Understanding Escrow Account

Forex, short for foreign exchange, refers to the global marketplace where currencies are traded.
It involves buying one currency while simultaneously selling another, with the aim of profiting from fluctuations in exchange rates.
Forex trading occurs over-the-counter (OTC), meaning it is decentralized and conducted electronically through a network of banks, financial institutions, and individual traders.
The forex market operates 24 hours a day, five days a week, allowing for continuous trading across different time zones.
It is the largest and most liquid financial market in the world, with a daily trading volume exceeding trillions of dollars.
Participants in the forex market include central banks, commercial banks, hedge funds, multinational corporations, and individual retail traders.

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