Forex
Definition
An over-the-counter market where buyers and sellers conduct foreign exchange transactions. The Forex market is useful because it helps enable trade and transactions between countries, and it also allows an investment opportunity for risk seeking investors who don't mind engaging in speculation. Individuals who trade in the Forex market typically look carefully at a country's economic and political situation, as these factors can influence the direction of its currency. One of the unique aspects of the Forex market is that the volume of trading is so high, partially because the units exchanged are so small. It is estimated that around $4 trillion goes through the Forex market each day. also called foreign exchange market.
Use Forex in a sentence
“ You should always try to get the best rate you can and shop around any time you will be dealing with forex. ”
“ I was interested in the forex procedure because it was simple and over the counter which is the way I liked it. ”
“ The forex market provided the unique opportunity to take advantage of the highly coveted yet increasingly rare concept of arbitrage. ”
