Foreign Exchange
Foreign Exchange:
Instruments, such as paper currency, notes and checks, which is used to make payments between countries.
Forex = Currency:
An over-the-counter market in which buyers and sellers conduct foreign exchange transactions. Also called foreign exchange market.
Forex market:
The forex market is a big, growing and liquid financial market that operates 24 hours a day. This is not a market in the traditional sense because there is no central trading location or "exchange". Most trade is conducted by telephone or through electronic trading networks. The main market for forex is the "interbank market", where banks, insurance companies, large corporations and other large financial institutions manage the risks associated with fluctuating exchange rates.
Instruments, such as paper currency, notes and checks, which is used to make payments between countries.
Forex = Currency:
An over-the-counter market in which buyers and sellers conduct foreign exchange transactions. Also called foreign exchange market.
Forex market:
The forex market is a big, growing and liquid financial market that operates 24 hours a day. This is not a market in the traditional sense because there is no central trading location or "exchange". Most trade is conducted by telephone or through electronic trading networks. The main market for forex is the "interbank market", where banks, insurance companies, large corporations and other large financial institutions manage the risks associated with fluctuating exchange rates.
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