Forex market participants.

First of all, you should understand what the Forex market actually is; in fact, it is a virtual exchange that unites all existing currency markets.

The merger occurs due to the fact that Forex dealing centers use different markets or independently create trading platforms to increase liquidity.

Some people enter into agreements with several large banks, others simply enter the interbank currency exchange, and others use international exchanges. That is why the circle of participants in the Forex market is quite wide and diverse, but several main categories can still be distinguished.

Forex market participants - layout makers, national and central banks, large corporations, dealing centers, traders.

All of them influence the demand and supply of currency to varying degrees, and therefore form the market rate. • Market makers are the largest players; their role can be played by national banks or the largest corporations, as well as individual traders.

An example is the same George Soros, who managed to bring down the British pound. The main characteristic of a market maker is his ability to influence the exchange rate of a currency by buying or selling large volumes of it. • Central banks - their main task in the foreign exchange market is to regulate the exchange rate of national currencies; they can act as both buyers and sellers, depending on what needs to be done - strengthen the monetary unit or, conversely, reduce its rate.

• Dealing centers are intermediaries that organize dealing; sometimes their turnover reaches several hundred billion dollars per month.

Therefore, despite the fact that these participants conduct exclusively speculative trading, one cannot help but evaluate their influence on the foreign exchange market. • Traders - for the most part, these are small traders with deposits of no more than a few hundred dollars, but there are also large investors with billions of dollars in turnover.

The Forex market is quite complex and multifaceted; it is for this reason that it is not so easy to make an accurate trend forecast ; it is not known which of the participants or which of the events will most affect the existing situation.