Forex is the buying and selling of one currency for another at an agreed rate. Its when you buy/sell at one rate, then the rate changes and you buy/sell at the new rate, preferably for a profit.
Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
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What is forex?
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