The forex market, also known as Forex (abbreviated to the English term Foreign Exchange). FX or Currency Market, is a decentralized and global market in which currencies are traded.:
- This market was born with the objective of facilitating the monetary flow that is derived from international trade. It is by far the largest financial market in the world, moving a daily volume of transactions of about five trillion US dollars (USD), more than all other stock markets on the planet combined. It has grown so much that, at present, the total foreign exchange operations that are due to international operations of goods and services represent an almost residual percentage, most of them being the purchase and sale of financial assets. Consequently this market is quite independent of actual trading operations and the variations between the price of two currencies can not be explained exclusively by changes in trade flows.