The foreign exchange

The foreign exchange ( currency or forex or FX)
market exists wherever one currency is traded
for another. It is by far the largest financial market
in the world, and includes trading between large
banks,central banks,currency speculators,
multinational corporation,governments,and others
financial market and institutions. The average daily
trade in the global forex market currently exceed US$1.9
trillion.Retail traders (individuals) are a small fraction of
this market and may only participate indirectly through
brokers or banks.