The foreign exchange market (Forex, FX, or currency market) is a global market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world. The foreign exchange market is the most liquid financial market in the world. Traders include governments and central banks, commercial banks, other institutional investors and financial institutions, currency speculators, other commercial corporations, and individuals. According to the 2019 Triennial Central Bank Survey, coordinated by the Bank for International Settlements, average daily turnover was $6.6 trillion in April 2019 (compared to $1.9 trillion in 2004).[3] Of this $6.6 trillion, $2 trillion was spot transactions and $4.6 trillion was traded in outright forwards, swaps, and other derivatives
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We’ve assessed all platforms based on 119 variables across eight primary categories.
Our top indicators are commission, tradeable markets and trust.
As commission and tradeable markets vary and we included them in our algorithm, trust is the first criteria that without it the Broker will not get into our system algorithm
Forex is a A 24-hour market that never sleeps (on weekdays), it is such a huge market that no one can control the market price and the leverage that gives the trader the ability to make nice profits at low risk makes it atractive for begginers.
There is a reason why forex is the largest market in the world: It empowers everyone to see profits from currency fluctuations related to the global economy.
