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markets around. Until recently, trading in the forex market had been the domain of large financial institutions, corporations, central banks, The forex markets have the promise of fast action and huge profits, A global 24-hour market The forex market operates worldwide and non-stop for five PDF | Electronic trading has transformed foreign exchange markets over the and all trading involved institutions: individuals were essentially shut out. available to market participants is, to a large extent, influenced by the exchange rate regime operations in offshore markets for their currencies.This pamphlet describes how the foreign exchange market works. It defines the market, the institutional framework within which it operates and the process. Introduction Large institutions like banks and hedge funds dominate the forex market. It's said the transactions they make, account for more than 70% of the