Cryptocurrency Q&A
Who buys forex?
Who buys forex?
Andrea
Mon Oct 14 2024
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7 answers
1309
I am curious about who typically purchases forex, or foreign exchange. I want to understand the types of investors or traders who engage in this market and their motivations for buying and selling currencies.
7 answers
SejongWisdomKeeperElite
Wed Oct 16 2024
The market's participants are diverse, including governments and central banks, which manage their country's currency reserves and intervene in the market to stabilize exchange rates.
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IncheonBeautyBloomingRadiance
Wed Oct 16 2024
The foreign exchange market, also known as Forex or FX, is the largest and most liquid financial market globally. It operates 24 hours a day, five days a week, and transactions take place across various time zones.
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Filippo
Tue Oct 15 2024
Other commercial corporations participate in the Forex market to hedge against currency risks related to their international operations. They may also engage in currency trading for speculative purposes.
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CryptoWizardry
Tue Oct 15 2024
Individuals, including retail traders and investors, also participate in the Forex market. They use various platforms and tools to access the market and execute trades, often with the help of brokers.
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JejuJoyfulHeartSoulMate
Tue Oct 15 2024
Commercial banks, another crucial player, facilitate transactions for their clients and engage in proprietary trading. They also provide liquidity to the market by acting as market makers.
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