How the forex market works
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The forex market (or foreign exchange) is essentially where the currencies of all the different countries (including gold and silver) are traded.
For example: you could buy Japanese Yen with United Kingdom Pounds or sell Russian Rubles for Swedish Kroners.
Essentially, it’s just the trading of one currency for another.
Needless to say, when you trade currencies like this, you don’t have to purchase or sell anything physical – you trade and sell with your own base currency and any currency pair you desire.
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