The Forex market or the currency market is the largest market in the world both in terms of volume of transactions done and in terms of the value of transactions performed in the market each day. In fact the market is so huge that each day transactions amounting to sixty times the value of transaction happening on the NYSE, are recorded in the market. The world of forex brings with ample opportunities to invest your own money and generate returns that are exceptional in nature.
But before we take a look at these opportunities, we need to understand what really constitutes the forex market? In layman terms, the currency market is a market where buying and selling of currencies is done. It is an over the counter market where deals are negotiated directly between investors over the interbank network. On the currency market, currencies can be sold or bought in pairs. This is because you would always be paying in one currency to buy another currency; hence these two currencies become a part of the currency pair being traded in the market. For example you have the EUR/USD pair in which you can buy a EUR by spending or selling a USD.
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