Long term trading ki strategy

exchange as an asset class, the increased trading activity of high-frequency traders, and the emergence of retail investors as an important market segment. The growth of electronic execution and the diverse selection

of execution venues has lowered transaction costs, increased market liquidity, and attracted greater participation from many customer types. In particular, electronic trading via online portals has made

it easier for retail traders to trade in the foreign exchange market. By 2010, retail trading is estimated to account for up to 10% of spot turnover, or $150 billion per day (see retail foreign exchange platform).

Foreign exchange is an over-the-counter market where brokers/dealers negotiate directly with one another, so there is no central exchange or clearing house. The biggest geographic trading center is the

United Kingdom, primarily London, which according to TheCityUK estimates has increased its share of global turnover in traditional transactions from 34.6% in April 2007 to 36.7% in April 2010. Due to London

's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the International Monetary Fund calculates the value of its special drawing rights every day, they use the London market prices at noon that day.

Market participants[edit]
Financial markets

After WWII, the Bretton Woods Accord was signed allowing currencies to fluctuate within a range of 1% to the currencies par.[30] In Japan the law was changed during 1954 by the Foreign Exchange Bank Law,

so, the Bank of Tokyo was to become, because of this, the centre of foreign exchange by September of that year. Between 1954 and 1959 Japanese law was made to allow the inclusion of many

more Occidental currencies in Japanese forex.[31]

During 1991 the republic of Iran changed international agreements with some countries from oil-barter to foreign exchange.[58]

At the time of the closing of the year 1913, nearly half of the world's foreign exchange was conducted using the Pound sterling.[25] The number of foreign banks operating within the boundaries of

London increased in the years from 1860 to 1913 from 3 to 71. In 1902 there were altogether two London foreign exchange brokers.[26] In the earliest years of the twentieth century trade was most active in Paris,

New York and Berlin, while Britain remained largely uninvolved in trade until 1914. Between 1919 and 1922 the employment of foreign exchange brokers within London increased to 17, in 1924 there were

40 firms operating for the purposes of exchange.[27] During the 1920s the occurrence of trade in London resembled more the modern manifestation, by 1928 forex trade was integral to the

financial functioning of the city. Continental exchange controls, plus other factors, in Europe and Latin America, hampered any attempt at wholesale prosperity from trade for those of 1930's London.[28]

During the 1920s, the Kleinwort family were known to be the leaders of the foreign exchange market; while Japheth, Montagu & Co., and Seligman still warrant recognition as significant FX traders.[29]

After WWII[edit]