Forex is an abbreviation for foreign exchange, which refers to the global electronic marketplace for trading international currencies and currency derivatives. Forex is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day. Forex traders seek to profit from the continual fluctuations of currency values by buying and selling different pairs of currencies, such as USD/CAD, EUR/USD, or USD/JPY. Forex trading can be done through banks, brokers, or online platforms. Forex trading is also known as FX trading or currency trading