The Forex market is the world's largest financial marketplace, with a daily turnover exceeding $6 trillion. Its decentralized, over-the-counter nature means there is no central exchange, creating a hierarchical structure of participants from central banks to retail traders. The interbank market, where major financial institutions trade directly, is fundamental to price-setting and market liquidity. This structure provides 24-hour market access and flexibility, allowing for various transaction types including spot and future trades, attracting participants with different objectives, all of whom affect global currency values.
The foreign exchange market, with its daily turnover exceeding $6 trillion, is the largest financial marketplace globally, making it essential for business leaders to understand its structure.
The Forex market operates as a decentralized, over-the-counter network where powerful entities like central banks and retail traders influence currency values significantly.
The interbank market dominates Forex trading, where major financial institutions set trends and maintain market liquidity, highlighting its crucial role in global currency stability.
Unlike stock exchanges, the decentralized nature of Forex trading allows varying quotes across brokers, providing flexibility and 24-hour access for a diverse range of participants.
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