Forex Market Traders

February 9th, 2010 by admin

Forex Market Traders: The Forex markets are highly liquid markets which are generating daily around $3.976 trillion globally.

The forex is decentralized where the traders have to run their transactions through a number of dealers that gives an opportunity of rate comparison.

The forex market participants are Banks, commercial companies, central banks, retail foreign exchange speculators money transfer companies and hedge funds as speculators.

The trade runs with any of two currencies in this pair of currencies first currency is called  Base currency and the second currency is Counter currency or trade currency.

The forex markets are open 24 hours through out a business week depending upon the Greenwich Time zones (GMT) and over the count (OTC).

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Posted in Forex Market, Forex Trader, Forex Trading, Trading Currencies
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