What is Forex ?
Forex (Foreign Exchange) is the global marketplace for trading national currencies. It operates 24 hours a day, five days a week, and is the largest and most liquid financial market in the world, with daily trading volumes exceeding $6 trillion. In forex trading, currencies are traded in pairs (e.g., EUR/USD), meaning you are buying one currency while selling another.
The forex market is influenced by a wide range of factors, including economic indicators, interest rates, geopolitical events, and market sentiment. Traders aim to profit from fluctuations in currency exchange rates, which can be driven by these and other factors. Forex is popular among both retail and institutional investors due to its high liquidity, volatility, and accessibility.
Forex is widely traded by central banks, financial institutions, corporations, and individual traders, making it one of the most dynamic markets globally.