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Submitted by: Guest
Total views: 171
Word Count: 90
The foreign exchange (currency or forex or FX) market exists wherever one currency
is traded for another. It is by far the largest market in the world, in
terms of cash value traded, and includes trading between large banks,
central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe currently exceeds US$1.9
trillion/day (on average). Retail traders (individuals) are currently a
very small part of this market and may only participate indirectly
through brokers or banks.
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