Forex

Definition	:	Foreign Exchange
Category	:	Business » Business Terms
Country/Region	:	Worldwide
Popularity	:

What does Forex mean?

Foreign Exchange (Forex or FX) is the largest international currency exchange market in the world. It is the market where various currencies are traded.
Trading on a Foreign exchange market simply means buying one currency and selling another at the same time. In other words, the currency of one country is exchanged for the currency of another country at the current exchange rates.