As of 2023, the Forex market is the largest financial market in the world, with a daily trading volume of over $6.6 trillion. This is because Forex trading is accessible to a wide range of participants, including banks, financial institutions, and retail traders.
The market is decentralized and operates 24 hours a day, five days a week, with trading centers located in major financial centers such as London, New York, Tokyo, and Sydney. This allows for continuous trading and liquidity, making it a highly active market.