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HomeRight Arrow TerminologyRight Arrow The Foreign Exchange Market

The Foreign Exchange Market

The foreign exchange market, also known as the forex market, is a decentralised, over-the-counter market where global currencies are traded against each other. It is the world’s largest and most liquid market, with over $7 trillion in daily transactions. The forex market operates 24/5 through an electronic network of banks and brokerages across different time zones.

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