Forex (Fx)
| Forex, also known as foreign exchange or FX, is a decentralized marketplace where currency pairs are traded. It is the largest and most liquid market in the world, with over $5 trillion traded daily. Most forex trading is done by large financial institutions, but retail traders can also participate in this market. Retail traders typically trade through online forex brokers. There are many different currency pairs that can be traded on the forex market. The most popular pairs are the EUR/USD, GBP/USD, USD/JPY, and USD/CHF. The forex market is open 24 hours a day, from Sunday evening to Friday evening. This allows traders to trade currency pairs at any time of day. The forex market is very volatile, which means that prices can move very quickly. This can be both good and bad for traders. It is important to be aware of the risks involved in forex trading before getting started. |
Share this glosssary
