What is foreign exchange (forex)?

Nicholas Apr-28-2023 03:00:34

372 days ago

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Foreign Exchange (Forex) is the global decentralized market for the trading of international currencies. It is a market where currencies are bought and sold, and is the largest and most liquid financial market in the world, with an average daily trading volume of over $5 trillion. With its huge volume and international reach, Forex allows investors and traders to gain exposure to a variety of different currencies across different financial markets. Forex trading involves the simultaneous buying and selling of different currencies in order to speculate on the relative values of those currency pairs.

Léa

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answered 22 Aug 2023

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