FX Trading Advantage - 2

The backbone of the forex market consists of a global network of dealers. They are mainly major commercial banks that communicate and trade with one another and with their clients through electronic networks and telephones.

There are no organized exchanges to serves a central location to facilitate transactions the way the New York Stock Exchange serves the equity markets. The FX market operates in a manner similar to the way the NASDAQ market in the United States operates, thus it’s also referred to as an OTC (Over The Counter) market