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Forex market is a global market.

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Forex market is a global market. Therefore, regulation of the Forex market is a troublesome issue since it relates to the sovereignty of the currencies of numerous nations. This creates a situation wherein the Forex market is to a great extent unregulated. Therefore, there is no brought together exchange which ensures the risk free execution of exchanges. Therefore, when speculators or traders go into exchanges, they additionally must be perceptive of the default risk that they are confronting for example the risk that the counterparty might not have the expectation or the capacity to honor the agreements. Forex trading therefore includes careful evaluation of counterparty risks just as creation of plans to moderate them.

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Yes it is global market that's why we have to use brokers that offer trading assets not limited to currency pairs, gold and oil. For example I trade metals and sugar CFD with Hotforex and you know, commodity prices are quite sensitive to changes in supply and demand which are easier to analyse than supply and demand of national currencies where many more factors come into play. 

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