Economic Glossary | Forex | Bankers Algo
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Economic Glossary


The foreign exchange market (forex, FX, or currency market) is a form of exchange for the global decentralized trading of international currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. EBS and Reuters' dealing 3000 are two main interbank FX trading platforms. The foreign exchange market determines the relative values of different currencies.

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Banker's Algo Daily Dose

Word of the day



the state of being happy, especially in a high degree; bliss

Synonyms: cheerfulness, contentment, delight, ecstasy, elation, enjoyment, euphoria

Antonyms: grief, misery, sorrow, unhappiness, upset

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With a uniform speed a car covers a distance in 8 hours. If the speed is increased by 4 km/hr the same distance could be covered in 15/2 hours. What is the distance covered?

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