Forex market otherwise known as a currency market is a centralized market location for trading currencies. If facts are to be believed forex is one of the largest markets in the world. Forex market decides and determines the relative value of various currencies.
The main participants in the forex market are banks that are either domestic or international.
The operations continue 24*7 on all business days. Forex market assists in converting currencies to aid trade and investments internationally.
Multiple buyers and sellers are aboard doing round the clock activities with an exception on weekends.
The foreign exchange market transaction usually operates on the principle wherein a party purchases certain quantities of a currency and the payment to it is made using some other currency. The forex market is a highly speculative market space and needs strict monitoring on a continuous basis.
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