Forex trading uses currencies from different countries and the stock market, creating a trading market where millions of transactions and exchanges take place every day. This market is similar to the stock market in that people buy and sell, but the market and overall results are much larger. Those involved in the forex trading market are Deutsche Bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan, and others such as Goldman Sachs, ABN AMRO, Morgan Stanley, and others.
To participate in the forex market, it would be in your best interest to contact any of these large brokerage assistance companies. Of course, anyone can participate in the forex market, but it does take time to learn what is hot, what is not, and where you should put your money at this time.
International banks are the biggest users of the forex market as they have millions of dollars invested every day to earn interest, and this is just one way how banks can make money with the money you have in their bank. Think about the banks you deal with all the time. Do you know if you were to go out on vacation, would you be able to go there and get money from the “other” country? If not, that bank is probably not involved in foreign exchange trading. If you must know if your bank is involved in forex trading, you can ask any manager, or you can look at the financial information sheets that the bank has to report to the public every quarter.
If you are new to the foreign exchange market, it is important to realize that no one person or bank controls all transactions in the foreign exchange market. Transactions in all kinds of currencies will come from anywhere in the world. The most frequently traded currencies in the foreign exchange market include the U.S. dollar, the euro in the Eurozone, the Japanese yen, the British pound and the Swiss franc, and the Australian dollar. These are just a few of the currencies traded on the Forex market, and many other countries’ currencies will be included. The main trading centers of the foreign exchange market are located in Tokyo, New York and London, but other smaller trading centers are also located around the world.