The Short Education about Forex and the Players here Part 1Today i want to text some words about the main players in the Forex.
Who is the main traders?
Look....
We could categorize the major players in the market in some groups, but the main that is:
1. Commercial and invesment banks.
It is very important part of all market and all players have to work with the investment banks to work on Forex,
so Investment banks and commercial bank is the foundation of the Forex market.
2. Central banks.
It is also the major participants but they are separated from commercials and investments,
becouse of different goal they are after the exchanging.
Their main goal is to influence the money supply within the country and control the imbalance associated with various situations within countries or geopolitical problems.
3. High-net-worth individuals
It is a persons with hight net-worth. Al of them working with investment and commercial banks. In the American private banking business, such a person is defined as having investable assets of more than $1 million, which excludes his primary residence.
There are also a few other groups, but these are the main ones that we are interested in and we can call them major players or almost big ones.
Now let's get back to the techical part, all of these major players place stops in the double circled zone on the chart.
So it is a bis SALE place.
And the most important thing is that we have already reached it on this pair, even closed a few candles, so think for yourself.😉
Ask questions in the comments.
