The Foreign Exchange Market (FOREX)-Forex is an acronym for FOReign EXchange and is the worldwide cash inter-bank or inter-dealer market that uses a floating exchange rate system. Most people have never heard of Forex. Yet, it is the world's largest financial market with an estimated daily average of more than $1.5 TRILLION. Some say that it would take the entire New York Stock Market about 3-4 months of daily trading to equal one day of trading in Forex!