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How Does The Foreign Exchange Market Work?

March 15, 2021 admin Comments Off on How Does The Foreign Exchange Market Work?

The foreign exchange market is the largest market in the world. It sees trillions of dollars exchanged daily through the buying and selling of currency pairs. It’s one of the most important financial markets for global commerce. It’s responsible for so many important aspects of currency regulation, from determining exchange rates to hedging against risk for international companies.
Unlike other markets regulated by exchanges, the forex market is unique in that it’s unregulated. It’s also decentralized. It relies on self-regulation through daily trading action, through supply and demand. It’s governed by macroeconomic factors on a global scale. Geopolitics, economic turbulence …read more […]