Jack Matthew Smith#64

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Who are the main participants in the global forex market?

The forex market is the largest financial market in the world, with daily turnover exceeding $7 trillion. Its participants range from governments to individual traders. Central banks are key players, intervening to stabilize currencies or achieve monetary policy goals. Commercial banks and financial institutions dominate interbank trading, providing liquidity and pricing. Multinational corporations engage in forex for hedging business transactions. Hedge funds and asset managers trade currencies for speculation, portfolio diversification, or arbitrage. Retail traders, growing rapidly since online platforms emerged, represent a smaller share but add significant volume. Benefits of diverse participation include liquidity and 24/5 operation. Risks: power imbalances favor institutions with deeper capital and technology. Understanding participants helps traders realize forex is not a level field but a hierarchy where each player has different motives.