The total volumes traded according to some calculations indicate it to be over 2trillion dollars.
There are 3 broadly classified circles where trading occurs:
- InterBank Circles where banks trade Forex under undisclosed bids and ask values which the general public has little idea of.
- Money Remitting Agencies operating across the globe.These companies handled around 295bn$ alone in remittances to emerging markets like India,China,Philipines and Malaysia.These companies are interested in playing the trade bets simply because of the mass volume of funds .
- The third can be identified as such companies that make payments in international locations.
To discuss the detail math involved in the trading of Forex here would be out of scope,but for those interested can visit this invaluable post in wikipedia foreign exchange markets.
Would try to keep posted on anything that comes up in mind.

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