Forexes

Part of speech: noun

Definitions

1. Plural for informal or abbreviated terms referring to foreign exchange markets ; refers to multiple trading platforms or instances where international currencies are exchanged ; can denote several foreign currency dealings or entities
2. Used to indicate more than one setting or market where currency trading occurs ; describes various forums or platforms for international money exchange transactions ; applies to a collection of foreign exchange environments or systems
3. A term designating several currency markets or deals involving the exchange of money from different countries ; applies to multiple venues of global currency trading ; signifies an array of foreign exchange transactions or operations

Etymology: "Forexes" is simply the plural of "forex," a term for the currency exchange markets. The plural mostly matters in the sense of multiple markets or trading venues, which is how the word is used in financial writing. "Forex" is a blend of "for(eign)" and "ex(change)," the two halves of the phrase "foreign exchange." Blending two words into one shortened form is a common way to coin a compact label for a long technical phrase, and the trading community adopted it because "foreign exchange" was cumbersome to repeat in conversation and on trading screens.

Synonyms: foreign exchange, forex market