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.
INVESTOPEDIA EXPLAINS 'Forex - FX'
There is no central marketplace for currency exchange; trade is
conducted over the counter. The forex market is open 24 hours a day,
five days a week and currencies are traded worldwide among the major
financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong
Kong, Singapore, Paris and Sydney.
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.
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.
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