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The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and ex...
What is forex? The foreign exchange (also known as FX or forex) market refers to the conversion of one currency to another by individuals, enterprises or central banks. It can be understood as a market that connects ...
Trading hours in the FOREX market are divided into four sessions: Sydney hours, Tokyo hours, London hours, and New York hours. Following is a schedule of the opening and closing hours for each market: Summer ...
There are a wide variety of FOREX currency pairs. To engage in FOREX trading, investors generally choose to start with major currency pairs. Major currency pairs refer to those involving the US dollar. The most popular currency pairs are EUR/USD, USD/JPY, etc. ...
FOREX is quoted in currency pairs, such as GBP/USD or USD/JPY. Take GBP/USD for example: BUY GBP/USD = 1.33722 SELL GBP/USD = 1.33704 The currency to the l...
There are many factors affecting the medium and long-term trend of the FOREX market, including interest rates, gross domestic product (GDP), US non-farm payrolls (NFP), consumer price index (CPI), producer price index (PPI), durable goods orders, claim...
Currency is the most common thing in daily life. It can be used to buy goods and services. when we go abroad, we should do the forex exchange. 1pound can exchange 1. 2937 US dollars, ...
Why do we trade FOREX? 1. Forex is a 24-Hour Market with margin trading. The FOREX market is opened around the clock, so you can trade at your preferred time. 2...