As forex market (Foreign Exchange market, FX market, including forex, currency market) is called the global market in which currencies (or short-term debts denominated in currencies, so-called foreign currencies) are traded. Supply and demand of foreign currencies meet here. The foreign exchange market with a daily turnover of approximately 4 trillion U.S. dollars in 2007, the largest financial market in the world. Here, no bond is present at a fixed exchange place but the market is created by a worldwide network of trading of foreign exchange takes place mainly by telephone or telex. (more...)