[Introduction](0:00 - 0:30)Welcome back to our channel! In today’s video, we’ll explore the structure of the Forex market and identify the major players who dominate this space. Understanding the Forex market’s structure and knowing who the big players are can provide you with valuable insights for your trading strategy. Let’s dive right inThe Forex market, or foreign exchange market, is a decentralized global marketplace for the trading of currencies. Unlike other financial markets, Forex doesn’t have a centralized exchange or physical location. Instead, trading is conducted electronically over-the-counter (OTC), meaning that transactions occur via computer networks between traders around the world.The Forex market operates 24 hours a day, five days a week, following the sun across major financial centers in different time zones: starting with Sydney, moving to Tokyo, then to London, and finally to New York. This continuous operation allows traders to react instantly to news and global events.[Tiers of the Forex Market](1:31 - 2:30)The Forex market is structured in a hierarchy, consisting of different tiers. At the top tier is the interbank market, where the largest banks trade directly with each other. Below this, we have smaller banks, multinational corporations, hedge funds, and retail Forex brokers. Retail traders, like most of us, operate at the bottom tier, accessing the market through brokers.