Foreign exchange is a global decentralized market where currencies are traded around the clock, 5 days a week. FX is by far the largest and most liquid market in the world. It’s the lifeblood of the global economy, helping resources flow across borders and allowing for highly complex manufacturing processes such as the one that led to the device you’re viewing this on.
Without the foreign exchange market, the modern world would hardly be possible. It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements (the central bank of central banks) releases its survey of foreign exchange and OTC derivatives markets. According to the last report, the dollar amount traded every single day on the global FX market is over $5 trillion, effectively dwarfing every other market in existence.
Trading involves significant risk of loss