The forex market, or foreign exchange market, is a trading market where people will trade currencies around the world. The forex market is like the stock market in that money is traded and that people on the market can gain or lose money in trading, but it is much larger than any other market out there. That is because all kinds of monies are being traded at any time of the day.
Like with stock market prices currency exchange rates will change every day and can be different at any time of day. Therefore, it will be important to watch how your forex market investments are doing so that you do not lose any money in your transactions.
Also, you should understand that the forex market is open all day long. There are major forex market trading areas around the world, including locations in London, New York, Zurich and Tokyo. There is always at least one forex market trading area open during the day. The exchange rates will be different throughout the day, especially when the forex market in one city closes for the day and another at a different point in the world opens.
There are many different currencies that are being traded on the forex market. These include...
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