Currency exchange (Forex or FX) is the exchange of one currency for another. For example, you can exchange the US dollar for the euro. Currency transactions can take place in the foreign exchange market, also called the foreign exchange market.
The forex market is the largest and most liquid market in the world, with billions of dollars changing hands every day.
There is no central location. Rather, the forex market is an electronic network of banks, brokers, institutions, and individual traders (mainly trading through brokers or banks).
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The currency exchange (Forex or FX) is a global market for the exchange of national currencies between them.
Currency exchanges form the largest stock market in the world by face value, with billions of dollars changing hands every day.
Currency trading uses currency pairs that are traded against each other.
Futures and futures contracts are another way to participate in the currency market.
