"Simultaneously buys and sells the same currency", do you believe that?

Discussion in 'Forex' started by OddTrader, Jul 2, 2008.

  1. It says: "They are even thinking about building a black box for doing interbank currency trading electronically. The idea is to trade all the world's currencies in a rapid-fire system that Simultaneously buys and sells the same currency" on The Predictors (by Thomas Bass; p.305), do you believe that?

    How they do that?
  2. Buy from one dealer and sell to another one.
  3. Exactly.

    This worked well once upon a time when computers were something elaborate and difficult to understand.

    Now interbank traders platforms automatically look for the bid/ask.