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Foreign Exchange Market (FOREX)
The foreign exchange market (FOREX) is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency.
Forex trading is the buying and selling of global currencies. It’s how individuals, businesses, central banks and governments pay for goods and services in other economies. Whenever you buy a product in another currency, or exchange cash to go on holiday, you’re trading forex.
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Last modified 1mo ago