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What exactly does a forex exchange mean?

Updated: 8/19/2019
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12y ago

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I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from Another Country.

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12y ago
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Q: What exactly does a forex exchange mean?
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What does the phrase forex trader mean?

The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)


What is mean forex?

FOREX is short for Foreign Exchange. It is the conversion of one country's currency for another.


The word Forex is short for?

Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.


What exactly is Forex trading?

Forex trading means foreign exchange. One will find that Forex trading has some risks involved. One will need a broker for this as one may earn (and sometimes lose) money.


What is forex exchange market?

Forex exchange market is a currency market and It is market for the trading of currencies.


What is exact mean by forex?

Forex (or FX) is short for Foreign Exchange. It represents a transaction where a currency is exchanged for another at a mutually agreed rate.


How is the forex market different from the New York Stock Exchange?

The main differences between the forex exchange market and new york stock exchange is that forex deals only with foreign exchange and the stock exchange deals primarily with domestic stocks.


What does forex arbitrage mean?

Forex arbitrage is forex trading strategy where an individual locates a currency exchange rate that is incorrectly priced, and then utilizing this with another currency pricing to create a profitable trade.


What kind of training is covered in Forex training?

Forex training is learning the successful strategies and tips to perform Forex which is Foreign Exchange Trading. In Forex training you will learn about the foreign exchange market and how to begin.


What is Forex Services?

forex is Foreign Exchange (buying and selling of foreign currency)


What is a forex cover?

I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.


What is forex exchange used for?

The forex exchange is a useful tool used for the individual's trading needs. Through forex exchange, it's possible to see the rates, charts, and convertible currency. It is mostly useful for marketing and financial necessities.