---
title: "Forex - Meaning & GFN's Figure - Get Funded Now"
description: "The market for exchanging one currency for another, traded as pairs. It runs 24 hours from Sunday evening to Friday evening and is the deepest market by…"
url: "https://getfundednow.com/glossary/forex"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/forex"
  pt-BR: "https://getfundednow.com/pt-br/glossary/forex"
  fr: "https://getfundednow.com/fr/glossary/forex"
  it: "https://getfundednow.com/it/glossary/forex"
  de: "https://getfundednow.com/de/glossary/forex"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Instruments and markets

# Forex

The market for exchanging one currency for another, traded as pairs. It runs 24 hours from Sunday evening to Friday evening and is the deepest market by volume, which is why spreads on major pairs are so tight.

Also called: FX · Foreign exchange

GFN’s figure

Forex instruments may be traded on GFN accounts where available on the platform, at leverage of up to 1:50, with commission of $3.50 per side, $7 per lot round turn.

In detail

## Forex, explained

Every forex quote is a ratio: buying EUR/USD is a bet on the euro against the dollar, not on either currency alone. That is why interest rate expectations on both sides move the price.

Liquidity is not constant across the 24 hours. The same pair costs materially more to trade at the tail of the Asian session than during the London-New York overlap.

[The rule in full →](https://getfundednow.com/rules/instruments) · [Rules handbook](https://getfundednow.com/rules) · [Forex at GFN](https://getfundednow.com/instruments/forex) · [More instruments and markets](https://getfundednow.com/glossary/category/instruments)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Major pairs](https://getfundednow.com/glossary/major-pairs) - The most traded currency pairs, all quoted against the US dollar: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and AUD/USD. They carry the tightest spreads and the deepest liquidity, which makes them the cheapest pairs to trade frequently.
- [Minor pairs](https://getfundednow.com/glossary/minor-pairs) - Pairs between major currencies that do not include the US dollar - EUR/GBP, GBP/JPY, EUR/AUD and similar. Spreads are wider than on the majors and daily ranges are often larger, so the same strategy costs more to run.
- [Exotic pairs](https://getfundednow.com/glossary/exotic-pairs) - Pairs matching a major currency with a smaller or emerging-market one - USD/TRY, USD/ZAR, USD/MXN and similar. Spreads are wide, moves are large, swap charges are heavy and liquidity can disappear with very little warning.
- [Pip](https://getfundednow.com/glossary/pip) - The standard unit of price movement in forex - 0.0001 for most pairs, 0.01 for yen pairs. A pipette is one tenth of a pip, which is why most quotes carry a fifth or third decimal place.
- [Session overlap](https://getfundednow.com/glossary/session-overlap) - The hours when two trading sessions are open at once. The London-New York overlap, roughly 13:00 to 16:30 UK time, carries the highest volume and the tightest spreads of the day.

Also governed by [/rules/instruments](https://getfundednow.com/rules/instruments)

[XAU/USD](https://getfundednow.com/glossary/xauusd) · [Silver](https://getfundednow.com/glossary/silver) · [Indices](https://getfundednow.com/glossary/indices) · [Commodities](https://getfundednow.com/glossary/commodities) · [Crude oil](https://getfundednow.com/glossary/crude-oil) · [Cryptocurrency](https://getfundednow.com/glossary/cryptocurrency)

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Source: https://getfundednow.com/glossary/forex
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt