What is forex short for?

Foreign exchange market

Forex is an abbreviation for the foreign exchange market - a global financial market in which banks and other large financial firms trade currency. Traders can purchase and sell any world currency through Forex, 24 hours a day, five days a week.

Because a typical day of Forex trading involves investors exchanging multiple trillions of dollars worth of currency, it is by far the world's largest financial market. You may also see Forex abbreviated even further, to just FX.


Did you know that anyone can trade currencies through Forex?
The Forex subreddit
The Forex subreddit

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Updated April 14, 2022

Forex definition by

This page explains what the abbreviation "Forex" means. The definition, example, and related terms listed above have been written and compiled by the team.

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