Forex Terms

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The following 3 terms are used in Agiblocks in conjunction with Forex operations:

 

Forex requirement:  This is the request of a trader for a certain amount of currency to buy or sell.
Forex contract:  This is the agreement with the bank to convert the requested amount of currency on a given date in the future.
Forex allocation:  This describes the matching of the Forex requirement from a trader with a Forex contract from a bank.