Foreign exchange market is an international decentralized market where different currency transactions take place. There are various features of selling, buying and trading currencies at some fixed or existing prices. Mega global banks are the key contributors in the Forex exchange market. The financial hubs that are located all over the world perform as themainstay of trading between a number of buyers and sellers. There are many Forex sites that have all the latest news and information about the Forex exchange market and the way it flows.
Forex traders must keep themselves updated about all the important news so they can make the right deals at the right time. One unattended move can bring them down and they may have to face abig loss. The Forex market does not influence comparative values of different currencies but it establishes the existing market price of thevalue of one currency with reference to the other.
How does the market operate?

Forex exchange market operates through financial institutions and operates on different levels. Dealers are the financial institutions of the Forex market and banks greatly rely on them. Most of the dealers are banks which make an invisible…
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