Which has risen from $5 trillion just a few years ago. One critical feature of the forex market is that there is no central marketplace or exchange in a central location, as all trading is done electronically via computer networks. This is known as an over the counter (OTC) market.
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Forex is short for foreign exchange – the transaction of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism and to enable international trade. .
Learn the basic concepts of forex trading, what this market is all about, and why you should be a part of it.
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EURUSDEuro / U.S. Dollar
|
1.04530 | +0.22%+0.00225 |
GBPUSDBritish Pound / U.S. Dollar
|
1.04530 | +0.22%+0.00225 |
|
USDJPYU.S. Dollar / Japanese Yen
|
1.04530 | −0.22%−0.00212 |
|
USDCHFU.S. Dollar / Swiss Franc
|
1.04530 | +0.22%+0.00225 |
|
AUDUSDAustralian Dollar / U.S. Dollar
|
1.04530 | −0.13%−0.00161 |
|
USDCADU.S. Dollar / Canadian Dollar
|
1.04530 | +0.22%+0.00225 |
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