Forex assists international trade and investment with currency conversion. Forex is a market in which participants are able to buy, sell and exchange on currencies.Forex includes various banks, commercial companies, central banks and retail forex brokers and investors.
Forex is one of the largest markets in the world. The main trading center of the Forex is London. New York, Tokyo, Hong Kong and Singapore are also considered as the important trading centers of the Forex.The main and primary function of Forex is to convert money of the one country into the money of another country.
Foreign Exchange Market can be divided into two categories of market: -
Useful Terms Of Forex