The market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.
Investopedia explains Forex - FX
There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London , New York , Tokyo , Zürich, Frankfurt, Hong Kong , Singapore , Paris and Sydney .
The forex is the largest market in the world in terms of the total cash value traded, and any person, firm or country may participate in this market.
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