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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. ... The main participants in this market are the larger international banks.
These rates are usually pegged to the U.S. dollar. Their central banks have enough money in their foreign currency reserves to control how much their currency is worth. To keep the exchange rate fixed, the central bank holds U.S. dollars. It also increases the supply of dollars, sending its value down.
Trading in the stock market or any other exchange for that matter is not devoid of risks. Risks are a part and parcel of any investment and FOREX market is no stranger to such risks.
Base currencyAny Forex pair consists of two currencies. The first one quoted is known as the base currency, which is the domestic currency of the country you are trading in.Quote currencyThe second currency which forms part of the Forex pair is called a quote currency or a counter currency.
Read MoreThe need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial markets in the world.Trading currencies based on your perceived value of it is possible.
Read MoreForeign exchange, commonly called Forex or FX is the market in which currencies, or simply put, money, is traded. It may sound contradictory at first. How is it possible to buy and sell money?Well, money is not traded physically here.
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The basics of wealth managementFor those who are deeply involved with creating wealth, there is little time for anything else. And that includes managing the finances they bring in. Wealth managers help them do precisely that.Wealth management is a high-level professional service by individuals or management firms who regulate and control money flo
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