Foreign Trading Currency Exchange
The foreign exchange market, often referred to as the forex or simply fx, is the market where one currency is traded against another currency. with the increasing globalization of the world economy and the international character of the commodity market, fx trading activity is continuously increasing. The foreign exchange market (forex, fx, or currency market) is a global decentralized or over-the-counter (otc) market for the trading of currencies. this market determines foreign exchange rates for every currency. it includes all aspects of buying, selling and exchanging currencies at current or determined prices. in terms of trading volume, it is by far the largest market in the world. How Does Foreign Exchange Trading Work The Balance Its average daily trading volume is more than $3. 2 trillion. compare that with the new york stock exchange, which only has an average daily trading volume of $55 billion. in fact, if you were to put all of the world's equity and futures market...