Forex (foreign exchange) is the global market for trading one currency against another, quoted in pairs like EUR/USD. It is the largest and most liquid market in the world — roughly $7.5 trillion changes hands each day — and it trades 24 hours a day on weekdays.
How traders trade it
- Trade currency pairs — majors (EUR/USD), minors and exotics.
- Open 24/5 across the Sydney, Tokyo, London and New York sessions.
- High leverage is common; moves are measured in pips.
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Related terms
Related: Currency pair · Pip · Spread · Carry trade