4X (Forex Leverage)

Shorthand for the foreign exchange market, where currency pairs trade with leverage ratios that can reach 50:1 or even 100:1 in some jurisdictions. The "4X" nickname comes from the abbreviation FX (foreign exchange). With trillions of dollars changing hands daily, forex is the largest and most liquid financial market in the world, operating 24 hours a day from the Sydney open through the New York close.