What is Forex?
Forex is the initials for foreign exchange. Actually forex is used particularly to refer to the global market of the exchange of foreign currencies. The Forex market is the largest market in the world both by the the quantity of trades beig performed and the comprehensive value of public funds being traded. In forex, one curency is traded for another e.g.: EURO EUR is traded for the US Dollar (USD). Currencies are always traded in pairs and, therefore, each forex transaction results in the buying of one curency and the selling of another.
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