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What is Forex
What is the FOREX Market
The Foreign Exchange (FOREX) market is by far the largest market in the world. The $1.3 trillion average daily turnover dwarfs the daily turnover of the American stock and bond markets combined. There are many reasons for the popularity of foreign exchange trading, but among the most important is the available margin trading, the 24-hour a day 5 day a week liquidity, and low if any commissions.
What is forex Trading
Foreign Exchange Market, or Forex as it is commonly called, is an international exchange market to buy and sell different currencies from around the world. An investor has the ability to buy and sell these currencies in order to create gains from small movements in the value of one currency over another. The forex market is open from Monday at 0:00 GMT until Friday at 10:00 GMT. For this reason Forex traders are not limited to the general time constraints of the New York Stock Exchange or NASDAQ.
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