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YOU MUST KNOW:Definition of 'Forex - FX' The market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.

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Saturday, August 18, 2012

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The exchange of one currency for another, or the conversion of one currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as "forex" and occasionally as FX.

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YOU MUST KNOW:The forex is the largest market in the world in terms of the total cash value traded, and any person, firm or country may participate in this market.