Hello my names are Timipre Ali Ekpiriyanre, today we shall be discussing the major players in this money market called forex. I sincerely apologize for not being able to come online these few day, please bear with me. just encase you missed out the first tutorial you can as-well click on this link https://www.nairaland.com/4450996/what-forex-trading

In general, the Forex market is comprised of four different
groups. The most influential participants of the market are the
major banks, bank associations (like HSBC, Citigroup, Barclays
Capital, JP Morgan), and a few central banks, such as the European
Central Bank, the Bank of England, and the Federal Reserve
of the US. The whole bank community, dealing with currency exchange
and credit operations, forms the inter-bank market. The
aim of such market players as central banks is not getting a profit,
but adjusting the currency rates, and thus, the economy of
their countries. Very often, central banks make deals not directly,
but through major commercial banks, concealing their activities.
In fact, it becomes obvious that the banks of this group are not
‘’just’’ making deals, but also suggest their own prices. Active participants
of the market, as usual, make deals up to millions and
milliards of USD and trade with their own, not borrowed money.
In Forex, such participants, offering their own prices and making
deals of almost unlimited volume, are called market makers.
The second layer belongs to the investment, insurance, pension
funds, medium-sized banks and large corporations.
These market participants perform currency exchange operations
for the investment purposes and for business deals, sometimes
for long-term speculations. One of the largest investment
funds in the world is ‘’Quantum’’ of George Soros. Funds can attract
billions of dollars of borrowings and can withstand even the
intervention of central banks in the foreign exchange market.
The third group of participants is the financial companies. In
fact, they are the intermediates between the individuals and
the market. These individuals, both physical and legal, form the
fourth group of participants in the Forex market. In fact, financial
companies have overcome the barrier of engagement into the
Forex market for the individuals. In addition, Internet development
made brokerage services available for everyone around
the world.

WHEN Forex market operates?
In general, the Forex market operates 24/5 (from Monday to
Friday). However, 3 market sessions are distinguished: Asian,
European and American sessions.
=American (New York) opens at 8:00 am to 5:00 pm EST (EDT)
=Asian (Tokyo) opens at 7:00 pm to 4:00 am EST (EDT)
European (London) opens at 3:00 am to 12:00 noon EST (EDT)
The most active session is the European, then American,
and the least active is the Asian. Market participants had
better trade in times of high market activity, when trades on
the major stock exchanges around the world take place and
when there is a high probability of publication of interesting
macroeconomic data - this information can be learned
from the economic calendars in the websites of financial
companies.

tomorrow we will continue from were we stopped; this education is sponsored by http://www.ifcmarkets.com/ib/5580/en
you can call me (Timipre Ali Ekpiriyanre) +234 (0)9022154785 for more info