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MARKET SIZE:
The foreign exchange market is considered to be the Over The Counter, or Interbank, due to the fact that the market is electronic, in the banking network, continuously operates in 24/24 hours. This means that the spot foreign exchange market is spread around the world and has no central location. Transactions can take place anywhere, anytime. So when you join this market, you are completely active on time and space works.
The chart below shows the ten most traded currencies. The dollar is the most traded currency, accounting for 84.9% of all transactions. The euro was second with 39.1%, while the yen was third with 19.0%. These top currencies are in the major currency pairs.
Note: Because two currencies co-participate in each transaction, the total percentage of individual currencies is 200% instead of 100%.
Due to the large volume of transactions, major currency pairs (with the participation of the US dollar) have more stability in terms of fluctuation, lower transaction costs.
LIQUIDITY:
Most transactions in the foreign exchange market were conducted during the day, which accounted for 90% of total trading volume, transaction amounts up to billions of dollars. Therefore, you can rest assured about the liquidity of the market. Your trading orders are executed as soon as you hit the buy/sell button.