Cash Equivalents: What You Need to Know About Forex Trading

Cash equivalents, such as Forex, are financial instruments, such as securities or money market instruments, that have high availability and can be converted into cash instantly. Forex, also known as foreign exchange, is a global decentralized market where various currencies are bought and sold. Because of its liquidity and because it’s one of the most actively traded markets in the world, forex is seen as a viable cash equivalent.

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