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Forex (currencies)

In one line: Trading one currency against another, like euros against dollars.

Forex prices always come in pairs. EUR/USD 1.10 means one euro costs 1.10 dollars. Moves are counted in Pips.

It is the biggest market in the world. The Bank for International Settlements (BIS)The "central bank of central banks". counts it every three years. In April 2025 about 9.5 to 9.6 trillion US dollars changed hands on an average day. (The first and final counts differ slightly.)

Forex trades around the clock on weekdays because it has no single central exchange. Many retail forex products are leveragedBorrowed power: control a big position with little money., see Leverage and CFDs (contracts for difference).

Related

Sources & studies

  1. BIS Triennial Survey 2025: OTC FX turnover
  2. Investopedia (secondary): Forex

MarketsPipLot

Last checked: 2026-11-04 · Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.