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鈥淔orex鈥?or 鈥淔X鈥?is abbreviation used for Foreign Exchange. FX means buying and selling of currencies and the person who buys and sells these currencies is known as forex trader. Another term you should know about currency trading is foreign exchange market. It is the largest and well known market all around the world. Trading in this market is done day and night except on weekends and other holidays. The week starts from Sunday at 17:00 as per EST till Friday 16:00 EST.