What is Forex Market | Foreign Exchange Market | How does Forex Market Work | IFCM

What is Forex Market & How Does It Work

Forex Market is a decentralized global market where all the world's currencies are traded against each other, and traders make a profit or loss from the currencies’ value changes.
Forex Market is also known as Foreign Exchange Market, FX or Currency Trading Market.
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Forex 5.1$ trillion daily

Participants of Foreign Exchange Market

Foreign exchange market is composed of different participants, also called Forex market players, who trade on the market for quite various reasons. This means that participating in Forex market transactions does not take place simply for speculative purpose. Each of the participants plays its own role in the market providing the latter’s wholeness and stability.

The main players of the Forex market are:
  • Governments and Central Banks
  • Commercial banks and companies
  • Hedge funds
  • Brokerage companies
  • Investors
  • Retail Forex traders
  • Speculators
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