The Forex or the Foreign Exchange Market is the planet wide market for selling and purchasing of currencies. Handling great proportions of transactions 24 hours and five days per week, the net worth of the daily exchanges are 1.5 million US dollars. With the abolishing of fixed currency exchanges, the Forex was established. It grew technically advanced in the 1980’s, although it gradually expanded in the 1970s. The Foreign Exchange Market developed the trading levels to 1.5 million dollar at present from around 70 million each day. If compared to other stock markets, American Stack Markets had around 100 billion dollar and the United States Treasury Bond Market gained an average of 300 billion dollar per day.
You can find around 5 trading institutions within the Forex Market, like central government banks, brokers, commercial companies and international banks. Their work is transitioning a variety of foreign exchange. US Federal Reserve is a typical example of Central Government Banks. There is no fixed centralized precise location of the Foreign Exchange Market. It has central trading centers in major cities of the planet like– Tokyo, Hong Kong, Paris, New York, France, Singapore, London and Frankfurt. Forex Trading can also be performed over the internet or telephone.