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What is Forex?

What is Forex?

Forex also known as foreign exchange market, is a decentralized global market for the trading of currencies at current or determined prices. The Forex Trading Market has the largest number of trades in the world with a daily volume of more than US$5 trillion, and it is open to major institutions and individual investors.

Major participants in Forex trading are financial institutions. The Forex market accommodates different types of players, from those who trade for foreign currency to buy goods and services, traders who invest for a profit and individuals who wish to hedge risks.

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