Forex market does not have a specific real location. That is the usefulness of the trading platform (metatrader). The trading platform describes the state of the forex market. The process of transactions in forex occurs quickly and can transact in a very large amount. Then who are the market participants in the forex trading market?
Market Participant In Forex Trading Business
Generally, forex market participants come from many factions even including governments, Banks and Financial Institutions, Multinational Enterprises, Speculators, Brokers, and traders from the common people like us, here's the explanation. The most influential market player is the government. Government representatives can be seen in the Central Bank which is actually an extension of the government in carrying out its policies. The budget of a country's spending is certainly very large, covering between countries and continents. So that the share of a state government is very influential in the world of forex, especially especially the government of big countries like the United States.
Banks and Financial Institutions
Banks and financial institutions are also the most active market participants. Because there are Central Banks that represent government, large private banks and commercial banks generally. But the most influential banks are generally multinational bank banks. There are major players in forex business such as: Because they deal with financial institutions and with banks in buying and selling currencies to meet their own needs or to serve the needs of its customers. This is what causes the value or price of currency continues to move up and down on the forex market. Banks are the most dominant forex market players trading up the currency, to create Interbank Market / interbank market. Banks transact each other, and prices that occur therein that ensures the exchange rate of currency.