The currency market is the largest market across the globe. It’s a digital site whereby one currency is merely exchanged for another.
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Risk reward ratiomonth
1 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
3 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
Most popular
6 - month
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
Lifetime
Subscription
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratioSeparate Swing Trading Group
Up to 5 signals daily
76% success rate
Entry, take profit & stop loss
Amount to risk per trade
Risk reward ratiomonth
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Payment methods
Trading platforms
Regulated by
Support
Min.Deposit
Leverage max
Currency Pairs
Classification
Mobile App
Rating
Total cost
$ 0
Commission
3.5
Min.Deposit
$100
Spread min.
Variables pips
Leverage max
100
Currency Pairs
40
Trading platforms
Funding Methods
Regulated by
FCA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
0.3
EUR/CHF
0.2
GBP/USD
0.0
GBP/JPY
0.1
GBP/CHF
0.3
USD/JPY
0.0
USD/CHF
0.2
CHF/JPY
0.3
Additional Fee
Continuous rate
Variables
Conversión
Variables pips
Regulation
Yes
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Rating
Total cost
$ 0
Commission
0
Min.Deposit
$100
Spread min.
- pips
Leverage max
400
Currency Pairs
50
Trading platforms
Funding Methods
Regulated by
CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA
What you can trade
Forex
Indices
Actions
Cryptocurrencies
Raw Materials
Etfs
Average spread
EUR/GBP
1
EUR/USD
0.9
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
Yes
CYSEC
Yes
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
Yes
CBFSAI
Yes
BVIFSC
Yes
FSCA
Yes
FSA
Yes
FFAJ
Yes
ADGM
Yes
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
Rating
Total cost
$ 0
Commission
6.00
Min.Deposit
$10
Spread min.
- pips
Leverage max
10
Currency Pairs
60
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Cryptocurrencies
Average spread
EUR/GBP
1
EUR/USD
1
EUR/JPY
1
EUR/CHF
1
GBP/USD
1
GBP/JPY
1
GBP/CHF
1
USD/JPY
1
USD/CHF
1
CHF/JPY
1
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
Your capital is at risk.
Rating
Total cost
$ 0
Commission
0.1
Min.Deposit
$50
Spread min.
- pips
Leverage max
500
Currency Pairs
40
Trading platforms
Funding Methods
What you can trade
Forex
Indices
Actions
Raw Materials
Average spread
EUR/GBP
-
EUR/USD
-
EUR/JPY
-
EUR/CHF
-
GBP/USD
-
GBP/JPY
-
GBP/CHF
-
USD/JPY
-
USD/CHF
-
CHF/JPY
-
Additional Fee
Continuous rate
-
Conversión
- pips
Regulation
No
FCA
No
CYSEC
No
ASIC
No
CFTC
No
NFA
No
BAFIN
No
CMA
No
SCB
No
DFSA
No
CBFSAI
No
BVIFSC
No
FSCA
No
FSA
No
FFAJ
No
ADGM
No
FRSA
71% of retail investor accounts lose money when trading CFDs with this provider.
The forex market dwarfs all markets such as the bond, stocks, and commodity by a substantial margin.
The forex market is composed of several currency pairs. However, for most of the international trades, the payments are made in Euro, the US dollar, and the Japanese Yen.
Also, the British pound, Australian dollar, Canadian dollar, Swiss Franc, and the Swedish krona are used.
The forex market is open 24 hours a day for five days a week. The currency pairs are exchanged in either the spot market, forward market, the swaps market, or the options market.
Major Forex Players
The currency market does have not only several players but also several types of players. Here are some of the major types of players in currency trading:
The Banks
When it comes to the interbank market, currency trading ranks highly. The banks in the interbank market trade the currencies with each other via electronic networks.
With the banks, those deemed to be large banks usually take the larger share of the total currency traded.
Furthermore, banks facilitate currency transactions for clients. When acting as dealers, the banks make profits via the bid-ask rate or merely spread.
Corporations
Firms that engage in exporting and importing goods and services conduct forex transactions in order to pay for such transactions.
Huge companies trade currencies to hedge all the risks that are associated with forex transactions.
Basically, these types of companies aren’t in the business of forex trading, but they are typically hedging as well as managing currency risks arising due to their fundamental commercial activities.
Hedge Funds
Literally, the banks are at the top of the list as dominant players of the currency market.
Following closely are the portfolio managers, pooled funds, and hedge funds. Investment managers usually trade currencies for huge accounts like foundations, pension funds, and endowments.
The funds employ the traders who speculate in the currency market as well as act as clients of huge market makers. Some funds execute the trades automatically on an algorithmic basis.
Central Banks
Another key player in the currency market is the central banks of countries across the globe.
Their great impact is as a result of the operations in the open market as well as the interest rate decisions. Moreover, they are responsible for forex fixing (an exchange rate regime).
Any action by the central bank in the currency market is done to correctly stabilize or simply increase a nation’s economy and its competitiveness. Besides, they engage in currency interventions to make currencies depreciate or appreciate.
A central bank may be responsible for weakening its currency by merely creating additional supply at specific periods of extended deflationary trends.
Individual Investors
Unlike financial institutions or companies, the number of forex trades by retail investors is low, but the volume is increasing.
Most retail investors base their trades on both fundamental factors as well as technical factors.
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The Bottom Line
The forex market is not the largest for nothing: It empowers a vast of players from the central banks to the retail investors.
Various strategies can be used in forex trading, such as carry trade, which has a significant impact on the global economy.
Therefore, as a trader, knowing all the players in the forex market will benefit your trading experience.
