Newbie question

[aussierob]

Hi all,

I havent started live trading yet, but I was wondering:

What the effect of trading on a given currency pair has on the value of that currency.

For example, would buying 10 standard contracts cause the currency to rise in value due to your purchase? How how sensitive is the market to BUYS and SELLS?

Rob

 

[BentRod]

Rob,
No chance of moving the Forex market mate.

It's too big.

 

[aussierob]

Cheers for the speedy response

 

[tayser]

You could move the price one or two pips on a small ECN if you max our their liquidity...

you'd temporarily be moving the market inside the broker if you went to place an order for 5000 (lots are to the nearest thousand on MBT) - but would it be reflected with other brokers? most likely no, you'd need to be trading in the billions...