# FOREX

By [RAYHMAN](https://paragraph.com/@rayhman) · 2024-01-14

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Forex (FX) is a shortened form of the words foreign \[currency\] and exchange. Foreign exchange is the process of changing one currency into another for various reasons, usually for commerce, trading, or tourism.

The market is open 24 hours a day, five and a half days a week. Currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone.

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*Originally published on [RAYHMAN](https://paragraph.com/@rayhman/forex)*