The main participants in the forex market are central banks, commercial and investment banks, hedge funds, pension funds, corporations and private speculators. An estimated 95% of the daily trading volume in the is done by speculators and investors - ranging from the individual trader to the leading banks of the world.
The remaining 5% is traded by companies and governments who need to convert profits made in the course of doing business into their domestic currency.
The advent of online trading has made the forex market more accessible than ever before - opening up the opportunity to individual speculators in a less expensive and more efficient manner.
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Wednesday, 7 January 2009
Forex Market Participants
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1 comment:
Following Commitment Of Trader report that tracks what bank, hedge funds, and big companies are doing in currency market can be really profitable.
This COT report is profitable due to the fact that 95% of forex players are bank, hedge funds, and big companies therefore there are the folks that moving the market.
Great post, I have added the excerpt of your post to my blog at Forex Trading Cafe
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