How is the forex market different from other financial markets?
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Forex Market: It is decentralized, meaning there is no central exchange like stock markets. Trading occurs globally through a network of banks, brokers, and financial institutions.
Other Markets: Stock markets and futures markets are centralized, with trading happening on specific exchanges like the NYSE or NASDAQ.
What is the difference between the forex market and other financial markets in terms of liquidity, trading hours, and trading instruments?