Question

Describe how the currency exchange market differs from other markets?

Answer 1

Difference between currency exchange market and other markets:

• The foreign currency exchange market is very different and unique than any other markets.

• The currency exchange market has to be operated continuously in a constant order.

• In the currency exchange market there is a continuous trading of currencies in a global market.

• The Forex market is the world’s biggest and busiest currency market.

• Here, the exchange process of purchasing one currency and selling another currency is continuous.

• It works on the basis of the international exchange rate.