Forex
The market for exchanging one currency for another. It trades over the counter between banks and brokers rather than on a central exchange, around the clock on weekdays.
Also called FX · foreign exchange · currency market
The market for exchanging one currency for another. It trades over the counter between banks and brokers rather than on a central exchange, around the clock on weekdays.
Why it matters
There is no single official price: quotes differ slightly between venues, and published reference rates are set once a day.
Related terms
- Currency Pair
- Base Currency
- Exchange Rate
Keep reading
Volatility
How much a price moves around over time, usually measured as the standard deviation…
Liquidation
The forced closing of a leveraged position when its collateral no longer covers losses.…
Self-Custody
Holding your own keys rather than leaving assets with an exchange or custodian.
Custody
The safekeeping of assets on a client's behalf. Regulated custodians must segregate client assets…
Volume
The quantity of an asset traded over a period, usually a day. It measures…
Private Key
The secret number that authorises transactions from an address. Possession of the key is…