the forex future market

Judy Mank

The spot foreign exchange (forex or FX) market is the world's largest market, with over US$1 trillion traded per day. One derivative of this market is the forex futures market, which is only one one-hundredth the size.In futures market, instead of making the exchange immediately, contracts are made and sold. These contracts include all the details like the currencies being traded, the number of units of the currencies being traded, the settlement date and the minimum price for the contract.