What Is the Forex Market? Let’s Find Out!
First and foremost, the foreign exchange market (forex or FX) is a global decentralized or over-the-counter (OTC) for the trading of currencies.
It (OTC) refers to the process of how securities are traded via a broker-dealer network as opposed to on a centralized exchange. One important fact: OTC trading can involve equities, debt instruments as well as derivatives, which are financial contracts that obtain their value from an underlying asset such as a commodity.
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In certain cases, securities might not fulfill the requirements to have a listing on a standard market exchange. Instead, they can be traded over-the-counter.
Nevertheless, OTC trading can include equities that...