Foreign Exchange (Forex/FX) Definition
The Foreign Exchange (Forex or FX) market is a global, decentralized financial market for the trading of currencies, determining the foreign exchange rate for e
The Foreign Exchange (Forex or FX) market is a global, decentralized financial market for the trading of currencies, determining the foreign exchange rate for every currency pair. It is the largest and most liquid financial market in the world, with an average daily trading volume exceeding $7.5 trillion, facilitating international trade, investment, and tourism.