Foreign Exchange Market

Foreign Exchange Market (the Currency Market) is also known as Forex. It helps to exchanging one currency to other currencies.
Foreign Exchange Market is a worldwide suburbanized Over-The-Counter (OTC) for the trading of currencies of the financial market. The aim of the foreign exchange market is to help international trade and investment. The goal of investors in Forex trading is to profit from foreign currency movements. It allows converting one currency to other currencies for the business purposes. It is the largest financial market in the world. It has no physical location and central exchange (off-exchange). It engages to global network of banks, corporations and individuals trading. The deficiency of a physical exchange enables the foreign exchange market to operate on a 24-hour basis, spanning from one zone to another in all major financial centers. Trading volume has increased speedily over time, peculiarly after exchange rates were allowed to float freely in 1971.  Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all are using the Foreign Exchange Market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by protecting their exposed in other markets. The foreign exchange market is an uninterrupted cash market. Foreign currencies are constantly bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.