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by princy william (2019-01-10)

Forex is a term used Cryptoblueprint Review to describe the process of trading the world's currencies. Other terms include Foreign Exchange, or just FX. This trading process is called a "market", and it happens to be the largest market in the world If you just imagine that you are trading money at a huge outdoor bazaar, that happens to be online, you will get a good picture of what it is about. Trading in the forex market is based on speculation, or in other words, educated guesses. There is no central exchange for this market. Trading takes place directly between two traders over the phone or on electronic markets in centers for trading, which include New York, London, Frankfurt, Tokyo, and Sydney. Because the trading takes place worldwide, it stays open 24 hours a day.