Who Can Trade Forex?

While the big players in the Forex markets tend to be Central and Commercial Banks (and increasingly Hedge Funds) the Forex markets are in fact open to anyone to trade.

An ever increasing number of retail brokers are offering low deposit accounts and sophisticated online trading platforms. This means that today, anyone with access to an internet connection and a small amount of starting capital can participate in the potential gains available from the Forex markets.

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Which Currencies Are Traded?

While all international currencies are traded, the market is dominated by eight majors. There trading popularity is due to the strength and security offered by the underlying economies of the Banks that issue them.

The Commodity currencies are so called because of the economic underpinning of their economies on the production of raw materials such as oil, minerals and precious metals.

Other more exotic currencies are traded, but in much smaller amounts. Among these ‘exotic’ currencies are the Hong Kong Dollar (HKD), Polish Zloty (POL) and the South African Rand (ZAR).