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Unlike a stock market, where all participants have access to the same prices, the forex corner store is divided into levels of access |
| At the top is the inter-bank market, which is unnatural up of the largest investment banking firms |
| Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle |
| As you descend the levels of access, the difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR) |
| This is due to volume.
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The main trading center Forex Signals is London, but New York, Tokyo, Hong Kong and Singapore are all important centers as well. Banks throughout the world participate. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the North American session and then aback to the Asian session, excluding weekends.
