Forex and CFDs · Rookie
Forex
Also searched as: FX, foreign exchange
What does Forex mean?
Forex is the market for exchanging one currency against another. Trading a currency pair expresses exposure to the relative value of its two currencies.
Example
Buying EUR/USD expresses a view that the euro will rise relative to the US dollar.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
A prop account may simulate forex trading rather than deliver or exchange currencies.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.