What is Forex

1. Forex:

The foreign exchange market (currency, forex, or FX) trades currencies. It lets banks and other institutions easily buy and sell currencies.
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The surprising news of the week was seeing JPMorgan and Intel Corporation lifting up and beating their forecasts, which led making people feel more comfy and less risky. Intel, the world’s best 5th brand and a leader in manufacturing semiconductors, has beaten the forecast predictions and had an increase in revenue by 4.4 percent. The estimations were less but this certainly was good news for the economy.
The purpose of the foreign exchange market is to help international trade and investment. A foreign exchange market helps businesses convert one currency to another. For example, it permits a U.S. business to import European goods and pay Euros, even though the business’s income is in U.S. dollars.