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Forex (FX) Definition

Forex, or FX, refers to the global market for buying and selling currencies.

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What is Forex?

The forex market is the largest and most liquid financial market in the world, operating nearly 24 hours a day across global sessions.

Currencies are traded in pairs, with prices reflecting the relative value of one currency against another.

Example of Forex

Trading EUR/USD to speculate on the euro's value relative to the U.S. dollar takes place in the forex market.

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