What is forex market?

 

What is forex market?

The Forex Market stands for Foreign Exchange Market or FX market in shorthand. It is a fast-paced and exciting market. The Forex market is where the currencies are all traded, rather like a digital marketplace. Currency is an important asset to most of us around the world, whether or not we realize it. Currencies have to be exchanged for businesses to conduct any foreign trade whether it’s buying wine from Italy or traveling to Russia. All of us rely on the Forex market when we make trades, deals or travel within other countries that have a different currency to ours. We are all players in the Forex market.