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Trading

Foreign Exchange Market Basics Explained

Foreign exchange is more commonly known as FOREX (FOReign + Exchange).
In it’s most simplistic statement foreign exchange is the sale of one country’s currency for that of another.
The FX market is an over the counter (OTC) with no centralised exchange. Traders have a choice between firms that offer trade-clearing services.
The structure of the forex exchange market is highly decentralised,[…]