Forex Self-Enrichment!

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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies

The foreign exchange market assists domestic trade and investments by enabling currency conversion.

The foreign exchange market is unique because low margins of relative profit compared with other markets of fixed income.

Forward Market refers to the transactions – sale and purchase of foreign exchange at some specified date in the future, usually after 360 days of the deal.

FOREX provides a short-term credit to the importers so as to facilitate the smooth flow of goods and services from country to country.

Spot rates typically used for immediate requirements, or immediate exchange of bank deposits.

Factors affecting foreign exchange are demand, supply and unemployment rate.

Bank Negara Malaysia is responsible to moderate day-to-day fluctuations in the value of ringgit.

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