FOREX Market
Foreign Exchange Market commonly referred to as the "FOREX" or "FX market" is the largest financial market in the world with a daily average turnover of approximately $1 trillion. The FOREX market unlike other financial market has no physical location or central exchange. It is over the counter market or "inter bank" market where buyers and sellers including banks, corporation, and private investors conduct business. Participants deal directly with one another via telephones or an electronic network. Foreign exchange trading takes place in financial trading centre all over the world including New York, London and Tokyo creating one cohesive international market. FOREX market is the largest and most liquid market in the world.