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Tips of the day for forex


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Foreign exchange -- often called forex or FX -- is the conversion of one currency to another. Global businesses have long used foreign exchange as a way to hedge against fluctuating currency prices that affect importing and exporting expense and profits. Forex has evolved into the world's largest speculative marketplace, with more than $4 trillion in currency value exchanged daily, according to Baby Pips. Forex also provides one of the most popular day trading investment markets used by full-time forex traders.

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