How do banks trade Forex? -

i read that banks are the biggest players in the forex market but i dont know how they trade currencies.Do they use an online broker or what.Also how offten do banks trade Forex-on a daily basics? Click on this site then follow the links: http://www.straightforex.com/wforex.html The banks have traders, usually one per currency for the major currencies. They all know each other s phone numbers and look at screens all day. When they make a deal, they wire transfer the money. The deal usually specifies that the money will move in two days after the trade.