The foreign-exchange market, or forex, is the largest market in the world by volume. That is, more money exchanges hands on the foreign exchange than in any market in the world. Some $1.5 Trillion is exchanged daily compared to $25 billion on the New York Stock Exchange.
Across the world, the daily volume of stock exchanges is only one-third of the volume of the foreign exchange market! It should be easy to see by all traders, retail and institutional alike, how large the foreign exchange market has grown to be.
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