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Pip definition & examples investopedia. Foreign exchange is most commonly known as forex and forex is the world’s most traded market. according to cityindex there’s an average turnover in excess of us$5. 3 trillion every single day. 1. how does forex compare to other markets? unlike stocks, futures, or options, currency trading does not take place on a regulated exchange, and it is not controlled by any central governing body. A currency trader, also known as a foreign exchange trader or forex trader, is a person who trades, buys and/or sells currencies on the foreign exchange. currency traders include foreign trading exchange currency professionals employed to trade for a financial firm or group of clients, but they also include amateur traders who trade for their own financial gain either as a hobby or to make a living. Foreign Exchange Currency Trading Exchange Rates And If you want to learn about how to save time and money on foreign payments and currency transfers, visit xe...