The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and exchanging currencies at current or determined prices.
Advantages of Forex Market
Flexibility-Forex exchange markets provide traders with a lot of flexibility.
Trading Options-Forex markets provide traders with a wide variety of trading options.
Transaction Costs-The forex market provides an environment with low transaction costs as compared to other markets.
Conclusion-The FOREX markets have become the world's most liquid and continuous markets with trillions of dollars being traded daily.