BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The foreign exchange market, commonly referred to as the Forex or FX, is the global marketplace for the trading of one nation’s currency for another. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day.

Detailed explanation-2: -foreign exchange market (forex, or FX, market), institution for the exchange of one country’s currency with that of another country.

Detailed explanation-3: -The foreign exchange market is an over-the-counter (OTC) marketplace that determines the exchange rate for global currencies. It is, by far, the largest financial market in the world and is comprised of a global network of financial centers that transact 24 hours a day, closing only on the weekends.

Detailed explanation-4: -More specifically, foreign exchange transactions include: the spot foreign exchange purchase and sale and foreign exchange transaction business for personal customers; the spot, forward and option-date forward foreign exchange transaction business for corporate customers; and the foreign currency option transaction.