FOREX is an exciting world of huge volumes, small margins, and a nod and a wink, from what I can see. Its a world where volume dominates, and to be a volume player you need a lot of money of some flavor. This tends to restrict the price makers, to a small group of companies or players, and the story builds momentum from here, but in the future there will have to be a more considered approach to risk/reward, and so there should be. The value of risk is now being articulated in $, albeit still nowhere near enough. It has been out of balance for a long time now.
In the mean time, I passed out on the below news about LIBOR, which tabs at about $9b in fines todate and I am very confident more to come [you cannot keep a good lawyer in their box],
To be honest, I battle with Forex, as implicit is someway of valuing absolutely a currency....probably some learnings about valuing relatively, and absolutely some consideration on the market....so can you please enlighten us of your learnings...?
