Hello
Stupid noob question here:
Is there any connection between where traders (small/large/professional/hedge funds) or brokers are geographically based/located, and the currencies they trade in? So, for example, Asian traders would concentrate on AUS, YEN, NZD pairs during the Asian session, and hence the volatility of these currencies would be higher at this time than say EUR/USD?
And a related question: if a U.S. based bank (“smart money”) is wants to consolidate positions during the Asian session, do they do so via stop/limit orders, or entrust their Asian colleagues to execute for them? Maybe it’s not essential to know the mechanics of how they would do it, just curious.
Hoping some wiser and more knowledge member here could provide some kind of answer, please!