The Foreign Exchange Market
The foreign exchange market is all about currencies exchanging hands which in turn determines the value of a currency. Going back in history shows that the modern foreign exchange market began in the 1970s. The daily forex trading turnover volume has been on the rise ever since.
Today it is the largest financial market in the world with a daily turnover of about $4 Trillion. It operates in a decentralized fashion with buyers and sellers from around the world participating in it throughout the week. For this reason it is sometimes referred to as 24*7 markets though it is closed on weekends. Among the top institutional currency traders in the world are Deutsche Bank, UBS AG, Barclays Capital and Citi Group.