Forex - FX
The foreign-exchange ("forex" or "FX") market is the place where currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day.
Investopedia Commentary
There is no central marketplace for currency exchange, rather, trade is conducted over-the-counter. The forex market is open 24 hours a day, five days a week, with currencies being traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - spanning most time zones.
Related Links
A Primer On The Forex Market
Getting Started In Forex
Getting Started In Forex Options
Devising A Medium-Term Forex Trading System
See also: Currency, Currency Option, Exchange Rate, Foreign Currency Effects, Over-The-Counter - OTC, Repatriation
Also spelled: FOREX, FX, foreign exchangeFX