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What is Forex?

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Regal Core Markets
What is Forex?

Forex or Foreign Exchange (FX) refers to a type of trading that occurs across different currencies and markets. Compared to other types of financial exchanges, Forex is deemed to be the most stable because it has the busiest traffic with an estimated total of more or less $4 trillion daily transactions. It is also considered the most liquid since Forex utilizes no centralized governing body with transfers occurring through brokers, banks, financial institutions, and dealers.

Trades happen throughout the day, five days every week. It closes on Saturday mornings and resumes again on Mondays. This schedule allows traders to make the most of the business week to enact profitable exchanges.

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