The Forex Food-chain Just as it can be easy to miss the deeper market trends when monitoring currency pairs at shorter time frames, it can also be easy to lose sight of the wider forex-trading ecosystem when you’re overly concerned with the minor price fluctuations of your open positions. The forex market is a world unto itself, with all manner of players, from individual traders like you, all the way up to the interbank network and central banks. As an individual retail trader you are the smallest fish, you have the ability to buy and sell the same currency pairs as other participants, but you are have to go through a longer transaction chain than others in order to get hold of liquidity, as such you don’t receive the same prices as participants further up the hierarchy. You are also unable to affect the market with your trades because you are far too small to make any waves. Your role is to react to what is going on in the wider market and to position yourself accordingly. While this may seem like a disadvantage; it also comes with its advantages as we will see further on. Learning about all the entities that are large enough to move the waters, as well as knowing how and why they do, will be important to you as a trader. Understanding the wider structure of the market allows you to make educated choices and reduce the degree of randomness in you