Traders with direct access to the forex banks are also less exposed than those retail traders who deal with relatively small and unregulated forex brokers , which can and sometimes do re-quote prices and even trade against their own customers. Most foreign exchange activity consists of the spot business between the US dollar and the six major currencies Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar The FOREX market is so large and is controlled by so many participants that no one player, governments included, can directly control the direction of the market, which is why the FOREX market is the most exciting market in the world...
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