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November 01, 2006
What is the Foreign Exchange
Foreign exchange, Forex or FX as it is know is the Planet's oldest and largest financial market. It is the place where one country's currency is exchanged for that of another. On average $2 Trillion exchanges hands every day in the form of currency transactions. This volume makes equity markets look minuscule by comparison. For example, the daily market for equities is $50 billion and the average daily value of futures contracts traded is roughly $30
From What is the Foreign Exchange
Posted by Ken at November 1, 2006 01:52 PM
