Forex trading uses the currencies and stock markets of many countries to create a trading market where millions and millions are traded and exchanged every day. This market is similar to the stock market in that people buy and sell, but the overall market and outcome is much larger. Dealers in the forex markets include Deutsche Bank, UBS, Citigroup and others like HSBC, Braclays, Merrill Lynch, JP Morgan Chase and others like Goldman Sachs, ABN Amro, Morgan Stanley etc.
To get involved in the forex trading markets, it is in your best interest to contact one of these great broker support companies. Sure, anyone can participate in the forex market, but it takes time to learn what's hot and what's not and where to invest your money now.
International banks are the biggest users of the forex markets as they have to invest millions of dollars every day to earn interest and this is just one way that banks make money from the money you save in banks. Think about your bank all the time. Do you know if you can go there and get money from "another" country when you go on vacation? Otherwise, this bank will most likely not engage in forex trading. If you want to know if your bank is involved in forex trading, you can ask any manager or check the financial information sheets that banks are required to report to the public on a quarterly basis.
If you are new to the forex market, it is important to know that there is no one person or bank that controls all the transactions that take place in the forex markets. Different currencies are traded and come from all over the world. The most commonly traded currencies in the foreign exchange markets include the US dollar, the euro in the Eurozone, the Japanese yen, the pound sterling and the Swiss franc, and the Australian dollar. These are just some of the currencies traded in the forex markets and many currencies from other countries will also be included. The major trading centers for the forex trading markets are in Tokyo, New York and London, but there are other smaller trading centers around the world.