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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.This market determines the foreign exchange rate.It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit
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Learn How To Trade Forex in The Philippines Updated: November 13, 2018. The foreign exchange market is the largest, oldest, and most liquid financial market in the world. It is open 24 hours a day, 6 days a week and one of the few places where you can make large profits regardless if market conditions are up, down or sideways.
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BSP stands for Bangko Sentral ng Pilipinas, which is the local regulatory body for Forex brokers in the country.The Philippines are known as a developing market for broker companies, and the BSP makes sure that the locally registered brokers abide by rules and regulations.. About BSP. BSP is the central bank of the Philippines. It was established in 2003.
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Forex is the world’s most traded market, with an average turnover in excess of US$5 trillion per day. Essentially, forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation.
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