financial institutions to buy and sell foreign currencies, sometimes in large amounts. Since foreign exchange is conducted on every part of the world, the market is open for 24 hours a day, seven days a week. The motivations behind this demand for foreign currency is that it includes capital flows arising from trade in goods and services, cross-border investment and loans and assumption on the future level of exchange rates. The brokers act as intermediaries between the banks. Forex brokers are companies with computer software links or telephone lines to banks throughout the world. It is the job of a forex broker to know what banks has the highest buying rate for a currency and what banks has the lowest selling rate for a currency.

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