The following Forex FAQ section contains general information about foreign 
exchange markets. 

What is Foreign Exchange?
Foreign exchange is the simultaneous buying of one currency and selling of 
another. The world's currencies 
are on a floating exchange rate and are always traded in pairs, for example 
Euro / Dollar or Dollar / Yen. 
With a daily average turnover of approximately $1.4 trillion, the foreign 
exchange market, also known as the 
"Forex" or "FX" market, is the largest financial market in the world. 

Where is the central location of the forex market?
Unlike the stock and futures markets, forex trading is not centralized on an 
exchange. Due to the fact that 
transactions are conducted between two counterparts over the telephone or via 
an electronic network, the 
forex market is considered an "Over the Counter" (OTC) or "Interbank" market. 

For more detail please visit

http://www.bigjumping.com/forex-information/Forex_trading_FAQ_information.htm

Good Luck
4X




 
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