Before we proceed with the definition of forex, it is vital to inform you that a forex is a short form for foreign exchange. Forex refers to changing one currency into another in the form of financial transactions.The process of foreign exchange is performed for several reasons like tourism, international trade and commercial activities. The forex market is the place to trade forex and remains open throughout the day.It works five days a week and is used by organizations, investment firms, banks, retail traders and hedge funds.
Every country has its currency with a unique value, and when it makes a transaction with another country, the forex market helps maintain its present value. Therefore, it is vital to understand the definition of forex before making an international transaction. As per our forex assignment help writers, understanding all aspects of foreign exchange is essential to conduct business between two nations with two different currencies. If due, for any reason, you cannot write your assignment on forex, contact our writers. We have the best forex assignment writers to guide you and teach you all aspects of this subject.