The word Forex is an abbreviation of 'Foreign Exchange' or it sometimes simply known as FX. This kind of market is a non-central, worldwide, over-the-counter market where currencies can be swapped and traded for corresponding prescribed values of trade. Forex trading essentially involves conversion of currencies at a certain specified exchange rate. The Forex market is one of the most complicated market as, lets face it, it consists of all currencies and indirectly all the national economies in the world. Lets see how Forex trading works, in detail.

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Microsoft has confirmed that it will buy off Internet phone service provider Skype for $8.5bn in cash. This deal will be the largest ever acquisition for Microsoft, who are looking for all means to extend their network platform, but ironically have not bought any company in the past 5 years. Skype, founded in 2003, is based in Luxembourg, and has 663mn users worldwide, It is currently owned by eBay and a few other private investors. Though, even with its wide user-base, Skype has not been able to churn out profits, and in the year 2010, their revenue was $860mn, with a net loss of around $7mn. This is something Microsoft will look to turnaround, along with integrating it within itself to better its own services worldwide.

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