Market of forgien exchange

Market of foreign exchange [Name] [University] Foreign exchange market can be defined as a place where people buy, sell, speculate and exchange different currencies. Banks, central banks, commercial companies, brokers and investors, investment firms and hedge funds; all of these make up the foreign exchange market CITATION For13 \l 1033 (Foreign Exchange Market, 2013). It is considered to be the biggest financial market of all. Foreign market is efficient because it is huge and liquid. Foreign exchange market does not consist of a single exchange but it is linked to many others by the help of computer CITATION The1314 \l 1033 (The Foreign Exchange Market for Beginners, 2013). Interbank market is where currencies are traded among the financial institutions and banks. This trading occurs on a grand scale excluding smaller participants such as retail investors CITATION Int134 \l 1033 (Interbank Market, 2013). Retail foreign market is a small section of the large financial market where trading occurs between individuals CITATION Pet07 \l 1033 (Pontikis, 2007). The participants of the foreign exchange market consist of travelers and consumers, different businesses, investment and commercial banks, speculators and investors, central bank and government, hedgers and financial institutions CITATION For131 \l 1033 (Forex Market Participants, 2013). Latest telecommunica...