FOREX
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Forex is the abbreviation of foreign exchange market. The Forex market works only online and is responsible for moving alarge amount of moneyevery day. Its working welldifferent from the stock exchange🇧🇷 This is because Forex operations work by buying one currency while selling another. The intention of people who trade forex is to make gains through trading.speculation regarding the valuationor devaluation of currency prices.
What is the Forex market?
The term Forex, also known as FX, is a contraction of foreign exchange market, an expression that can be translated as foreign exchange market. Forex is considered as the biggest foreign exchange market in the world, as it moves a large amount of money daily.
For you to have an idea, the Forex market moves more resources than the big stock exchanges. Created in 1971, Forex does not exist physically, it only works virtually. That is, despite being responsible for moving a large volume of money, it does not have a headquarters. It is accessed by central banks, corporations and commercial banks around the world.
It operates 24 hours a day, between 22:00 on Sunday and 22:00 on Friday. It obeys the opening and closing times of the main exchanges around the world: Sydney (in Australia), Tokyo (in Japan), London (in England) and New York (in the USA). Maybe you are wondering how to invest in the Forex market? To invest in the forex market, you need to buy and sell two currencies simultaneously.
Forex is the abbreviation of foreign exchange market. The Forex market works only online and is responsible for moving alarge amount of moneyevery day. Its working welldifferent from the stock exchange🇧🇷 This is because Forex operations work by buying one currency while selling another. The intention of people who trade forex is to make gains through trading.speculation regarding the valuationor devaluation of currency prices.
What is the Forex market?
The term Forex, also known as FX, is a contraction of foreign exchange market, an expression that can be translated as foreign exchange market. Forex is considered as the biggest foreign exchange market in the world, as it moves a large amount of money daily.
For you to have an idea, the Forex market moves more resources than the big stock exchanges. Created in 1971, Forex does not exist physically, it only works virtually. That is, despite being responsible for moving a large volume of money, it does not have a headquarters. It is accessed by central banks, corporations and commercial banks around the world.
It operates 24 hours a day, between 22:00 on Sunday and 22:00 on Friday. It obeys the opening and closing times of the main exchanges around the world: Sydney (in Australia), Tokyo (in Japan), London (in England) and New York (in the USA). Maybe you are wondering how to invest in the Forex market? To invest in the forex market, you need to buy and sell two currencies simultaneously.