The foreign exchange market is a global, decentralized market for the trading of currencies between governments, banks, corporations, funds of various kinds and individual traders. Also referred to as forex, or FX, it is the largest, most liquid market in existence, with a daily turnover in excess of $5 trillion. This market trades 24 hours per day, 5 days a week, with each 24 hour trading day being divided into 3 sessions, the Asian, European and North American.
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