The major participants of the Forex market are commercial and central banks, large corporations and hedge-funds. However, you do not need to have millions or thousands of dollars to start! Due toleverage and marginal trading, you can start trading with $100 or $500 and enjoy the same trading conditions as the large market players. There are even Micro and Mini accounts that let you trade with as little as $1.
Unlike stock futures market, Forex is does not have a central location, where trading normally takes place. Banks and other market participants are connected to each other via electronic communications networks (ECNs). Forex trading continues 24 hours aday, 5 days a week from Monday to Friday. This decentralized structure allows traders to buy and sell currencies without extra fees and commissions. It also provides access to trading anytime and from anywhere in the world.
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