What is Foreign exchange market?
The '''foreign exchange market''' ('''forex''', '''FX''', or '''currency market''') is a form of [[Exchange (organized market)|exchange]] for the international [[Trade|trading]] of [[Currency|currencies]]. The foreign exchange market is also known to be the largest in the world with over $5.1 trillion being traded every day.<ref>{{Cite news|url=https://www.reuters.com/article/bis-currency/daily-fx-trading-volume-falls-5-5-pct-to-5-1-trillion-bis-idUSL8N1BC4PL|title=Daily FX trading volume falls 5.5 pct to $5.1 trillion -BIS|last=McGeever|first=Jamie|work=U.S.|access-date=2018-07-02|language=en-US}}</ref> The markets are also open 24 hours a day for 5 days a week and are some of the most active as traders from across the globe exchange currencies.<ref>{{Cite web|last=Khantwal|first=Kartikeya|title=Forex Market Hours - Realtime|url=https://fxclock.com|url-status=live|archive-url=https://web.archive.org/web/20230726051854/https://forexfactoryderivatives.com/basicforextrading/|archive-date=2023-07-26|access-date=2023-07-26}}</ref> == Retail Forex Market == While most forex is traded by large institutions, banks and corporations, there are a great many retail foreign exchange traders. These are traders that will trade on their own accounts and buy / sell forex in order to target a specific return. This has increased dramatically recently with internet usage and online trading platforms.<ref>{{Cite web|url=https://www.coinbureau.com/review/iq-option-cryptocurrency/|title=Online Trading Platforms|last=Walters|first=Steve|date=6 February 2018|website=Coin Bureau|access-date=2 July 2018}}</ref> In the moral context this practice is to be avoided as personal behavior and also considering potential damage to the real economy. ==References== {{reflist}} [[Category:Economic markets]] [[Category:Currency]] {{stub}}