I had been interested as to how cost is put, so I requested that a mentor at one of the classes I've paid for (He takes us through reside transactions every day. I have heard a good deal about Forex this manner...simply have not made any cash) How see on the monitor for a money.

His response was...the banks.

I inquired, the central banks such as BOE, BOJ, etc? He said no, it was not the banks, and he did not understand precisely what banks they had been.

Thus, now I am interested. Who determines? What Banks are those? And that at the banks have been involved with this...or is it automated {}? Do they utilize supply and need to set the cost...or several other facets. And so are there rules and regulations controlling?

Is there someplace I can go to comprehend this process more completely?