New To Forex

Groom yourself in the world’s largest trading market.

Market Size

The forex market is considered an Over-the-Counter (OTC), or “interbank” market due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period. There is no central location or even physical location where exchanges take place.

Market size

Trading in the global foreign-exchange market has jumped to the highest-ever level at $6.6 trillion, according to the Bank for International Settlements. The average daily trading in April was up 29% from $5.1 trillion in the same month in 2016. The growth of FX derivatives trading, primarily swaps, outpaced the spot market and now accounts for almost half of global FX turnover.

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