The forex market exists as a place for buyers and sellers to meet and trade currencies. The market players include governments (central banks), multinational companies, banks and financial investors, as well as retail traders
For central banks, forex trading is important as one of their strategies to control their currency's value. Meanwhile, big companies regularly use the forex market when buying materials from other countries or selling their products to the global market. Forex is also an important market for banks to process international money transactions and earn profits from market speculation. For regular investors and retail traders, the forex market exists to provide the opportunity to make profits from the price movement of currencies.