Forex (FX), short for foreign exchange, denotes the worldwide electronic marketplace where participants engage in the trading of international currencies and currency derivatives. This market operates without a centralized physical location and stands as the largest and most liquid financial market globally, with daily transactions amounting to trillions of dollars. The majority of forex trading is conducted through financial institutions, banks, and brokers. It serves as a fundamental component of the global financial system, facilitating currency exchange and hedging activities for businesses, investors, and individuals.
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