TeenAnalyst.com

Foreign Exchange (FOREX)
Term category: Economics, Advanced
In 10 words or less: The market in which currency is traded 24/7.

Definition: The foreign exchange market is a 24-hour-a-day market where currencies are traded.

Advice: The FOREX ("FX") market is used by companies in nearly every country in the world.  In order to convert their currencies from country to country, they may make currency trades on the FOREX market.  They also may hedge against currency fluctuations.  Currency trading is also popular among speculators who try to predict exchange rate movements.

 

# - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z