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Foreign Exchange Market

The foreign exchange market (forex, FX, or currency market) is a global market for the trading of currencies. The biggest players in the global foreign exchange markets are banks, commercial companies, central banks, investment management firms, and hedge funds. The smaller players are retail forex brokers and amateur forex traders. Forex traders buy and sell currencies at current or determined prices. In terms of volume of trading, it is the largest market in the world.

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