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Traditionally, access to this market had
been restricted to major corporations, hedge funds, and other
institutional investors. Most of the world’s major banks are
heavily involved in the foreign exchange market and have been
for years. Until recently, the individual trader had no way to
access this market, because there was no way to compete with the
“big boys” on a level playing field.
In the 1990s, the forex market was finally able to open its
doors to retail clientele.
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Online forex market makers opened the gates (and made fortunes),
by breaking huge trading positions into “bite-sized chunks” that
individuals could buy and sell.
This means that individuals can now trade alongside the biggest
banks in the world and even use the same techniques and
strategies that professional traders use. Suddenly, the trading
landscape has changed, and traders have a “new” alternative to
stock and futures markets. |
