Forex

Forex Trade Market  The foreign exchange market is where all players interested in selling or buying one currency against another come together. The foreign exchange market is typically referred to as Forex in financial jargon; it is a contraction of the English terms FOReign EXchange. The largest market on the planet The Bank for International Settlements (BIS) puts the daily amount of trade at almost 6,590 billion USD in its 2019 report on the triennial survey of central banks. As a result, trading volumes on this market have surged by about 30% since the previous study in 2016, and by more than 65 percent since the decade of 2010. In terms of trading volume, this makes it the world's largest and most liquid market. Many countries began adopting an exchange rate in the 1970s, which, combined with technological advancements (particularly High-Frequency Trading software and near-constant access to the foreign exchange market), explains why this market is now the most active and vol