by Albert Schmidt The worldwide market where currencies of different countries are exchanged is called Forex of FX market. Forex is a decentralized market. It works all around the world that’s why it’s a global market. On the other hand a separate market for each currency pair exists. Any currency pair has its own price. The currency pairs may act as if they are completely independent on each other, but there is some correlation. If any country in not doing very well economically the curr

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