The foreign exchange market, also abbreviated to Forex or FX, is the global marketplace where currencies are bought and sold. It is the world’s largest, most volatile and liquid online financial market, with a daily turnover of over $5 trillion, which is open for trading 24 hours a day from Sunday when the Asian market opens, to Friday, when the US market closes.
Notably, forex offers a transparent trading environment. Everyone has access to the same economic data, a fair trading price is guaranteed and since the forex market is decentralized, no single country, body, or corporation can control the market.
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