Forex (FX)

The global market for trading currencies.

Detailed Definition

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. It is the largest, most liquid market in the world.

Related in Forex

Exchange Rate

The value of one currency for the purpose of conversion.

Fixed Exchange Rate

A currency's value matched to another currency or asset.

Quantitative Easing (QE)

Central bank purchasing of securities to increase money supply.