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Foreign exchange is exchanging foreign currencies. The foreign exchange market assists international trade and investment by enabling the conversion of currency. In a typical forex transaction , one side purchases one currency for another. Currency trading is carried out on forex platforms, like eToro or Zulutrade. Fiding these platforms is usually done by searching the web for "forex", "foreign exchange", "trading forex, "trading online", and so on. Once a suitable platform is found, one can open an account and start trading. To learn more, it is advisable to look into the top forex websites, which have plenty of guides, turorials and useful information.
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Foreign Exchange refers to trading one type of money for the other in the FOREX market or foreign exchange market. Foreign exchange market deals with currencies; here you spend your own money to buy a foreign currency you want. Foreign exchange market offers services to many individuals, businesses and foreign investors. For individuals - if you are going to visit a country, then you need to exchange your country's currency into local country's currency for further expenditures. For businesses - if you're conducting business in overseas, then you must have a foreign bank account for exchange services. Because the bank will handle all the currency exchange services during money transaction. For investors - if you are investing money in different currencies, then you need foreign exchange service for investments.
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What are the differences between foreign exchange market and equity market?
Foreign exchange (forex) is the global market of currency (money) , equity market (stock market) is the global market of shares (small pieces of large companies)
What is the role of RBI in the foreign exchange market?
Just link to this site and ull get ur answer http://www.slideshare.net/rajeevj/foreign-exchange-market-presentation
What determines supply and demand in the foreign-exchange market?
Supply and demand in the foreign-exchange market are determined by changes in many market variables, including relative price levels, real interest rates, productivity, product preferences, and perceptions of economic stability.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
What is difference between money market and foreign exchange market?
Foreign exchange market is a market where foreign exchange currency problems are resolved in international trade. Where as Money market is for the lending and borrowing of short term loans.
What is foreign market manipulation?
manipulate in the securities of the FOREX(foreign exchange market)..
How to name Forex market in other words?
currency exchange Fx market Foreign exchange market
What is a fx trader?
"Fx trader, or Foreign exchange market, is a global financial market to show the current foreign exchange on currencies. It determines the currency exchange rates."
What are the foreign exchange market instruments?
what are the FOREX market instrument?
What are the differences between foreign exchange market and equity market?
Foreign exchange (forex) is the global market of currency (money) , equity market (stock market) is the global market of shares (small pieces of large companies)
What are the main institution of the foreign exchange market?
I think that there is no any main institute of foreign exchange market. how ever for informationn about t forex visitwww.forexarticale.blogspot.com
What is the role of RBI in the foreign exchange market?
Just link to this site and ull get ur answer http://www.slideshare.net/rajeevj/foreign-exchange-market-presentation
The word Forex is short for?
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
What determines supply and demand in the foreign-exchange market?
Supply and demand in the foreign-exchange market are determined by changes in many market variables, including relative price levels, real interest rates, productivity, product preferences, and perceptions of economic stability.
Does the foreign exchange works on Saturdays?
The foreign exchange (forex) market is open 24/7 Mon-Fri.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
