Foreign exchange market is the largest financial market in the world that trades with currencies of different countries. The amount of foreign currencies that is traded crosses $2 trillion each day. As this is an international Foreign Exchange market, the commodity that is bought and sold in the foreign currency.
The forex market was launched before three decades and as on date this is the biggest liquid financial market that deals more than 100 hundred times of stocks dealt in the New York stock exchange.
The best market to invest that has no competition and external control is the foreign currency exchange market.
The market exists purely based on speculation. There is no central exchange to conduct trading and trading occurs between two big banks and this inter-bank market is called the over counter market. The trade is carried out using telephone or internet in this decade.
