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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. | The FX market is also known as the foreign exchange market, [[Forex | FX]], or the [[Currency | currencies market]]. It is a global decentralized or [[Over_the_Counter | over-the-counter (OTC) market]] that determines the [[Exchange_rates | exchange rate]] for [[Currency | currencies]] of countries around the world relative to another country. Participants in the [[Forex | FX market]] can buy, sell, [[Exchange_rates | exchange]], and [[Speculating | speculate]] on the relative [[Exchange_rates | exchange rate]] of various [[currency]] pairs. | ||
Revision as of 11:10, 5 October 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.