Wednesday 28 October 2009

Foreign exchange

Foreign exchange, or forex trading is simply the simultaneous purchase and sale of one country's currency for the currency of another currency. Forex trading is always done in currency pairs. As the value of one currency rises or falls relative to another, traders decide to buy or sell currencies in order to make profit. The foreign exchange market is the largest financial market in the world with a daily turnover of more than $1.4 trillion, making it the most exciting and accessible market for trading. As the forex market works 24-hours a day, 5 days a week

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