Foreign Exchange

Forex Market

Sunday, October 15, 2006 12:28 PM mistrack

the foreign exchange market, also referred to as the "forex" or "FX" market, is the largest financial market in the world, with a dailly average turnover of approximately US$1.5 trillion. in comparison, the daily volume of the new york stock exchange is approximately US$30 billion per day.
until now, professional traders from major international commercial and investment banks have dominated the FX market. Other market participants range from large multinational corporations, global money managers, registered dealers, international money brokers, and futures and options traders to private speculators.

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