Centralized exchange for forex trading

[gkintl]

As everyone would be aware of, forex is a OTC (over-the-counter) market with no centralized body governing the settlement process. Even though it has indirectly resulted in tremendous growth, still, the market is plagued with scams. Every year several brokers close shop or swindle hard earned money of traders. Will it not be nice if forex is traded in a centralized exchange similar to stock market. This will guarantee settlement process and nullify scams. Regulatory bodies have little control over forex brokers. Before they find out a mishap and fine the broker, so many would have lost invaluable savings of theirs. If the execution is routed through an exchange then it is possible to trace orders and be rest assured that payment issues will not arise. There are some countries like India (only Indian Rupee pairs are traded presently) which have initiated the same. What is your thought about it?

 

[Decub]

You really have a point here and as a matter of fact, I was thinking about this sometime ago that making the business a controlled one where a particular body, even if it has to be one international body that will house it, perhaps something close to IFSC even if it has to be of a different motive or role but on a second thought, I came to the conclusion that Forex has come a long way and even from time immemorial, it has been that way.

 

[sindarin]

The exchange will be decentralized dude, i mean the liquiditors like JPMorgan or Goldmas Sachs but you can make them meet in the one place, if you ever trade in Dukascopy they have something called Centralized-Decentralized, where they put those liquiditors into a centralized place called SWFX and it is totally efficient.

 

[Pettyeve]

Forex cannot be centralized. It is already a decentralized system of exchange right from the time it started. May in this time, there will be an international body that will control every thing going around it but it will still be decentralized.I think it is okay the way it is now with the brokers regulated by regulatory bodies.

 

[Decub]

Well, never say never. It is a decentralized system though with a lot of activities going on without a controlled system. Do not be surprised when a body comes up under an international society to control some brokers excesses by looking into what goes on inside of Forex.

 

[Tom Latham]

Well, never say never. It is a decentralized system though with a lot of activities going on without a controlled system. Do not be surprised when a body comes up under an international society to control some brokers excesses by looking into what goes on inside of Forex.

That’s the point; Forex isall about decentralized market! And, this is why there is no question on transparency.

 

[Gito Dinev]

The Forex market is considered an over counter market because transactions are conducted between two counterparts over the telephone or via an electronic network.

 

[Mark Dahl]

Forex trading is a form of buying and selling currency pairs where the price of one currency is dependent on the price of the other.

 

[FXOpen Trader]

Forex trading is a form of buying and selling currency pairs where the price of one currency is dependent on the price of the other.

When we will be able to learn about the current market trends we can start making more income also.

 

[Eduardo Lucchese]

You need to have proper knowledge and skills.

 

[Oscar Shumack]

Without a proper plan no traders can become successful in this market.

 

[FXOpen Trader]

Without a proper plan no traders can become successful in this market.

If we are actually doing our trades according to a Trading based plan then the income we will get is going to get increased.

 

[Azure]

It would be really great if it is done somehow. It has not been done until now because there are strong reasons. All the nations will have to join in on this. It can be done using today’s technology advancements but it requires effort from every nation that participates in forex.

 

[Cooper Truebridge]

If you think forex is limited, it is not possible. It is not centralized but decentralized trading and is a platform known as currency exchange all over the world.

 

[Alicia Lynch]

Forex trading is not a centralized part. If you trade here you will understand the dominance of this market.

 

[Alexander Hudson]

Forex trading needs proper knowledge and skills.

 

[Malapropism]

It seems to be possible if the demand of a centralised institution keeps on increasing. I think if it is done, it would be a totally different trading experience altogether.

 

[Nayek Pichai]

Expert traders always rely on strategies and stick to it. Strategy tells traders the direction. Strategy-based trading is highly essential for a trader and strategy refers to a set of indicators used to forecast the market’s movement down the road. Make your strategy proven by trading over time.

 

[FXOpen Trader]

Expert traders always rely on strategies and stick to it. Strategy tells traders the direction. Strategy-based trading is highly essential for a trader and strategy refers to a set of indicators used to forecast the market’s movement down the road. Make your strategy proven by trading over time.

It will take us some time before we will be able to become Expert traders in the business of Forex trading.

 

[LouBega88]

I agree to the statement that Forex can make you rich but you should nurture the get-rich-quick tendency in your mind. Because, it will make you fail from forex traders as it is greed. This greed influences you to take more risk in trading.