The main participants in the forex market are central banks, commercial and investment banks, hedge funds, pension funds, corporations and private speculators. An estimated 95% of the daily trading volume in the is done by speculators and investors - ranging from the individual trader to the leading banks of the world.
The remaining 5% is traded by companies and governments who need to convert profits made in the course of doing business into their domestic currency.
The advent of online trading has made the forex market more accessible than ever before - opening up the opportunity to individual speculators in a less expensive and more efficient manner.
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