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Global Investment Guide

FX (Foreign Exchange Market) Definition

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FX market is the largest asset class, most liquid financial market in the world.
Photo by Mark Finn

The foreign exchange market (also called forex or FX) is the global marketplace where various national currencies are traded. 

The FX market is the largest asset class and most liquid financial market in the world, with a daily average turnover is reported exceed $6 trillion in 2019.  

Major trading centers are located in London, New York, and Tokyo.

Operating 24 hours continuously throughout the day except for weekends, starting from the Asian session, followed by the European session, then the North American session.

The three most heavily traded currency pairs in 2019 were: EURUSD, USDJPY, and GBPUSD.

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