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The foreign exchange market is a worldwide marketplace operating 24 hours a day, seven days a week, Monday through Friday, where currencies are transacted. Over-the-counter currency trading (OTC) means that there is no physical exchange (unlike with equities), and a worldwide network of banks and other financial institutions oversees the market (instead of a central business, like the New York Stock Exchange).

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A Simple Guide to Trading Foreign Exchange

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The foreign exchange market is a worldwide marketplace operating 24 hours a day, seven days a week, Monday through Friday, where currencies are transacted.

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