What is FOREX?

This is the question mostly many people ask for..Foreign Exchange in short is called FOREX . It is the said to be the back bone of financial market . The main point in FOREX as its name suggests is exchanging money with that of one country's currency to that of other country's currency. Now FOREX covers around $1.9 Trillion changing hands daily. It is more than that of US equity and Treasure markets combined . So it's a fact that FOREX plays a vital role in this modern world.