Who Trades Forex?

The best part of Forex trading is anyone can do it! There is a low barrier for entry and you don’t need too much money to get started, making it the perfect way to make money online in 2021.Still, it’s helpful to know all the players in who is trading Forex. There are basically two types of traders in the foreign exchange market.

Hedgers

Hedgers are looking to avoid extreme movements in the exchange rate. Big businesses like doing this to reduce their company being exposed to foreign currency movements.

Speculators

Speculators, which is the average trader, probably like yourself, who are risk seeking (and reward seeking!) who are looking for changes in exchange rates to take advantage of. This includes retail traders, solo traders, and large trading desks at the banks.

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