The Foreign exchange trading market, also known as the “Foreign Exchange” or “FX” market, is the world’s largest financial market, with an average of more than $5 trillion of funds running in it every day, which is equivalent to more than 30 times of all the transactions in the securities market of the United States combined. The foreign-exchange market is much larger than the traditional stock, bond, or futures markets, and the volume of trading makes it less vulnerable to price manipulation by a single bank or institution. Usually expressed in terms of the exchange rate between two currencies. The currency in front of the pair is the base currency, followed by the rival currency. When you buy or sell currency, you are buying or selling the base currency.
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* The above spreads is referenced from SuperTrader Markets ECN account