The foreign exchange (forex/FX) market is a form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock. It assists international trade and investment by enabling currency conversion.
Some unique features are as below:
- Very large number of
participant every daily
- World range participants
- Open from Sunday 22:00 GMT to Friday 20:00 GMT, except weekends
- Exchange rates are affected by a number of factors