Forex / Foreign Exchange

Forex (FOReign EXchange) is a worldwide over-the-counter (OTC) financial market for the trading of currencies. It assists international trade by allowing businesses to convert one currency to another currency.

For example, it permits a US business to import Japanese or European products and pay in Yen or Euros even though the business receives its income in US Dollars.

It is a decentralized financial market where computer technology makes it possible for investors to deal directly with other investors/dealers rather than with a given exchange.

It is the largest of all the financial markets in the world with over $4 Trillion USD traded per day! How can this benefit me?

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