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    ion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is un

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    Forex market is the largest financial market in the world. It refers to the trading of one foreign exchange or currency for the other. Thus a forex market exists whenever a currency is traded for another currency.

    The major players in forex trade are central banks, other large banks, financial institutions, forex speculators, multinational corporations, governments and individuals, also called retail traders.

    The volume of forex trading has grown phenomenally from $600 billion in 1998 to close to $3 million a day now. Major players make up the bulk of this trade. Individuals make a small portion of about $50 billion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is uni

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    sts whenever a currency is traded for another currency.

    The major players in forex trade are central banks, other large banks, financial institutions, forex speculators, multinational corporations, governments and individuals, also called retail traders.

    The volume of forex trading has grown phenomenally from $600 billion in 1998 to close to $3 million a day now. Major players make up the bulk of this trade. Individuals make a small portion of about $50 billion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is un

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    orex speculators, multinational corporations, governments and individuals, also called retail traders.

    The volume of forex trading has grown phenomenally from $600 billion in 1998 to close to $3 million a day now. Major players make up the bulk of this trade. Individuals make a small portion of about $50 billion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is un

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    y from $600 billion in 1998 to close to $3 million a day now. Major players make up the bulk of this trade. Individuals make a small portion of about $50 billion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is un

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    ion. This in itself is not that small. They operate indirectly through forex brokers and banks, using their forex trading platform.

    A forex market is unique because of huge trading volume, extreme liquidity, variance of participants, extensive geographical coverage, long trading hours, simplicity, macro economic factors etc.

    Forex trading started in 1970’s after gold deregulation and free exchange rates and floating currencies. The volume grew slowly till the end of 1990’s. After that it grew markedly. In fact the increase in volume was as much as 38% during April 2005 to April 206 alone. This indicates unmatched growth of forex currency trading in such a brief period of time.

    The above underscores the growing importance of foreign exchange as a component of over

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