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[Razor1911]

The forex market is very vast. It is not confined to a single country or territory, The global market will decide the price of a pair. But does any of the country has any control over it?

The answer is not simple. Directly no country or govt can have control over the forex market since its price is determined by the traders only. But indirectly the authorities do control the price by amending monetary policies. The finance dept of a country can alter the valuation of their own currency, and that will effect the forex pairs.

 

[CyberPreNurse]

Top countries like the United States of America exert some level of influence over the forex market and this usually gives them some control whenever they make finance policies.

 

[Bousine00]

This is one question that has been lurking in my mind for a while. But I think there isn't actually anyone in control of the forex market.

 

[Ofonime]

This is one question that has been lurking in my mind for a while. But I think there isn't actually anyone in control of the forex market.

Thanks for that but I think the USA goverment has an hand in it,do you know why?because the broker you use need to be register with the usa goverment but you battle with the market on your own,wether you loss or gain

 

[ashim kate]

The forex market has been designed in such a way that nobody or even a whole country has a particular control over it. They can be able to manipulate the prices to a large extent over sometime but then they cannot completely exert their own control over it because there are way too many people that are involved in it. That is the beauty of it.

 

[dorcasy]

Based on what I know about forex,the price exchange were by a currency have power over the other could be the relativity in the movement of currency,for instance in EurUsd pair,a devastating news or an inflation in price of goods in USA can affect the dollar rate which will inturn gives Euro an upper hinge.
Updates like this are the fundamentals that affect price movement in Forex.

 

[Kingsleyy]

Based on what I know about forex,the price exchange were by a currency have power over the other could be the relativity in the movement of currency,for instance in EurUsd pair,a devastating news or an inflation in price of goods in USA can affect the dollar rate which will inturn gives Euro an upper hinge.
Updates like this are the fundamentals that affect price movement in Forex.

To me I don't believe there is anyone that have control over the forex market because if anyone has control of it the person obviously can be able to manipulate the market to his or her own advantage but this is not true, even the broker do not really know how to predict the movement of a particular currency pair, the volatility of the market is very difficult for people to manipulate.

 

[dorcasy]

To me I don't believe there is anyone that have control over the forex market because if anyone has control of it the person obviously can be able to manipulate the market to his or her own advantage but this is not true, even the broker do not really know how to predict the movement of a particular currency pair, the volatility of the market is very difficult for people to manipulate.

While do people trade forex instead of synthetic indices,if you feel the forex market does not have control then why do we see a bull run and bear run happens,what really influenced it.
The market is controlled by price actions except you will say those that trade forex are Gamblers and they enter the trade blindly.

 

[Kingsleyy]

While do people trade forex instead of synthetic indices,if you feel the forex market does not have control then why do we see a bull run and bear run happens,what really influenced it.
The market is controlled by price actions except you will say those that trade forex are Gamblers and they enter the trade blindly.

Well I may not really understand much about forex and you may go on to teach me more about it but my main consideration is cryptocurrency, but if traders can be able to understand how this market is being controlled can't they use it to their own advantage ,?

 

[Kubiat-Abasi]

Well, I don't think Forex market is totally or completely controlled by any facet although there are some countries that have higher influence on it when compared to others. Higher-tier Countries like the United States of America (USA) exert some degree of influence over the Forex trading market and this usually gives them some control whenever they make finance policies.

 

[dorcasy]

Well I may not really understand much about forex and you may go on to teach me more about it but my main consideration is cryptocurrency, but if traders can be able to understand how this market is being controlled can't they use it to their own advantage ,?

That is the reason people tend to see forex as gambling, normally there are some patterns you see in your chart board and it can repeat severally, making you think that the trade will move in the same direction.
There is a 70 percent chance that your prediction will happen but this is not always the case because the market my make some pull backs before going the main direction.

 

[Wisdom01]

The forex market is actually not controlled by anyone ,it's only the market capitalization of those coins that could be controlled by the government , because of the effect they placed on the supply of those currencies ,the forex market is not controlled by anyone if not traders would have been seeing different kind of unknown price and manipulation

 

[Kingsleyy]

That is the reason people tend to see forex as gambling, normally there are some patterns you see in your chart board and it can repeat severally, making you think that the trade will move in the same direction.
There is a 70 percent chance that your prediction will happen but this is not always the case because the market my make some pull backs before going the main direction.

So now based on your explanation forex trading is a pure gambling and people shouldn't engage in it ? is that what you're trying to say ? But if you think it is a gambling then why are people with proper knowledge and understanding making money from that business ? Because there is no expert in gambling.

 

[dorcasy]

So now based on your explanation forex trading is a pure gambling and people shouldn't engage in it ? is that what you're trying to say ? But if you think it is a gambling then why are people with proper knowledge and understanding making money from that business ? Because there is no expert in gambling.

I am not really saying that is gambling,I am saying that there is definitely a prediction to the direction at which the market will go.
Look at the life we are living,what guarantee do we have that tomorrow is certain,that's forex for you we can only believe that the trade will go in our direction,what if it goes otherwise.

 

[Kingsleyy]

I am not really saying that is gambling,I am saying that there is definitely a prediction to the direction at which the market will go.
Look at the life we are living,what guarantee do we have that tomorrow is certain,that's forex for you we can only believe that the trade will go in our direction,what if it goes otherwise.

Hahahhaha, so indirectly life is also a gambling ,you are funny.. but I understand that there are some forex traders that can be able to predict the market to at least 80% accuracy, although this is what I read from the internet but I've never been in a position of seeing people predicting up to that.. don't you think so ?

 

[dorcasy]

Hahahhaha, so indirectly life is also a gambling ,you are funny.. but I understand that there are some forex traders that can be able to predict the market to at least 80% accuracy, although this is what I read from the internet but I've never been in a position of seeing people predicting up to that.. don't you think so ?

You know that 1 + 1= 2 and this cannot change no matter the condition for circumstances,so if you see similar question any were you can answer it without doubt.
We make gambling look as if it's only particular about sports betting which is not so, any activity that is built on fifty fifty chance and will give you a reason to doubt is gambling.

 

[Kingsleyy]

You know that 1 + 1= 2 and this cannot change no matter the condition for circumstances,so if you see similar question any were you can answer it without doubt.
We make gambling look as if it's only particular about sports betting which is not so, any activity that is built on fifty fifty chance and will give you a reason to doubt is gambling.

Forex trading might be a gambling, betting might also be a gambling based on how you explain but I don't really think cryptocurrency is really a gambling because with cryptocurrency even if the price or the value of your coin is going down the possibility of gaining is still very high..

 

[Balint098]

There are many factors that can influence forex. Even unpredictable disaster like the current Covid pandemic can hugely influence forex. Other influences, like, government major decisions on how to manage their currency, and how they handle trade with other countries are all contributing factors in forex. Though, the rich and powerful can also game the market.

 

[Wisdom01]

So now based on your explanation forex trading is a pure gambling and people shouldn't engage in it ? is that what you're trying to say ? But if you think it is a gambling then why are people with proper knowledge and understanding making money from that business ? Because there is no expert in gambling.

OnE Thing that differenciates it from gambling is that ,with strategies the person can starts earning profit ,it's the reason I prefer forex trading to anything and gambling is 99 percentage based on luck ,you need to play with luck to earn unless the person would earn nothing after investing a whole lot of money too tho

 

[Dav1d]

In terms of control, I don't really think any country can bost of them owning the forex market or even controlling it. But I believe there are some countries that have some influence in the forex market, like does currency pairs classified as major. I believe the United States also have the largest market in the world, this might also influence the forex market to some level but not really control it.