What is Forex?

Did you know that at $5.3 TRILLION worth of daily trading volume, the forex market is the LARGEST financial market in the world?  The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. Forex trading is the simultaneous buying of one currency and selling another. Currencies are traded through a forex broker or dealer, and are traded in pairs; for example the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).

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