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> These prices are the opinion of a relatively small number of people

complete rubbish, FX is the most liquid and actively traded instruments there are



Yes.

> In terms of trading volume, it is by far the largest market in the world, followed by the credit market.

Furthermore:

> Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.

https://en.wikipedia.org/wiki/Foreign_exchange_market




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