---
title: What is Forex?
description: "The foreign exchange (‘currencies, Forex or FX’) is a market where participants buy, sell, exchange, and speculate on currencies. In particular, it consists of trading one currency for another, ex: EURUSD. This means trading the Euro against the US dollar."
url: "https://ms.wmmarkets.com/knowledge-base/trading/what-is-forex/"
updated: "2024-10-09"
category: Trading
---

# What is Forex?

The foreign exchange (‘currencies, Forex or FX’) is a market where participants buy, sell, exchange, and speculate on currencies. In particular, it consists of trading one currency for another, ex: EURUSD. This means trading the Euro against the US dollar.