Basically the forex market is where banks business government investor and traders come to exchange and speculate 1 currencies the forex market is also referred to as the effect market currency market for Indian Exchange currency market for foreign currency market and it is the largest and most liquid market in the world with an average daily turnover of 3.98 trillion dollar. The FX market is open 24 hours a day 5 days a week with the most important world trading Central Bank located in London New York Tokyo Hong Kong Singapore Paris and Sydney. It should be noted that there is no central market place for the forex market trading is instead set to be conducted over the counter it's not like talk where there is a central market place with all others process like the nyse . Forex is a product wanted by all the major banks and not all banks will have the exact same prices now the broker platform take are these feeds from the different banks and the qualities we see from our broker are an approximate average of them its the broker who is effectively transacting the trade and taking the other side of it.... They make the market for you when you buy a currency pair you are a broker is selling it to you not another trader. Thanks CE
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