The foreign exchange market is by necessity a global and 24-hour market.
The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies. Their clients also include large financial services firms that trade on behalf of investment banks and other customers.
Any individual forex broker firm will handle only a small portion of the volume of the overall foreign exchange market.
KEY TAKEAWAYS
- Forex, or foreign exchange, trading is primarily between pairs of currencies of the nations that are represented in the G10.
- The clients of forex traders are currency speculators or investors for large institutional clients.
- Interested investors have a number of choices among forex traders online.