Currencies

The foreign exchange market, commonly referred to as Forex or FX, is the process of changing one currency into another currency.

Open 24 hours a day 5 days a week, the foreign exchange market is the largest and most liquid market in the world, with volumes of over $5 trillion a day, surpassing any other exchange-based market.

Foreign exchange trading involves trading one currency pair against another, predicting that one currency will rise or fall against another. Forex is always traded in currency pairs—for example, EUR/USD (Euro vs. US dollar).