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  1. History

    Currency trading and exchange first occurred in ancient times. Money-changers (people helping others to change money … See more

    Foreign exchange market - Wikipedia

    • The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) 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 i… See more

    Market size and liquidity

    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, … See more

    Market participants

    Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the interbank foreign exchange market, which is made up of the largest commercial banks and securities dealers. … See more

    Most traded currencies by value

    There is no unified or centrally cleared market for the majority of trades, and there is very little cross-border regulation. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of i… See more

    Determinants of exchange rates

    In a fixed exchange rate regime, exchange rates are decided by the government, while a number of theories have been proposed to explain (and predict) the fluctuations in exchange rates in a floating exchange rate regime, incl… See more

    Financial instruments

    A spot transaction is a two-day delivery transaction (except in the case of trades between the US dollar, Canadian dollar, Turkish lira, euro and Russian ruble, which settle the next business day), as opposed to the … See more

    Speculation

    Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly. Economists, such as Milton Friedman, have argued that speculators ultimately are a stabilizing i… See more

     
  1. The elements of the foreign exchange market include12345:
    • Banks
    • Forex dealers
    • Commercial companies
    • Central banks
    • Investment management firms
    • Hedge funds
    • Retail forex dealers
    • Investors
    • Interbank (wholesale market)
    • Client (retail market)
    • High liquidity
    • Continuous operation (24 hours a day except for weekends)
    • Variety of factors affecting exchange rates
    Learn more:
    Foreign exchange markets are made up of banks, forex dealers, commercial companies, central banks, investment management firms, hedge funds, retail forex dealers, and investors.
    www.investopedia.com/terms/forex/f/foreign-excha…
    This market sets the exchange rates of every currency pair. It covers all facets of purchasing, selling and exchanging currencies at established or current rates. Banks, commercial businesses, central banks, forex dealers, hedge funds, investment management companies, retail forex dealers and investors make up the foreign exchange markets.
    www.benzinga.com/money/foreign-exchange-market
    There are two main parts to the foreign exchange market. The first part is the interbank, which is often called the wholesale market. The second part is the client, which is often called the retail market. In these two categories are approximately five different types of participants.
    www.earnforex.com/guides/the-forex-market-and-it…

    The following are the characteristics of the foreign exchange market:

      jupiter.money/international-money-transfer/foreign-…

      The foreign exchange market is unique because of the following characteristics:

      • its huge trading volume, representing the largest asset class in the world leading to high liquidity;
      • its geographical dispersion;
      en.wikipedia.org/wiki/Foreign_exchange_market
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       · The foreign exchange market is a decentralized and over-the-counter market where all currency exchange trades occur. It is the largest (in terms of trading volume) and the most liquid market in the world.

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