A market with no central market place. The foreign exchange market is a decentralised market.
Did you know?
Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.
Word of the day
"Tick" - The difference between the current market price and the last-quoted market price.
Try to stay away from bucket shops.