Hello everybody!
Recently I've read a couple of articles about the Consortium of largest world banks and their EBS system. The main idea is that FOREX, unlike stock market, is not a market at all, and EBS is able and practically moves currencies anywhere it wants to, regardless of any fundamentals.
So, the objective of technical analysis is to understand the algorythm of quoting used by the "main computer" of the EBS.
It's very interesting for me - what do experienced traders think about it? Do we trade on the market or it's just a planetary computer game?
Thanks a lot! if someone give his opinion..