#forextrading #forexmarket #basics #Rajpootfx What is forex market & How does its work? Forex is a short form of foreign exchange – the transaction of changing one currency into another currency. This process can be performed for a variety of reasons including commercial, tourism and to enable international trade. Forex is traded on the forex market, which is open to buy and sell currencies 24 hours a day, five days a week, and is used by banks, businesses, investment firms, hedge funds, and retail traders.