Why does forex have a bad rep? | Currency Futures


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Why does forex have a bad rep?

  #37 (permalink)

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Blash View Post
. Spot FX is also referred to as gambling by some because there is really zero way to know what or how much volume is being traded since nothing is centralized.



Ron




mattz View Post
I don't think this is true. Some FX firms have very deep liquidity providers and have the ability to disclose it. Some have very poor liquidity providers, and their volume is not significant, so they may choose not too.

However, The OTC market, has oppose to a centralized exchange will always have a lot more of "it depends" when it comes to many trading variables.



Matt Z

Optimus Futures



There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.


I guess I'm confused.

The statement is.... "Some" refer to it as gambling .... I refer to it as such. Four years ago I was at a trading seminar in a university lecturer hall were the educator up front held this belief as well so there are two people right there and I know others think the same way. Some were right next to me possibly.
If poor liquidity providers have volume that's not significant, which is relative, insignificant to one person and significant to another, for example, I want to see all of it, so they may choose not disclosed it. It's again back to gambling for me more so than other trading instruments. Not complete gambling just not the type of edges I would invest time in.

I should of perhaps said "zero way to completely know for sure exactly how much volume is being traded...."

Ron

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