Foreign exchange market
Foreign exchange markets are those where currencies from different countries are traded against each other.
Forex markets facilitate cross-border capital flows that connect global financial markets, and international trade.
Globally, foreign exchange markets witness the largest trade volumes, as these markets are extremely liquid as values up to four decimal points matter are taken into account.
The forex markets have participants from every time zone, connected through electronic communications networks that link everyone from large investment funds to individual retail traders, in real time.