udit_fx (2)

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• The foreign exchange market is a global
  decentralized or over-the-counter 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.

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What is forex and how does it work?

• Forex, also known as foreign exchange or FX
  trading, is the conversion of one currency into
  another. It is one of the most actively traded
  markets in the world, with an average daily
  trading volume of 5 trillion. Take a closer look
  at everything youll need to know about forex,
  including what it is, how you trade it and how
  leverage in forex works.

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How do currency markets work?

• Unlike shares or commodities, forex trading does
  not take place on exchanges but directly between
  two parties, in an over-the-counter (OTC) market.
  The forex market is run by a global network of
  banks, spread across four major forex trading
  centres in different time zones London, New
  York, Sydney and Tokyo. Because there is no
  central location, you can trade forex 24 hours a
  day.

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What moves the forex market?

• The forex market is made up of currencies from
  all over the world, which can make exchange rate
  predictions difficult as there are many factors
  that could contribute to price movements.
  However, like most financial markets, forex is
  primarily driven by the forces of supply and
  demand, and it is important to gain an
  understanding of the influences that drives price
  fluctuations here.