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What is Forex? Forex is more well known as Foreign Exchange. This is where you change your currency against another, the simplest explanation is that exchange their euros for U.S. dollar or vice versa.
The most basic form of currency forex trader would be the institutions that could probably be found in malls and airports. The common feature of these is to convert your money into other currencies, so that when you leave the country that have some local currency to spend.
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The other way would be if a market is involved. This is where you change money and the change goes as planned, then change again. The fact is that when you return to more of what you put in, which is the type of currency involved.
But then again, you might think that you will have to maintain their currency for a long time, because exchange rates are generally slow to adapt, then you would be wrong.[ad] [ad]