Forex trading is the buying and selling of currencies, making it a popular investment opportunity for individuals looking to make a profit. However, forex trading can be complicated and overwhelming for beginners. This is where the concept of bank-like forex trading comes into play. Banks are one of the largest participants in the forex market and their trading strategies can be utilised by individual traders to make a profit.
Much like trading stocks, the goal is to speculate on future price movements, not to exchange currencies . Like stock traders, forex traders will try to buy currencies that they believe will appreciate relative to other currencies, or let go of currencies that they believe will lose their purchasing power.The forex market is dominated by banks, which use their knowledge and experience to close lucrative trades.
Only 5% of all forex traders are bank traders; the remaining 95% are speculators. However, more critically, bank traders account for 92% of all forex trading.No need to sit there all day making your own trading decisions. In most cases, they act only as agents for bank customers. This is commonly called “clearing the flow”.
In fact, they only make two to three trades a week on their trading account. These deals will be evaluated at the end of the year to determine if they deserve additional bonuses andThey are highly methodical and only decide to trade when the technical and fundamental conditions are ideal.