ZOMBI tells,
"What Forex is?
"For-ex" stands for foreign exchange; it's also known as FX. In a for-ex trade, you buy one currency while simultaneously selling another.
It is the system under which commercial nations pay off their debts.
It can be defined as th system of foreign bills of exchange under which foreign payments are made.
" The term foreign exchange refers to funds available for use in international transaction and may include foreign currency, deposits in foreign banks, and other liquid, short term financial claims payable in foreign currencies."
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