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The FX market is also known as the | The FX market is also known as the foreign exchange market, [[Forex | FX]], or the currencies market. It is a global decentralized or over-the-counter (OTC) market that determines the exchange rate for currencies of countries around the world relative to another country. Participants in the FX market can buy, sell, exchange, and [[Speculating | speculate]] on the relative [[Exchange_rates | exchange rate]] of various currency pairs. |
Revision as of 10:18, 11 May 2023
The FX market is also known as the foreign exchange market, FX, or the currencies market. It is a global decentralized or over-the-counter (OTC) market that determines the exchange rate for currencies of countries around the world relative to another country. Participants in the FX market can buy, sell, exchange, and speculate on the relative exchange rate of various currency pairs.