Who controls the forex market?

[TOZZIBLINKZ]

The foreign exchange market, also known as the forex market, is a decentralized market, meaning that there is no central authority or organization that controls it. Instead, the forex market is made up of a global network of banks, financial institutions, and individual traders who buy and sell currencies. However, there are some key players in the forex market who can have a significant influence on exchange rates and market conditions. These include:

CENTRAL BANKS: Central banks, such as the Federal Reserve in the United States and the European Central Bank, have the ability to influence exchange rates through monetary policy decisions, such as setting interest rates.

COMMERCIAL BANKS: Commercial banks, such as JPMorgan Chase and Citibank, are also major players in the forex market, as they provide services such as currency exchange and international money transfers to businesses and individuals.

HEDGE FUNDS AND INVESTMENT BANKS: These institutions often trade currencies in large quantities, which can have a significant impact on exchange rates.

NON-BANK PARTICIPANTS: Non-bank participants like retail investors, money managers, and other financial institutions also have a big influence on the market as they bring liquidity to the market.

It's advised to note that while these players may have a significant influence on the market, the forex market is highly dynamic and is affected by a wide range of factors, including economic conditions, political developments, and market sentiment.

 

[Yakub02]

Forex trading , being a dynamic business of this century that everyone is now talking about. It is a form of independent business that anyone can venture into.

The controls they say is in hands of Commercial bank, Central banks and other regulating bodies.

My concern is that why can't the International Monetary Fund IMF key into this scheme and start promoting it like the way Sports and entertainment is being promoted Globally.

The promotion should be in such a way that it will all inclusive. Since it is a business that can liberate the youths and the world at large, they should promote it and draw the mind of the youths to it so that more people will start going into it.

Sports like Football, volleyball, handball, relay etc are being promoted and they attract a whole lot of money. Likewise the the International Monetary Fund should work in alliance with all Apex banks in the world . While the Apex banks globally should encourage the commercial banks in their domain to make it a point of duty to draw more people into forex trading.

The beauty of it is that the way it is being promoted every time in my country media is that it is a business that anybody either young or old can do without much ado.

 

[FXOchartist]

Forex market is huge market with many market participants from big institution until retail trader like us. Actually no one can control forex market, however big funds can influence the market, bank central has big role to control currency rate to adjust the needs for export and import business.

As retail trader only follow the market and can't control the market, here retail trader looking the broker as bridge between trader to the market forex, I choose FXOpen broker because regulated and low spread broker with long experience in financial market more than 16 years

 

[CALVINDOL]

The forex market is considered to be a decentralized system which simply means that it does not have a particular controller or a particular directive however there are so many things when it comes to controlling and directing of forex platforms however some of these things may include central bank's commercial banks and most importantly tetfund and headfunds. To some extent the forex platform is also controlled and managed by various non-banking individuals such as me and you however this individuals helps to maintain the 24-hours running of the marketing platforms when it comes to forex trading however they even upload copy trading and AI trading activities that can enable you as a user of any forex platform to constantly trade forex either by using a robot or by copying already placed Red by various forex experts.

Forex investment and trading is absolutely very interesting but can be more interesting if an individual is very much conversions in carrying out forex analysis and prediction.