Market of foreign exchange [Name] [University] Foreign exchange market can be defined as a place where people buy, sell, speculate and exchange different currencies. Banks, central banks, commercial companies, brokers and investors, investment firms and hedge funds; all of these make up the foreign exchange market CITATION For13 l 1033 (Foreign Exchange Market, 2013). It is considered to be the biggest financial market of all. Foreign market is efficient because it is huge and liquid. Foreign exchange market does not consist of a single exchange but it is linked to many others by the help of computer CITATION The1314 l 1033 (The Foreign Exchange Market for Beginners, 2013). Interbank market is where currencies are traded among the financial institutions and banks. This trading occurs on a grand scale excluding smaller participants such as retail investors CITATION Int134 l 1033 (Interbank Market,...