Who Exactly Trades in Forex?

Though there are many possibilities for traders in the currency exchange, the majority of the foreign exchange market proponents are actually the banks themselves. There are insurance companies, financial firms, and the like who also partake in the rambunctious activities of the forex markets. Typically, though, the trades occur amongst banks, and each trade can involve millions of dollars. The range of income potential for day-trading with the Forex market is vast, with some individuals needing to work additional jobs while a minimal amount of others make huge swaths of money. Which Currencies Are The Most Traded In the Forex Market? Currently, the most popular trades for currencies are the Euro, the Yen, and the Pound. The USD is a frequently recurring competitor, but it is often used as the intermediary for triangular currency transactions.