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Forex market Is there a central location for the FOREX Market?
avatar Mymelody
Question by: Samanthar - 14 Sep 2016, 10:05:02
Is there a central location for the FOREX Market?
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Answers (1)
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Answer by: Joseph - 14 Sep 2016, 10:07:16

Unlike many other securities (any financial instrument that can be traded) the FOREX market does not have a fixed location. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals all over the globe. Since transactions are conducted between two counterparts, the FOREX market is an over the counter (OTC) market, meaning transactions are conducted over the telephone or via an electronic network.

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