What is the difference between forex and FX?

The continuous operation of the forex market is attributed to its decentralized nature, with trading activities spanning across multiple time zones and involving participants from all corners of the world.

The foreign exchange market, commonly known as the forex market, operates on a non-stop basis, accessible 24 hours a day for five consecutive days, excluding weekends and holidays.

Despite stock markets worldwide observing closures on holidays, the forex market remains operational on many of these days, providing traders with uninterrupted access to the global currency markets.

Despite being open during holidays, it's important to note that trading volumes may experience a decrease on these days due to reduced market participation and lower liquidity.

The term 'forex' is a combination of the words 'foreign' and 'exchange', signifying the platform's focus on the trading of foreign currencies.