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What is Forex?
The Forex market or the foreign exchange market (currency market) is the largest financial market in the world. By enabling currency conversion, the market helps facilitate a number of investments and international trade. The market determines the exchange rates for every currency.
The main participants in this market are the larger international banks they help manage a large range of buyers and sellers while the market is open. Trades between the main players in this market can be enormous 100s of millions of dollars are being exchanged. The forex market trades an average of 6 trillion dollars per day and by far has the most trading volume out of any financial market in the world.