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All transactions produced around the forex market involve the simultaneous acquiring and selling of two currencies.
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The forward and futures markets are principally employed by forex traders who want to take a position or hedge against potential price changes in a very currency.
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When the exchange rate rises, that means the base currency has risen in price relative to the quote currency (mainly because €one will buy more U.S. pounds) and conversely, if the exchange rate falls, that means the base currency has fallen in benefit.