Compare Online Stock Trading Brokerage Firms
Compare Online Stock Trading Brokerage Firms
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.[1] Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and are subject to forex scams.
Compare Online Stock Trading Brokerage Firms
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Compare Online Stock Trading Brokerage Firms
This $3.21 trillion in global foreign exchange market "traditional" turnover was broken down as follows:
$1,005 billion in spot transactions
$362 billion in outright forwards
$1,714 billion in forex swaps
$129 billion estimated gaps in reporting
In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.
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