Unlike other financial markets, the foreign exchange market has no physical 
location and no central 
exchange. It operates through a global network of banks, corporations and 
individuals trading one currency 
for another. The lack of a physical exchange enables the forex market to 
operate on a 24-hour basis, 
spanning from one zone to another in all the major financial centers.
 
For more detail please visit
 
http://www.bigjumping.com/forex-information
 
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