Learn
What Is Forex?
Forex, short for foreign exchange, is the market in which currencies are exchanged against one another.
Forex trading generally involves buying one currency while selling another. Currency pairs, exchange rates, economic data, interest rates, and geopolitical developments can influence market movements.
Key concepts
Currency Pairs
Forex instruments are quoted as pairs, such as EUR/USD.
Exchange Rates
These represent the relative value of one currency against another.
Market Volatility
Currency prices can change in response to economic and geopolitical events.
Leverage Risk
Leveraged trading can magnify both gains and losses and may result in rapid or substantial losses.
Forex
Generally concerns currency pairs.
Cryptocurrency
Concerns digital assets. Different from forex.
This page is an educational overview of forex. It is not an offer of brokerage or trading services, and participation in any market does not guarantee profits. For live exchange-rate information see Market Information.