Foreign exchange market

From Simple English Wikipedia, the free encyclopedia

The foreign exchange market (forex, FX, or currency market) is a form of exchange for the international trading of currencies. The foreign exchange market is also known to be the largest in the world with over $5.1 trillion being traded every day.[1] The markets are also open 24 hours a day for 5 days a week and are some of the most active as traders from across the globe exchange currencies.[2]

Retail Forex Market[change | change source]

While most forex is traded by large institutions, banks and corporations, there are a great many retail foreign exchange traders. These are traders that will trade on their own accounts and buy / sell forex in order to target a specific return. This has increased dramatically recently with internet usage and online trading platforms.[3] In the moral context this practice is to be avoided as personal behavior and also considering potential damage to the real economy.

References[change | change source]

  1. McGeever, Jamie. "Daily FX trading volume falls 5.5 pct to $5.1 trillion -BIS". U.S. Retrieved 2018-07-02.
  2. Khantwal, Kartikeya. "Basics of Forex Trading".
  3. Walters, Steve (6 February 2018). "Online Trading Platforms". Coin Bureau. Retrieved 2 July 2018.