Foreign exchange market
From Wikipedia, the free encyclopedia
The
foreign exchange (
currency or
forex or
FX)
market exists wherever one
currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks,
central banks, currency
speculators,
multinational corporations,
governments, and other
financial markets and institutions.
The average daily trade in the global forex and related markets currently is over US$ 3 trillion.
[1] Retail traders (individuals) are a small fraction of this market and may only participate indirectly through
brokers or banks, and are subject to
forex scams[2] [3].
Foreign exchange market - Wikipedia, the free encyclopedia
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