 Forex Market
The foreign exchange (currency or forex or FX) market refers to the market
for currencies. Transactions in this market typically involve one party
purchasing a quantity of one currency in exchange for paying a quantity of
another. The FX market is the largest and most liquid financial market in the
world, and includes trading between large banks, central banks, currency
speculators, corporations, governments, and other institutions. The average
daily volume in the global forex and related markets is continously growing and
was last reported to be over US$ 4 trillion in April 2007 by the Bank for
International Settlement.
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