Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume. Currencies are traded by individual retail investors, banks, financial institutions, and corporations engage in the act of currency trading for doing business. Retail investors and banks are trade to make profits and corporations usually trade in the normal course of the international business process.
Individual investors can also engage in currency trading, attempting to benefit from variations in the exchange rate of the currencies. The currency exchange rate is the rate at which one currency can be exchanged for another.
It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.
Both voice-based and non-voice-based processes have seen massive growth in India with the increase in business process outsourcing / BPO services over the last few years.
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