What Is The Forex Market?

forex market trading

The Foreign Exchange market (also referred to as the FX or Forex market) is the largest financial market in the world, with over $1.5 trillion changing hands every day. That is larger than all US equity and Treasury markets combined.

Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies.

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