is the process of converting one currency to another for various reasons such as commerce, tourism, or trading. The foreign exchange market is one of the most actively traded in the world, with a daily average volume of over $5.1 trillion. Buyers and sellers transfer currencies between each other after agreeing on a price. Although exchanges are usually done for purposes such as tourism and commerce as listed above, the majority of foreign exchanges are done to make profits
This is why traders like it. You can make a lot from Forex if you do it right. Also, you can trade for 24 hours daily because the Forex market is spread across banks in four major countries - New York, London, Sydney, and Tokyo.
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