The foreign exchange market (forex, FX, orcurrency market) is a global decentralizedmarket for the trading of currencies. In terms of volume of trading, it is by far the largestmarket in the world. The main participants in this market are the larger international banks.

The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world.