Cryptocurrency Q&A
How much money does the foreign exchange (forex) market make a day?
How much money does the foreign exchange (forex) market make a day?
CryptoQueenBee
Wed Aug 07 2024
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6 answers
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I'm curious to know, just how much money does the foreign exchange market generate on a daily basis? It's a market that operates 24/7, with traders from all over the world participating. Surely, the volume and liquidity must be astronomical. Could you provide me with an estimate of the daily revenue generated by this vast and dynamic market?
6 answers
DongdaemunTrendsetterStyleIcon
Fri Aug 09 2024
It operates on a 24-hour basis, five days a week, except for weekends, and has no central exchange or clearing house.
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BonsaiVitality
Fri Aug 09 2024
Participants in the forex market include large banks, financial institutions, investment firms, hedge funds, corporations, and retail traders.
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Daniela
Fri Aug 09 2024
The market's daily trading volume exceeds $6 trillion, making it the largest and most liquid market in the world.
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CryptoMercenary
Fri Aug 09 2024
The foreign exchange (forex) market, also known as the FX market, is a global decentralized market for trading currencies.
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Giuseppe
Fri Aug 09 2024
Understanding the basics of currency trading is crucial for those looking to participate in the forex market.
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