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What is Forex

Forexu00a0is the most known liquid marketplace where countless dollars exchanging everyday. Moreover, various national currencies are traded at this place.

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What is Forex

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  1. What is Forex? forex

  2. Forex Market • Forex is the most known liquid marketplace where countless dollars exchanging everyday. Moreover, various national currencies are traded at this place. Dollar and Euro are the hopping traded currency in FX. • In a simple manner, it is a network of institutions which is the largest financial market in the world. According to the source, Forex market is an electronic network of banks, institutions, and individual investors. • This exchange market has two more types markets namely Spot and Forward. On the other hand, in Foreign Exchange Market, currency trade in lot size like micro, mini and standard lots. However, this type of exchange market is unique compare to other exchange markets. The market opens for 24 hours a day. Forex allows traders to buy or purchase currency at any time during the working days from Monday to Friday.

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