Forex

Novice traders: There are four groups in the forex market. There are the novice traders –
the greenies, the ones who try to outrun the bear and lose every time.
In addition to the novice traders, there are three other levels of
participation in the forex market: the dealers, the institutional traders, and the
advanced traders.


Dealers : The dealers are the most powerful and they make the market, setting prices
and putting together deals.

Institutional traders : The institutional traders work in banks, wire firms, or government
agencies. They trade huge amounts of money at a time, and the size of their
trades gives them enormous power

Advanced traders : comprised of people from all across the world,
sitting in smaller investment firms, offices, or even
their homes. You can be a part of this group. In
some cases, the advanced traders are the smartest
group – trade for trade – than any other group.
Because they don’t move a lot of money on each
trade, they don’t have as much power as the
institutional players.