(FOREX) also could the foreign exchange market, an over the counter market where buyers and sellers conduct foreign exchange transactions...one of the unique aspects of the Forex is that the volume of trading is so high.
FOREX also called the foreign exchange market where buyers and sellers can conduct a foreign exchange transaction one of the unique aspects of the Forex is that the volume of trading is so high.
It also form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currency simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country...
FOREX "FOREIGN EXCHANGE MARKET"… The World Currency..
Foreign exchange (FOREX).is the arena in which a nation's currency is exchange for another mutually agreed rate. Forex is now considered to be most largest financial market in the world . Any type of financial instrument that is used to make payments between countries is considered foreign exchange. The list of instruments includes electronic transactions, paper currency, checks, and signed, written orders called bills of exchange.
Large-scale currency trading, with minimums of $1 million, is also considered foreign exchange and can be handled as spot price transactions, forward contract transactions, or swap contracts.
Spot transactions close at the market price within two days, and the others are set to close at an agreed-upon price and an agreed-upon date in the future.