Let’s look at how pricing works in the forex market.
In an exchange-based market, there is a “single market” that allows everyone to interact at the same prices.
In contrast, the FX market does not operate in a centralized public exchange. There is no “single market” which means there is no single “market price”.
There is no equivalent of a data feed like SIP that merges all the trades that occur and the best bid/ask prices that are quoted.
This means that the forex market does NOT have the equivalent of an NBBO for each currency pair that would provide an unambiguous “reference” price that every forex broker would have to adhere to.
If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade. With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful. Check out the Forex Smart Trade webinar. It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are. Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.