Decoding the Dynamic World of Foreign Exchange Markets: Unveiling the Five Key Types Foreign exchange markets play a pivotal role…
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Foreign exchange, commonly referred to as “forex” or “FX,” is the global decentralized market where currencies are traded. It involves the buying and selling of different currencies with the aim of making a profit from fluctuations in exchange rates. The foreign exchange market is the largest and most liquid financial market in the world, with trillions of dollars’ worth of transactions taking place every day.