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Why forex market?

April 26, 2017forex market

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Why forex market?

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The Foreign Exchange market is known as the Forex or FX market. It is an international foreign exchange market, where money is sold and bought freely and has become the world’s largest financial market, with over $1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Therefore, it gives the investor the prerogative to open or close a position at will.