Who is participating in FX market trades

The trading that exists between currencies of two countries is termed as the foreign exchange market or the Forex market. These exchanges of currencies are facilitated by brokers or a financial institution in the timeliest manner.

Today, FX trading is no longer strange to the masses and many individuals are already engaged in this business, which really does not come very far from the stock market. The difference between the two, however, is that Forex is comparatively larger in scale than the Forex market.

Practically all kinds of individuals and institutions are engaged inFX such as the banks, governments, businesses, brokers, and even individual traders who are often called speculators. The state of the financial market and the economy is what determines the state of the currency of a particular country.