FACTS ON FOREX TRADING
* marketplace for exchanging national currencies against one another.
* Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.
* Major players in this market tend to be financial institutions like commercial banks, central banks, money managers and hedge funds.
* Global corporations use forex markets to hedge currency risk from foreign transactions.
* Individuals (retail traders) are a very small relative portion of all forex volume, and mainly use the market to speculate and day trade.