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 What is Foreign Exchange / Forex / FX?

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PostSubject: What is Foreign Exchange / Forex / FX?   What is Foreign Exchange / Forex / FX? Icon_minitimeSat Aug 11, 2007 1:00 pm



What is Foreign Exchange / Forex / FX?

Foreign exchange is the simultaneous purchase of one currency and sale of another currencies are always traded in pairs. International currencies are traded on floating exchange rates. There is a daily average turnover of about US$1.5 trillion in the foreign exchange markets. The foreign exchange market is known as the "Forex," or "FX" market. It is the largest financial market in the world
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