Talk:Foreign exchange market

"Such day-long access to foreign exchange allows traders the luxury of dealing after normal hours or even during national holidays in their country of residence."

The 24 hour nature of FX makes it one of the most dynamic and difficult markets to be in. Is that not a pain more than a luxury? Hersttat Risk and troubles from the Hersttat Bank are well known lessons. doles 14:54, 2005 Apr 21. (UTC)

is Forex open on some almost universal holidays?

Like New Year's Day? —Preceding unsigned comment added by 87.205.144.212 (talk) 00:21, 1 January 2010 (UTC)

The bloomberg quote

The bloomberg quote is not an add for bloomberg, but a record of how much the forex market has grown, it is very pertinant stuff. Explain why someone tried to take it out?

Futures vs. Spot

There needs to be some clarification on these pages. Retail Forex Trading is done primarily on the SPOT market, not the Futures market. This is an important distinction because the two markets act very differently. Futures is typically 3 month delivery, while spot is 2 day (or even almost immediate, where a trader can open and close trades within seconds), futures have no market makers of last resort, while Retail Forex companies serve as market makers. Futures leverage is usually not extended past 20:1, while in Forex it is not uncommon to see 200:1 or even 400:1.

Swissy vs. Ozzie

There's been some back and forth about "the top 5 most traded currencies" table. And now a blanking. Rather than blanking, if we could get some figures!! or quotes or some sort of credible evidence. My guess is that #5 is still Swissy, but if the Ozzies have a case why not make it here.

For now I've put them in as "tied" at 5-6 and changed the title to "the top 6 most traded currencies."

BTW, currencies are never capitalized in standard American English, except at the start of a sentence. I don't see any reason for them to be capitalized in a table.

New Link

There have been innumerable ads for commercial retail forex brokers added to this article which seems to be completely against wikipedia policy. The current links may be pared down a little too much, but the above is a good reason for erring on the side of being conservative. So the "Non Profit Forex Training Society" link which seems to claim that it is offering free historical data would probably fit in - if in fact it is a good link. However, all that I can get is an "Entry" page where the links to the "goodies" don't work. If it doesn't turn out to be what it claims to be - I'll definitely remove it. Smallbones

-- Reply: Having problems with the host. Will get the historical documents on soon.

Spam

I haven't been back in a while but I noticed two things. First, someone posted the name of a non-dealing desk broker. There are only four or five in existence from what I can gather so the mention of one to the exclusion of all others would be a clear commercial endorsement so I deleted it. Second (and I didn't take time to check who deleted it and for what reason) there was a reference to stop hunting that has been removed. Perhaps the reference belongs on the forex scams page but it does provide some valuable perspective. I'll go with the group's judgement on this. Reference was made to a non-commercial blog which I won't cite here. Mcduffodonnell01

Milton Friedman views

What's the source of that section?Which book or article he said that?

Why do you keep reverting it to an old edition

My additions were all factual and I feel, very helpful for someone trying to understand the Forex market. If you want to change it please let me understand why

Randomly adding specific retail forex brokers

Please do not randomly add the names of retail forex brokers, that is considered an advertisement

David Krutz and his thoughts

"According to David Krutz from the Financial Times website (Published: October 9 2006 20:48) "The foreign exchange market will have doubled in size in just three years next year, thanks to increased participation by fund managers and pension funds, says research out on Monday". TowerGroup, a financial services research consultancy, said it expected total global average daily volumes on the FX market to exceed $3,000bn in 2007. FX volumes, which rose from $1,770bn in 2004 to $2,000bn in 2005, were set to rise to $2,600bn in 2006 and $3,600bn for 2007, as foreign exchange became accepted as an asset class in its own right according to TowerGroup"

Guys, I suggest to wait for the 2007 BIS study and speak about the facts. I'll remove this info, nevertheless it is still available here, in the Discussion section.

HIBOR

HIBOR redirects here but it isn't mentioned in the article. What is the purpose of the redirect? Shouldn't it better redirect to LIBOR? (SIBOR, TIBOR and Euribor have their own articles). MMMMM742 (talk) 17:37, 12 November 2009 (UTC)

Looks as if it stands for Hong Kong Interbank Offer Rate[1]. Why not create a stub?--Hu12 (talk) 15:58, 13 November 2009 (UTC)

Citations needed!

"For shorter time frames (less than a few days) algorithm can be devised to predict prices. Large and small institutions and professional individual traders have made consistent profits from it."

Can we please get some citations for these "consistent profits", especially for "professional individual traders". All I see is the constant barrage of marketing hype for FOREX robots, not something that indicates serious research. Znmeb (talk) 18:53, 22 February 2010 (UTC)

removed dead link Risk Aversion in Forex from " see also " added improved version of Risk Aversion in Forex. Moved from my userspace after guidance from IRC. KoalaLovesWiki (talk) 19:13, 27 February 2010 (UTC)

Removed link : *Forex Trading Accounts Forex Yard. By IP Address 62.219.145.234 . Possible Advertisement. Ip history shows past entry of links too. KoalaLovesWiki (talk) 14:51, 2 March 2010 (UTC)