The World's Largest Financial Market: Forex

Abstract

Foreign exchange market is the largest financial market in the world and the value of activities in currency of one country is used to trade for the unit of currency of another country. There are four main participants in FX market such as 1) companies and individuals 2) capital market 3) Hedger 4) Speculators This research exploring the relationship of international trade of goods and services of companies and individuals associated with the following theories: 1) Supply and Demand Theory of Exchange 2) Purchasing Power Parity 3) International Fischer Effect.

Keywords: Meta-Analysis, Foreign Exchange, Cryptocurrency, Forex, Financial Market