But, who acts and intervenes in the market? Are all investors equal?
No. There are large institutional investors, and there are small private investors. The first move large sums of money, tend to invest long term and move mainly based on the analysis of changes in economic fundamentals (the data), and less subjective impressions or emotions, though these are. They are the ones that really affect prices. Small investors tend to invest in a more emotional and with a short-term horizon, and its influence on prices is naturally lower. Ie, it is mainly the reason that drives prices in the long term. A little more depth, based on what they decide their investments in the forex retail investor? What is clear is that they are not able to calculate intrinsic values of companies listed. Only the big investors, analysts and professional wealth of information on both technical and fundamental, can calculate the intrinsic value of a currency. Private investors are mostly speculating with the price, and acting on intuition. Can not estimate the value but estimated f
