While the average person has a basic understanding of the action of exchanging one currency to another, hardly any human beings outside the financial industry really grasp the importance of the foreign exchange market, often referred to as the Forex market. Opening at 5 PM ET on Sunday and ending Friday at 5 PM ET, this market provides the most accessibility outside of any financial enterprise by focusing on the facilitation of international trade and investment through an over-the-counter, decentralized system that converts one currency to another.
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June 20, 2011
The Forex Market: A Fiscal Foundation for International Stabilization
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