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Forex Forex is short for FOReign EXchange. Foreign exchange is an alternative way of saying currency trading. The forex market is open 24 hours a day, 7 days a week. It is the place where the currencies of individual countries are traded. It is the largest market, and it is enormously liquid. A few trillion a day is traded on these markets. If you have traveled, you may have come face to face with a broker where you exchanged your local currency with your destination country. This broker is a part of the forex industry.

Contributed by Forex Trading on March 28, 2008, at 10:33 PM UTC.

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