trading strategy. For example, you will reveal comprehensive information on smart money, Forex bank trading strategy, and key steps for ultimate success.
Banks usually use 80% fundamental analysis and 20% technical analysis. In 20% technical analysis, there are not a lot of indicators. Their technical analysis is based on price levels.