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International currency exchange market that allows making profits by buying and selling currencies. An abbreviation of FOReign EXchange, meaning foreign currency exchange. The term ‘FOREX’ is used to describe exchange of convertible currencies, and not all currency exchange transactions. The phrase ‘FOREX market’ emphasizes that quotes are determined by market, not administrative forces. Forex transactions vary by purpose and may be of trade, speculative, hedging, or regulatory (currency interventions by central banks) nature. ForexClub.biz »

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