what is forex market
The forex market, also known as the foreign exchange market, is a decentralized financial market where currencies from around the world are bought and sold. It is the largest and most liquid financial market in the world, with an average daily trading volume of over $5 trillion. The forex market operates 24 hours a day, 5 days a week, and is conducted electronically over-the-counter (OTC), meaning trades are conducted between buyers and sellers directly without a central exchange. The primary participants in the forex market include large financial institutions, corporations, governments, and individual traders. Forex trading involves speculating on the value of one currency against another and can involve high levels of risk.
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