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Forex Market Participants

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Participants in the Forex market

Forex (foreign exchange market, forex) is an international market in which banks exchange different currencies. To understand how huge this structure is, we note that the turnover of foreign exchange transactions averaged $ 1 billion in 1 day in 1977, and in 1997 a little more than $ 1 trillion. Dollars, and in 2010 - already 4 trillion. Dollars. According to forecasts, by the end of 2020 the daily turnover will exceed about mark in 10 trillion. Dollars.

Forex operates almost 24 hours a day: when the stock exchange in Tokyo (at 11 am Moscow time) ends, the stock exchange in London begins to work, and 1.5 hours before its closure (at 16:30 Moscow time) the financial market opens New York.

 is an international market in which banks exchange different currencies Forex market Participants

Among the main participants in the Forex market are the following categories:
  1. Central and commercial banks, the objectives of the first include the regulation of the national currency, as well as the impact on the economic situation of their country; the latter are the holders of accounts through which other participants conduct their operations;
  2. Investment funds placing funds in the assets of foreign firms, as well as companies that carry out trade transactions with organizations in other countries. For doing business with foreign partners, importers buy currency, and exporters sell it through Forex;
  3. Currency exchanges, brokers. Currency exchanges exist in some countries, with their help legal entities carry out currency exchange, in addition, the functions of such exchanges include regulation of the market exchange rate. Brokers act as intermediaries between buyers and sellers of foreign currency, while charging a certain commission for their services;
  4. Private individuals - since 1986, any person can invest free financial assets in this market. The number of individuals wishing to make a profit on Forex is constantly increasing. Thanks to certain knowledge, anyone can work on Forex and earn money.

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