Forex - FX

AAA

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.

VIDEO

RELATED TERMS
  1. Prime Of Prime - PoP

    A brokerage that provides service to traders (especially Forex ...
  2. Currency Option

    A contract that grants the holder the right, but not the obligation, ...
  3. Foreign Currency Effects

    The gain or loss on foreign investments due to changes in the ...
  4. Cambist

    An individual or broker considered to be an expert in foreign ...
  5. Eurocurrency Market

    The money market in which Eurocurrency, currency held in banks ...
  6. Cross Currency

    A pair of currencies traded in forex that does not include the ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

  3. The Hong Kong Dollar: What Every Forex ...
    Forex Education

    The Hong Kong Dollar: What Every Forex ...

  4. 5 Economic Reports That Affect The Euro
    Forex Education

    5 Economic Reports That Affect The Euro

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center