What is the Forex or FX market how is that market organized

What is the Forex or FX market, how is that market organized (e.g. exchange etc.), who are the major participants, when and where does it operate, how is it managed, and in what major cities is it located and what regions do these hubs control? What is the trading volume of this market, and how is trading conducted? (Please answer all questions!!!!!!!!!!!)

Solution

Forex Stands for Foreign exchange market. It is a decentalised global Market where the trading of currencies of various countries takes place. The Forex is very largest market where their is a heavy liquidity. It is the most heavy liquid market in the world.

A foreign exchange market is organised as here the participants are come to buy , sell , exchange and speculates on the currency of various countries.

The Forex is operate 24 hours in a day and it is operate on several levels and it is operates at various different places in the world.

Foreign exchange market provides a platform to the person who want to buy sell or exchange currencies of various countries.

There are various largest forex trading centres And regions they control

1. New york city Civers United States

2. London Covers United Kingdom

3.Tokyo Covers Japan

4. Singapore Covers Singapore Malaysia

5. Switzerland etc....

The Trading volume of this market is eceeding $5 Trillion Daily

The trading is conducted with the help of Brokers or the bankers