The whole concept of the retail spot fx market was to induce liquidity expansion. So named smart money is merely nothing more than the ebb/flow masters.. (commercials) Hedgers get a play in this game to offset the Commercials potential to dominate price control and thus protects the dynamics of a analog market fluxation. Speculators are nothing more than fountain change to clean up at the end of each day. Once a speculator comes to reolize and understand this, one gains the insight to achieve the goal of personal success. fear not my fellow traders regulation will only come as another smoking mirror that gives each trade saddle personal discretionary interpritation. It will always be what it never was...
"Look Left Think Right"