More exactly, Foreign exchange is a funds trading market, and it is one of the largest and most quickly developing markets on the planet. Over $2.5 trillion are turned over on Foreign exchange every single day. That is over 100 times over the amount turned over every day on NASDAQ
So, what is a market? Simple, it is a place where goods are traded. Foreign exchange is no different, but with one tiny twist, the goods traded on Foreign exchange are the national currencies of the world. For example, on Foreign exchange you might pay in American dollars and buy some Canadian dollars or you could sell your Euros for Japanese Yen. There is nothing more to it than that.
So, what is a market? Simple, it is a place where goods are traded. Foreign exchange is no different, but with one tiny twist, the goods traded on Foreign exchange are the national currencies of the world. For example, on Foreign exchange you might pay in American dollars and buy some Canadian dollars or you could sell your Euros for Japanese Yen. There is nothing more to it than that.
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