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Sunday, May 31, 2009

Who are the Forex Trading Customers?

By Calvin Wapasa

Forex trades rely on stock market currency from a variety of countries to create a buying and selling market where millions of deals are carried out on a daily basis.

The ones doing transactions in the forex stock market include the Deutsche bank, UBS, Citigroup, and others for example: HSBC, Barclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so forth.

To get your hands dirty in the forex exchange, making a connection with any of these gigantic businesses is going to be in your best interest. Anyone can put their money into the forex stock market, but it does take time to learn about what is hot, what is not, and how you should invest your money.

The largest contributors to the forex market are international banks, as they have the cash flow to invest heartily, where they earn huge sums of interest, and this is one example of the savings accounts of millions of people making money hand over foot. Look at the local banking institution where you deposit your money.

Do you know if you can go there, and obtain money from 'another' country because you want to vacation there? If not, that bank is most likely not involved in forex trading. If it is crucial for you to know your bank's status in foreign markets, you can visit your bank directly or simply check the background information that is required they report to the general public.

If the forex market is new to you, it is important to realize there is no one person or one bank that controls all the trades that occur in the forex markets. Several currencies are involved in trades, and they are bought and sold across many countries. The common monies traded in the foreign markets are the Eurozone euro, the yen, the Australian dollar, and the Swiss franc.

These currencies are just a small part that are bought and sold on the forex exchange, with several other countries currencies to be included as well. The main trading centers for the forex trading markets are in New York, London and Tokyo but with other smaller trading centers located thought out the world as well. - 23208

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