What is the Forex market?
What is the Forex market?
Forex, or FX, is an abbreviation of the term "Foreign Exchange", and represents the world's largest financial market. According to the Bank of International Settlements, the Forex market trades more than 5 trillion US dollars daily and dwarfs all other financial markets in size. For comparison, the daily turnover of the New York Stock Exchange is around $28 billion – around 190 times less than on the Forex market.
Re: What is the Forex market?
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- xatajam823
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Re: What is the Forex market?
I know that many traders use forex markets instead of cryptocurrency ones since it's safer and more stable.
Re: What is the Forex market?
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Re: What is the Forex market?
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