Forex trading, or the foreign exchange trading market (also commonly known as FX trading or simply, currency exchange,
involves trading one currency for another. Forex is by far and away the
largest financial market in the world. Trades are made between large
banks, central banks, currency speculators, multinational corporations,
governments, and even the other financial markets. According to The Bank
for International Settlements (BIS), a world-wide central bank
organization, the average daily trade in the global forex and related
markets is currently over three trillion US dollars – A DAY. This is
several times larger than all the U.S stock markets combined. The
trading is done from all round the world, with little or no hard cash
changing hands.
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