What is Forex ?

                             FOREX is a worldwide decentralized over-the-counter financial market for the trading of currencies.By definition or fullform forex is " The foreign exchange market ".Forex is also known as FX or currency market.Now a days forex is the mos fastly growing internet largescale business.Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
                        Primary purpose of the FOREX  is to help international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import European goods and pay Euros, even though the business's income is in US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow low-yielding currencies and invest in high-yielding currencies, and which  may lead to loss of competitiveness in some countries.