Who knew forex or foreign currency exchange is the world’s largest traded market instruments of $4 trillion per day?

(Last Updated On: May 6, 2013)

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FX or Forex describes the Foreign Exchange Market, a marketplace where the world’s various currencies are traded. It is an interbank market which was created in 1971 when international trade transitioned from fixed to floating exchange rates. Its huge volume and fluidity made the Forex market the largest and most significant financial market in the world, with well over $4 trillion traded daily.


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