Foreign Exchange How the Market Works

The Foreign Exchange Market (Forex or Foreign Exchange in Anglo-American) is the market where currencies are traded against each other. It is the largest financial market in the world with daily trading volumes exceeding 1500 billion dollars! Unlike the stock market (or markets or future options on currencies), the foreign exchange market there is no centralized quotation (fixing) but only transactions over the counter (OTC, Over The Counter in the stock market jargon). This means that operator

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