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What controls the movement of the forex market?

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In the financial market, the movement of the forex market is controlled by the forces of supply and demand. It's like an auction where buyers and sellers come together to trade currencies. When there is more demand for a currency, its price goes up, and when there is more supply, its price goes down.

Several factors influence supply and demand, such as economic indicators, interest rates, geopolitical events, and market sentiment. Traders and investors worldwide make decisions based on these factors, causing constant fluctuations in currency prices. So, this dynamic interaction determines the movement of the forex market.

See also: Can You Make A Living Trading Forex?

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This topic was modified 10 months ago by Chinedu Chikwem