The foreign exchange market is a global decentralized market for trading of currencies. Every country has its own currency, and the currency of different countries can be bought and sold against each other for settlement their tread balance. Forex market determines every currency exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume. It is the largest Liquid market in the world.
Larger international banks, financial centers, countries center bank large institution and general people are the main participants in this market. For that resone FX market – is the world’s most traded market, with turnover of $5.1 trillion per day
During 1970s The modern foreign exchange market began establish .After the accord at in 1971, major currencies were allowed to float freely against one another. The values of individual currencies vary, which has given rise to the need for foreign exchange services and trading