# FOREX

**Published by:** [RAYHMAN](https://paragraph.com/@rayhman/)
**Published on:** 2024-01-14
**URL:** https://paragraph.com/@rayhman/forex

## Content

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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