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Forex

The global foreign exchange market is the biggest market in the world. The nearly USD 2 trillion daily turnover exceeds the combined turnover of the entire world''s stock and bond markets.

There are many reasons for the popularity of foreign exchange trading, but among the most important are, the high liquidity 24 hours a day and the very low dealing costs associated with trading. The market is so large that a handful of players can never influence its outcome

Size

Largest market in the world

$1.9 trillion average daily turnover, equivalent to:

i. More than 10 times the average daily turnover of global equity markets

ii. 40 times the average daily turnover of the NYSE

iii. $300 a day for every man, woman, and child on earth

An annual turnover more than 10 times world GDP

The spot market accounts for about one-third of daily turnover