Popular practice of buying and selling currencies on the foreign exchange market in order to achieve monetary gain. Forex trading is practiced 24 hours a day since the market is always open in at least one market somewhere in the world, due to their locations in different time zones. It's popularity can be put down to the fact that huge gains can be made in a very short time when only small changes in a currencies' value relative to another takes place, providing the investor has sufficient capital to maximize these circumstances.
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Society for Worldwide Interbank Telecommunications (SWIFT)
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Forward Foreign Exchange
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