KimonoElegance
Thu Jul 18 2024
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6 answers
967
What is a foreign exchange market?
Could you elaborate on the concept of a foreign exchange market? I'm curious to understand its fundamental workings and how it differs from other financial markets. Specifically, I'm interested in knowing what currencies are traded, who the main participants are, and how exchange rates are determined. Additionally, I'd appreciate a brief discussion of the factors that can impact currency fluctuations, as well as any strategies traders may utilize to profit from these movements. Could you provide a concise yet comprehensive overview of the foreign exchange market?
