Forex Exchange Info, Tips & Resources

Joe G asked:


How is the value of currency calculated? I don’t want answers like, (interest rates, or supply/demand). The new york exchange market is calculated by software written by people in the new york exchange market. Since the currency trade is open in many different countries, how is it calculated, does the software that tokyo use, different than in london? ect. Not sure if i asked this right, but I am wondering if there is some type of software that all banks share, and is it written by a european?
Follow up. The new york exchange deals with stocks. What exchange deals with currency?

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Warren Hutch asked:


I am an active investor, have done well with common stocks, Nasdaq and NYSE, but am new to foreign currency exchange. I do my own homework, and have had mixed experience with several forex brokers over the past months. I have used FXCM and Saxobank in London, both are rather large firms. While seeking a mentor, I recently received a promotion in the mail from an Atwood and James, which appears to be a small operation, but the fellow seemed to know a bit about forex, and spent the time to share his experience. So far, with the larger firms I am ahead of the game, but only slightly. Any suggestions or help or experience with smaller brokers? Anyone have experience with these Atwood and James people?

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