What is the Forex market?
The forex market is another term for the foreign exchange market. The foreign exchange market refers to the trade of one currency for another. The forex market is the largest market of its type in the world in terms of total cash traded. In addition to being the largest type of market in the world, the forex market is also the most liquid market with more than $1.9 trillion being traded per day. The forex market includes all currencies in the world. Participants in the forex market include large and central banks, currency speculators, multinational corporations, governments and other financial markets and institutions. There is no central location for the forex market. Transactions are conducted in a method referred to as over-the-counter trading. The forex market is opened 24 hours a day (to be available for all time zones in the world) and five days a week. Almost all major countries and cities participate in the forex market through financial centers in locations such as London, Ne
