What is currency trading/How Does Currency Trading Works In India
The currency market is a vital global marketplace where individuals and companies can buy and sell different currencies. It is commonly referred to as the foreign exchange market, and its significance lies in facilitating international trade and the financial sector. The market operates on two levels, namely, the Interbank Market and the Over-the-counter Market. The Interbank Market comprises some of the world's largest banks, which engage in the exchange of currencies and conduct large-scale trades among themselves. Conversely, the Over-the-counter Market is accessible to anyone who wishes to participate in currency trading through the utilization of a broker and an online trading platform. Functions Of The Currency Market The currency market plays a pivotal role in international trade and finance, serving various functions that underpin global economic activities. Firstly, it facilitates the transfer of funds, including foreign currencies, between different countries, thereby e...
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