Foreign Exchange – Forex

Example of exchange

What Is exchange – Forex?

Foreign Exchange (forex or FX) is that the commerce of 1 currency for one more. as an example, one will swap the U.S. dollar for the monetary unit. exchange transactions will surface on the exchange market, conjointly called the Forex Market.

The forex market is that the largest, most liquid market within the world, with trillions of bucks dynamic hands daily. there's no centralized location, rather the forex market is associate system of banks, brokers, establishments, and individual traders (mostly commerce through brokers or banks).