Definition, Meaning & Synonyms
forex
noun
/ˈfɔːrɛks/
Definition
Forex, short for foreign exchange, refers to the global marketplace for trading national currencies against one another.
Examples
- Traders participate in forex to capitalize on currency fluctuations.
- The forex market is open for trading around the clock.
- Many investors use forex to diversify their portfolios.
Meaning
The forex market is where currencies are bought and sold, and it operates 24 hours a day across different time zones. It is the largest financial market in the world, with trillions of dollars exchanged daily.
Synonyms
- Foreign exchange
- Currency trading
- FX
