foreign exchange market

  

Definition

Global market in convertible currencies are traded and their conversion rates are determined. It is the world's largest financial market in which every day, on average, some one and one-half trillion dollar worth of currencies are bought and sold. Out of this only about 15 percent is traded for goods or services, the balance 85 percent is traded by the individual and institutional speculators.

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  • You need to know how to assess the foreign exchange market and wait for the right time to make your moves.

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  • I really enjoyed the foreign exchange market because it gave me a chance to see all the other forms of currency in the world.

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  • A person who sells stocks should be very aware of the foreign exchange market's base prices on certain stacks even dealing with penny stocks.

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