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The history of retail FX trading is a colorful and exciting tale, filled with technological leaps, increasing accessibility, and ever-watchful regulatory guardians From its humble beginnings in the 1970s to the present day, retail FX trading has transformed into a global phenomenon, offering individual traders the opportunity to participate in the world’s largest and most…

The growth of retail FX trading attracted the attention of financial regulators, who sought to protect individual traders from shady forex brokers and maintain market integrity. The retail FX market was super shady back then! It was the Wild West! 🤠 They introduced strict rules and requirements for FX brokers, making sure they had enough…

The early 2000s saw an explosion of online brokers, each eager to offer retail FX trading services. 💥 They wooed individual traders with promises of trading platforms, educational resources, and access to leverage – because who doesn’t love controlling larger positions with a smaller investment? The increased competition among brokers led to tighter spreads, lower…

Once the 1990s came along, thanks to computer nerds and the booming growth of the internet (cheers to you Mr. Al Gore), banks began creating their own trading platforms. These platforms were designed to stream live quotes to their clients so that they could instantly execute trades themselves.Meanwhile, some smart business-minded marketing machines introduced internet-based trading…

Retail FX trading emerged in the groovy 1970s after the Bretton Woods system, which had pegged global currencies to the US dollar, was dismantled in 1971. The resulting shift to a floating exchange rate system paved the way for increased currency speculation and the birth of the modern foreign exchange market. Unfortunately, back then, FX trading…

Once upon a time, foreign exchange (FX) trading was a stuffy affair, reserved for professionals and institutional investors But then a wave of technological advancements swept in, and today, the market is globally accessible to individual traders. Let’s take a lighthearted tour through the history of retail FX trading and see how we got from pocket protectors…

Last but not least, we have the retail traders – the little guys and gals with big dreams. These are individual traders who trade currencies from their home computers, smartphones, or tablets. They may not have the deep pockets or sophisticated tools of the big players, but they’re a growing force in the forex market,…

Hedge funds and prop firms are known as the “smart money” in the forex market. These savvy traders use advanced strategies and advanced analytical tools to make educated bets on currency movements. They’re not afraid to take risks, and they often employ leverage to make their bets even bigger.

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 to understand the nature of the spot forex market and who are the main forex market players. Let’s learn about the main…

Unlike in trading stocks or futures, you don’t need to go through a centralized exchange like the New York Stock Exchange with just one price. In the forex market, there is no single price for a given currency at any time, which means quotes from different currency dealers vary. “So many choices! Awesome!”This might be overwhelming at…