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The foreign exchange, or forex market is high risk and sees more than $5 trillion traded daily. Traders have to go through an intermediary such as a forex broker to execute trades. No matter the Most small retail traders trade with relatively small and semi-unregulated forex brokers/dealers, which can (and sometimes do) re-quote prices and even trade against their own customers. this will be the third bump today. should have a move down to 1.31 in short order. hard to envisage a way the Euro could rally beyond 1.34 here. i think the move today is likely to be a response to the UK QE. wait. look at me pontificating on reasons for forex stuff. i have no edu-ma-kation on forex so forget my ramblings.