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What is forex?

Updated: 9/21/2023
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Wiki User

7y ago

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What is Forex ? FOREX is an abbreviation of Foreign Exchange often it is called as FX. Also the Term Forex used to describe Currency trading on foreign exchange market which is known as Forex trading or FX trading. Take note, that Forex Market is the largest financial market in the planet with an average daily traded volume of about 5.1 Trillion US Dollar as of 2016 while the world's largest Stock Market, the New York Stock Exchange, trades a volume of about $22.5 billion US Dollar each day.

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Wiki User

7y ago
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Innocent Ogbuka

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1y ago
Check out my YouTube to know more @thekingforex
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4leverage

Lvl 2
2y ago

Forex is the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world. That's just the baseline answer. There’s so much more we can tell you about it!

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Monica Abbott

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2y ago
Oh ok
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Kenya Carter

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2y ago
are you sure?
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Innocent Ogbuka

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1y ago
Check out my YouTube to know more @thekingforex
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Innocent Ogbuka

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1y ago
Check out my YouTube to know more @thekingforex

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Wiki User

15y ago

The Foreign Exchange Market.

FOREX is where foreign currency trading takes place.

FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The FX market is one of the largest and most liquid financial markets in the world.

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Maya Aaliyah

Lvl 2
4y ago

What is Forex? Forex is the most realized fluid commercial center where endless dollars trading regularly. Besides, different national monetary forms are exchanged at this spot. Dollar and Euro are the jumpings exchanged cash in FX. In a straightforward way, it is a system of organizations that is the largest financial market in the world. As indicated by the source, the Forex market is an electronic system of banks, organizations, and individual financial specialists. This trade showcase has two additional sorts of advertises to be specific Spot and Forward.

For complete details check below link: stockinvestor.in

What is forex

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Innocent Ogbuka

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1y ago

Check out my YouTube to know more

@thekingforex

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Related questions

Where can one check the Forex markets?

One can check the Forex markets on the Forex official website. The website Forex Markets is also a good way to check on all the latest news and charts regarding Forex.


What is a forex cover?

I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.


How does the forex works?

You can go with Forex Brokers like Integerfx.


When was Forex Bank created?

Forex Bank was created in 1927.


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When was Forex-Metal created?

Forex-Metal was created in 2007.


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EarnForex is a website that has a list of different Forex Brokers. Forex Trading Charts is another place to look and see a listing of different Forex brokers available.


Where can one find and read forex broker reviews?

There are many places where one can find and read forex broker reviews. One can find and read forex broker reviews at popular on the web sources such as Daily Forex and Go Forex.


Where can you find the Forex forums?

Forex forums are available on Baby Pips. Forex forums allows conversation on many versatile subjects. There are also different types of Forex forums on different websites.


What is gulfforex?

Gulf Forex is a website provides traders like beginners like professionals with forex signals. Each forex singal is delivered directly via SMS or email in real time using a cutting edge technology. Gulf Forex works with high integrity in order to provide its clients with its Forex trading signals. Therefore, each forex alert is written and sent by a professional forex trader from a team, which monitors and analyzes the market 24/7 to hunt for the best forex signals available. Our forex signal service is based on quality and not the number of forex alerts. Hence, every forex trade signal is scrutinized by our professional team before issued, making it a top forex signal that is accurate and profitable.


The word Forex is short for?

Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.


What kind of training is covered in Forex training?

Forex training is learning the successful strategies and tips to perform Forex which is Foreign Exchange Trading. In Forex training you will learn about the foreign exchange market and how to begin.