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The foreign exchange market (forex, FX, or currency market) is a form of exchange for the international trading of currencies. The foreign exchange market is also known to be the largest in the world with over $5.1 trillion being traded every day.[1] The markets are also open 24 hours a day for 5 days a week and are some of the most active as traders from across the globe exchange currencies.
While most forex is traded by large institutions, banks and corporations, there are a great many retail foreign exchange traders. These are traders that will trade on their own accounts and buy / sell forex in order to target a specific return. This has increased dramatically recently with internet usage and online trading platforms.[2] In the moral context this practice is to be avoided as personal behavior and also considering potential damage to the real economy.
Commodities ($USD) | ||
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