Commercial banks, Central banks, Investment funds, financial institutions and individual Forex traders – each
member is interested in buying at lower price and selling at a higher price. Each member has his own function in
the forex market.
Central banks are responsible for the monetary policies, such as effecting currency intervention, change of the
discount rates and reservation standards. Other market participants rapidly react to such measures and therefore
influence the currency rates.
Commercial banks provide liquidity for their own funds and execute clients’ orders.
Brokerage companies allow individual traders to effect operations in the currency, stock and commodities markets.
Why Brokers are needed
Traders receive the economic news, datafeeds and other valuable forex market information from the news
agencies, such as Dow Jones, Reuters, Bloomberg and others in real time and make decisions regarding buying or
selling currency. Today the individual trader can receive all this information from the forex broker. The broker
provides the trader with the necessary software, the dealing platform, where the trader can make orders in real
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