Welcome!

This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.

This question has been flagged
1 Reply
25 Views

What is forex?

Avatar
Discard
Best Answer

Forex (short for foreign exchange or FX) is the global marketplace for trading currencies. It is the largest and most liquid financial market in the world, where participants, including banks, financial institutions, corporations, governments, and individual traders, buy, sell, and exchange currencies at current or determined prices.


Forex operates over-the-counter (OTC), meaning that trading is done electronically via a network of banks, brokers, and institutions, rather than through a centralized exchange. The primary purpose of the forex market is to facilitate international trade and investment by enabling businesses to convert one currency to another. However, it is also heavily used for speculative purposes, where traders aim to profit from fluctuations in currency exchange rates


.


Avatar
Discard