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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. Itโ€™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, youโ€™re trading forex.
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