The Foreign Exchange market, also referred to as the “Forex” or “FX” market, is the largest financial market in the world, with a daily average turnover of well over US $1 trillion - 30 times larger than the combined volume of all U.S. equity markets. The word FOREX is derived from the words FOReign EXchange. The US Dollar is the Centre-piece - The US dollar is the centre-piece of the Forex market and is normally considered the “base” currency for quotes
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