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What is Forex?

The Foreign Exchange market is popularly known as “FOREX” market. Forex trading involves trading of a currency pair, in which one currency is bought / sold against another currency at the prevailing market rate. Currently the estimated traded volume of Forex market is over 5 Trillion $ per day Globally, and it’s available to trade over the counter, 24 hours a day. Forex Market participants include Bank, Corporates, Exchange houses, Exporters, Importers and Individual investors.