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Personal Investing by Edward Choi, Edwin Lim, Kaiwen Leong

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CHAPTER 6

HOW THE BIG BOYS DO IT

Have you ever wondered how banks seem to make millions from forex trading? We know that bank traders earn hefty salaries and bonuses just from trading in forex and it is still a dream job for many. So what makes them so special? Do they have an IQ that is way above average or do banks have bottomless cash reserves that they can tap on? Well, the answer is no. They are just like us, and there are limits as to how much they can trade. However, they have access to the years of experience that the banks have accumulated and training programmes that they undergo to hone their skills.

In the rest of this chapter, we are going to open the black box and share the proven techniques and strategies that bank dealers apply ...

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