What does FOREX mean?

Forex

Part of Speech: Noun

Definition: The foreign exchange market, where currencies are traded.

Pronunciations: US: /ˈfɔrɛks/; UK: /ˈfɒrɛks/

Origin and Usage: The term "forex" is a blend of "foreign" and "exchange." It refers to the global market where currencies are traded. The forex market is the largest financial market in the world, with an average daily trading volume of over $5 trillion.

Synonyms: Currency market, FX market, foreign exchange market

Related Words: Trade, money, stock, asset, price

Example Sentences:

• She made a lot of money trading forex.
• The forex market is open 24 hours a day, 5 days a week.
• The value of the dollar against the euro is an important factor in the forex market.