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Foreign Exchange Market
(redirected from Forex market)

    Also found in: Wikipedia 0.01 sec.
Foreign exchange market
Largely banks that serve firms and consumers who may wish to buy or sell various currencies.
Foreign Exchange Market
A market for the trading of currencies. For example, one may buy dollars or sell pounds on a forex market. Foreign exchange is one the largest and most liquid markets in the world. Trading occurs over-the-counter, and most of the major players are governments, banks, and speculators. Forex markets are often used in hedging strategies.
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While, foreign exchange or forex market is 24-hours open, which offers the wider scope for trading where time doesn''t matter.
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Secondly, the FOREX market is the most liquid market in the world.
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The FOREX market started in Chicago Mercantile Exchange in the year 1972 and hit all markets simultaneously.
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