Avix Trade
What Is Foreign Exchange?
Foreign Exchange (also known as Forex or FX) refers to the global market where currencies are bought and sold. It is the largest and most liquid financial market in the world, with a daily trading volume of trillions of dollars. Participants engage in transactions based on exchange rates between different countries' currencies. The Forex market was established to facilitate international trade and investment and operates in major financial centers worldwide. For instance, significant trading activity occurs in major financial hubs such as New York, London, Tokyo, and Singapore. The Forex market operates 24 hours a day, five days a week, with a continuous cycle of trading due to the overlapping trading hours of different countries' markets.
